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Wealthfront Surpasses $50 Billion in Assets, Set for 140% Revenue Growth

The robo-advisor, now profitable, attributes its success to new products and is not considering acquisitions or an IPO.

Overview

  • Wealthfront, a pioneer in automated investing, now oversees more than $50 billion in assets for over 700,000 clients.
  • The company has become profitable and is set to grow revenue by more than 140% this year.
  • Wealthfront attributes its growth to new products, including automated bond portfolios tailored to each customer's tax situation.
  • The company's EBITDA margins are above 40%, indicating strong profitability.
  • Wealthfront is not currently considering acquisitions or an initial public offering, focusing instead on organic growth.