Wealthfront

Wealthfront

  • FOUNDING YEAR: 2011
    LOCATION:
    United States
    REGION:
    California
    Last Update:
    14 Feb, 2020
    Phone:
    +1 650-249-4250

Description

FOCUS

PRODUCTS & SERVICES:
Automated Investment management and advisory services for investors. The platform provides for various accounts including Taxable Accounts, IRA Accounts, Roth IRA Accounts, SEP IRA Accounts, 529 Plan Accounts and Trusts. It offers services such as Direct Indexing, Tax-loss Harvesting, Single-Stock Diversification, Portfolio Review, Third-Party Account Support, College Savings Plan and Retirement Planner. It helps users manage and build a diversified portfolio. Recently, Wealthfront launched advanced indexing to deliver clients higher after-tax returns at no incremental cost.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Retail Investors
EXISTING PARTNERSHIPS:
Partnered with Apex Clearing Corporations to provide brokerage services to their clients.
COMMENT
Wealthfront is using Artificial Intelligence to manage over $5 billion in assets.

PEOPLE

MEDICI analysts will analyze Wealthfront soon

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$204.5 Millions
DATE OF LAST FUNDING:
Jan 2018
TOTAL FUNDING COMMENT:
The company is planning to use the fund for expansion for its client base (Jan 2018).
SEED & PRIOR FUNDING:
$3 Millions
FUNDING SERIES:
SERIES A
$7.5 Millions Closed: Dec 2009
SERIES B
$20 Millions Closed: Mar 2013
SERIES C
$35 Millions Closed: Apr 2014
SERIES D
$64 Millions Closed: Oct 2014
SERIES E
$75 Millions Closed: Jan 2018
LISTED:
NO

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