Wealthfront

wealthtech (retail)robo advisors

FOUNDING YEAR: 2011
LOCATION: United States
Last Update: 01/05/2020

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About

Wealthfront provides automated investment management platform that allows investors to create and manages personalized, globally diversified investment portfolios at a lower cost. Users can create an account with the minimum investment of $500. It offers low-cost ETFs which are used to represent each asset class. Stock allocations include US, foreign and emerging markets. Likewise, bond allocations include municipal, corporate and emerging markets.

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

Wealthfront charges an advisory fee of 0.25% on assets above $10,000.

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.

Traction

VALUATION / MARKET CAP:

$500 M in 2018

REVENUE

$10M+ in 2018

REVENUE COMMENT:

The company had a revenue of $22.5Million in 2018

TRANSACTIONS VALUE:

$5 B

TRANSACTIONS COMMENT:

Currently, the company is managing over $5 billion in assets till date.(Feb 2017).

TRACTION COMMENT:

It is planning to launch 529 college savings plan in partnership with the state of Nevada and Ascensus college savings.

People

FOUNDERS

Dan Carroll

Andy Rachleff

BOARD MEMBERS AND ADVISORS

Jeremy Philips

Mike Volpi

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Adam D'Angelo

Alison Rosenthal

Andy Dunn

Andy Rachleff

Ben Horowitz

Benchmark Capital

Bruce Dunlevie

Cipora Herman

DAG Ventures

Doug Mackenzie

Dragoneer Investment Group

Greylock Partners

Hunter Walk

Index Ventures

Kevin Compton

Marc Andreessen

Marissa Mayer

Mark Pincus

Matt Mullenweg

Michael Schroepfer

Paul Kedrosky

Ribbit Capital

Satya Patel

SK Ventures

Spark Capital

The Social+Capital Partnership

Tiger Global Management

Timothy Ferriss

KEY EMPLOYEES:

Andy Rachleff(President

CEO); Burton Malkiel(Chief Investment Officer); Ashley Fieglein Johnson(COO & CFO); David Fortunato(CTO); Daniel Carroll(Chief Strategy Officer)

COMMENT:

1) Andy Rachleff: Andy Rachleff is a co-founder,Executive Chairman of Wealthfront. He had previously been the executive chairman of the company after stepping down as the CEO, but then returned to the CEO role in 2016. He is also a trustee of the University of Pennsylvania, chairman of the board of overseers for its School of Engineering,Applied Science,vice chairman of its endowment investment committee. He is also a board member of the Damon Runyon Cancer Research Foundation. 2) Dan Carroll is the Founder & Chief Strategy Officer of Wealthfront. Daniel holds a B.S. in Finance from University of Arizona,was named one of the “Best Young Tech Entrepreneurs under 30” by Bloomberg Businessweek in 2011.

Momentum

FUNDED

YES

TOTAL FUNDING

$204.5 M

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 M

FUNDING SERIES

SERIES A  · $7.5 M  · Dec 2009

SERIES B  · $20 M  · Mar 2013

SERIES C  · $35 M  · Apr 2014

SERIES D  · $64 M  · Oct 2014

SERIES E  · $75 M  · Jan 2018

LISTED

NO

BASICS

FOUNDING YEAR:

2011

LOCATION:

United States

Views:

1001 VISITORS | 2078 VIEWS
LATEST FUNDING ROUND

$205 M

TOTAL EMPLOYEES
51-200

About

Wealthfront provides automated investment management platform that allows investors to create and manages personalized, globally diversified investment portfolios at a lower cost. Users can create an account with the minimum investment of $500. It offers low-cost ETFs which are used to represent each asset class. Stock allocations include US, foreign and emerging markets. Likewise, bond allocations include municipal, corporate and emerging markets.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

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