Wealthfront application.
Source: Wealthfront
Wealthfront, the startup that helped popularize the automated robot-adviser investment style, has filed a first American public offer, making it the last wave of fintech companies in publication this year, including Carillon And Klarna.
In June, the company filed an intervention in complete confidentiality for an IPO, but has so far waited to make this deposit. This indicates that Wealthfront plans to launch its roadshow to present actions to investors; A IPO generally follows weeks after the publication of the S-1 deposit. The company intends to identify on Nasdaq under the symbol of “WLTH” Ticker.
Wealthfront, led by CEO David Fortato, had $ 88.2 billion in assets on his platform and served 1.3 million customers on July 31, according to the file. He generated $ 194.4 million in net profit on 308.9 million dollars in revenue during the 2025 fiscal year, which ended on January 31, according to the file.
“Our customers are mainly high digital employees who prioritize the economies and the accumulation of wealth,” said the company. “Digital natives generally have large liquid savings with longtime horizons to come, and they are not discouraged by bears corrections and markets.”
The company, founded in 2008, experienced a long and winding journey to public procurement.
In addition to Rival Betterment, Wealthfront has helped define the Robo-Advisor category, which uses algorithms to automate investment decisions for customers.
In a few years, large banks, especially Morgan Stanley And America Bank Unveiled their own Robo offers to complete their major armies of human financial advisers.
In 2022, the World Bank based in Zurich UBS said that it bought wealth forces for 1.4 billion dollars in cash, but the agreement collapsed while the market suddenly became skeptical on Fintech companies in the midst of increasing interest rates.
It took years to the market for fintechs to recover, which led to a rebound in the announcements this year.
Founded in 2007 and based in Palo Alto, California, Wealthfront employed 359 people on July 31, according to the file.
– November Jordan of CNBC contributed to this report.