OverviewSuggest Edit
Wealthfront is an automated investment service company that builds and manages personalized, globally-diversified investment portfolios. It provides data-driven, actionable recommendations to improve net-of-fee, after-tax, risk-adjusted returns. Wealthfront allows users to monitor their real-time investment performance, review recent transactions, receive financial advice, and manage their deposits.
| Type | Private | |
| Founded | 2008 | |
| HQ | Palo Alto, US | Map |
| Website | wealthfront.com | |
| Employee Ratings | More | |
| Overall Culture | A | More |
Recent NewsAll News
- Wealthfront Automates Savings For Users
- Extra Crunch Live: Join Wealthfront CEO Andy Rachleff August 11 at 1pm EDT / 10am PDT about the future of investing and fintech
- The Wealthfront Cash Account is a hybrid savings and checking account that lets you get your paycheck up to 2 days early
- A decade in, robo-advisers like Wealthfront and Betterment are in a tricky spot. Here's why one fintech banker thinks buyers and public investors will be hard to win over.
Key People/Management at Wealthfront
Andy Rachleff
President & CEO
David Fortunato
President
Kal Iyer
Vice President Of Engineering
Daniel Slate
Senior Director of Product Management
Alan Imberman
Vice President of Finance
Vineet Singh
Chief Data Officer
Wealthfront Office Locations
Wealthfront has an office in Palo Alto
Palo Alto, US (HQ)
261 Hamilton Ave
Wealthfront Financials and Metrics
Summary Metrics
Founding Date | 2008 |
Wealthfront total Funding | $204.5 m |
Wealthfront latest funding size | $75 m |
Time since last funding | 3 years ago |
Wealthfront investors | Index Ventures, DAG Ventures, Greylock Partners, Kevin Rose, Spark Capital, Matt Mullenweg, Dragoneer Investment Group, Tiger Global Management, The Social+Capital Partnership, Ribbit Capital, Marc Andreessen, Andy Dunn, Satya Patel, Cipora Herman, Michael Schroepfer, Marissa Mayer, Paul Kedrosky, Alison Rosenthal, Ben Horowitz, Social Capital, Hunter Walk, Adam D’Angelo, Benchmark Capital, OpenTable CEO Jeff Jordan, Benchmark Capital partner Andy Rachleff, Doug Mackenzie of Kleiner, Kleiner Perkins partner Kevin Compton, Bruce Dunlevie of Benchmark, Mike Volpi of Index Ventures, Chamath Palihapitiya of The Social+Capital Partnership, Reid Hoffman of Greylock Partners, Social+Capital Partnership, Mark and Ali Pincus, Tim Ferris |
Wealthfront's latest funding round in January 2018 was reported to be $75 m. In total, Wealthfront has raised $204.5 m. Wealthfront's latest valuation is reported to be $500 m.
Wealthfront Revenue
Market valuation | 500.0m |
Wealthfront Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Grove | August 22, 2019 |
Wealthfront Cybersecurity Score
Wealthfront Online and Social Media Presence
37.21k Twitter followers
Wealthfront has 37.21k Twitter Followers. The number of followers has increased 0.1% quarter over quarter
Wealthfront's Trends
Twitter Engagement Stats for @wealthfront
11.5k
Tweets
1.8k
Following
37.2k
Followers
28
Tweets last 30 days
6.9
Avg. likes per Tweet
82.1%
Tweets with engagement
Wealthfront Company Culture
Overall Culture
A
88/100
CEO Rating
A+
94/100
Compensation
A
87/100
Wealthfront News and Updates
September 02, 2020
Wealthfront Automates Savings For Users
Wealthfront launched a new service that automates a client’s savings plan so they no longer need to manually monitor accounts and move money around.
August 05, 2020
Extra Crunch Live: Join Wealthfront CEO Andy Rachleff August 11 at 1pm EDT / 10am PDT about the future of investing and fintech
Wealthfront was one of the earliest and remains one of the most formidable companies in the so-called robo-advisor space — algorithmic apps that manage and optimize your savings and investments. Since its debut, the platform has skyrocketed in popularity, taking in more than $200 million in venture …
June 10, 2020
The Wealthfront Cash Account is a hybrid savings and checking account that lets you get your paycheck up to 2 days early
The Wealthfront Cash Account (Member FDIC) acts as a hybrid savings and checking account.
You'll earn a competitive APY like you would with a high-yield savings account, but you'll also have access to a debit card and direct deposits, as you would with a checking account.
You can also receive yo…
January 03, 2020
A decade in, robo-advisers like Wealthfront and Betterment are in a tricky spot. Here's why one fintech banker thinks buyers and public investors will be hard to win over.
Robo-advisors exploded onto the wealth management scene in the last decade as their low-cost investment tools forced traditional financial advisors to adjust their strategies.
Jason Gurandiano, global head of financial technology investment banking at RBC, told Business Insider that robos have a …
August 23, 2019
Wealthfront acquires financial planning startup Grove
Today, Wealthfront and Grove, a financial planning startup, announced that the Grove team will be jo...
August 06, 2019
Wealthfront and Betterment are battling it out, and it's great news for savers
Betterment, the online investing adviser, debuted a high-yield savings account with a 2.69% APY in July, but reduced the rate to 2.44% after the Federal Reserve cut its benchmark interest rate.
Betterment joined fellow robo-adviser Wealthfront in the high-yield savings space, which debuted its Ca…
Wealthfront Blogs
November 30, 2020
Switching Banks? Here’s How Credit Cards Make It Easier
Banking can be a headache, particularly when you use a traditional bank. Between trekking to bank branches, earning little to no interest on your cash, and paying annoying fees, you might find yourself tempted to say goodbye to your bank and pick a new one. At the same time, you probably worry about…
November 16, 2020
How Wealthfront’s Tax-Loss Harvesting Pays for Itself
We’ve written before that our Tax-Loss Harvesting service saves Wealthfront clients money whether the market is up or down. But what you might not know is that it renders our high quality investing service basically fee-free by generating tax savings that far outweigh the 0.25% annual advisory fee w…
November 09, 2020
You Can Now Send a Check from the Wealthfront App
The Wealthfront Cash Account has gotten a series of major upgrades this year. This summer, we enabled checking features so you can direct deposit your paycheck (and get paid up to two days early), pay bills and friends, make purchases with a debit card, and access your cash via a network of free ATM…
November 06, 2020
What Are Robo-Advisors, and How Do They Differ?
If you’re interested in investing, odds are you’ve heard the word “robo-advisor” used before. While it’s fun to imagine a robot managing your investment portfolio and beeping cheerfully as it works, robo-advisors are actually automated investing services managed by software instead of human advisors…
October 29, 2020
Investing Advice for the 2020 Presidential Election
On the eve of the 2020 U.S. presidential election, some investors may find themselves worrying about what the coming weeks and months will mean for their portfolios. In a recent blog post, Wealthfront’s Chief Investment Officer Burton Malkiel made some predictions about what could be on the horizon …
October 28, 2020
Think You Can Beat the Market with Day Trading? Don’t Forget About Taxes
Day trading may be popular right now, but that doesn’t mean it’s a good idea. In a recent blog post, we explained why investors and traders shouldn’t be fooled by absolute returns and that earning seemingly strong returns of 30% when the market is up 50% is actually pretty terrible performance. Once…
Wealthfront Frequently Asked Questions
When was Wealthfront founded?
Wealthfront was founded in 2008.
Who are Wealthfront key executives?
Wealthfront's key executives are Andy Rachleff, David Fortunato and Kal Iyer.
How many employees does Wealthfront have?
Wealthfront has 229 employees.
Who are Wealthfront competitors?
Competitors of Wealthfront include Altruist, Personal Capital and SigFig.
Where is Wealthfront headquarters?
Wealthfront headquarters is located at 261 Hamilton Ave, Palo Alto.
Where are Wealthfront offices?
Wealthfront has an office in Palo Alto.
How many offices does Wealthfront have?
Wealthfront has 1 office.
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