Wealthfront app.
Source: WealthFront
Wealthfront, a startup that popularized the robo-advisor style of automated investment, filed an early US offer on Monday, making it the latest in the wave of fintech companies to be released this year. chime and Klarna.
The company in June filed a confidential application with the IPO, but up until now it has waited for its submission to be made public. This shows that Wealthfront is planning to launch a roadshow to market the stock to investors. IPOs usually last several weeks after the S-1 filing is published. The company plans to list it on NASDAQ under the ticker symbol “WLTH.”
According to the filing, WealthFront, led by CEO David Fortunato, has $88.2 billion in assets on the platform and served 1.3 million customers as of July 31. During the fiscal year 2025, it generated $194.4 million in revenue for fiscal year 2025, which ended January 31st.
“Our clients are digitally native, high-income people who are primarily responsible for savings and wealth accumulation,” the company said. “Digital natives usually save large liquids with long field of view and are not shaken by corrections and bear markets.”
Founded in 2008, the company has been on a long, winding journey into the open market.
In addition to improving rivals, Wealthfront helped define robo-advisor categories that use algorithms to automate customer investment decisions.
Within a few years, including major banks Morgan Stanley and Bank of America To complement the large army of human financial advisors, we have launched our own robotic products.
In 2022, Zurich-based Global Bank UBS said it was buying wealthfronts with $1.4 billion in cash, but the deal collapsed as the market suddenly became skeptical of fintech companies amid rising interest rates.
It took Fintech years to recover, leading to this year’s rebound.
Founded in 2007 and based in Palo Alto, California, Wealthfront employs 359 people as of July 31st.
– CNBC’s Jordan Novel contributed to this report.
