Wealthfront Inc. is a large advisory firm based in Redwood City. It manages $11.17 billion of regulatory assets for 275,184 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.
Wealthfront provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for approximately 215,500 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Wealthfront Inc. is $11.17 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 102821% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Wealthfront Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of William Barry Mccarthy is individuals with 215,347 clients and $8.72 billion of assets under management. Among the 9 most similar advisory firms, Wealthfront has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $11.17 billion for 216,599 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Wealthfront doesn't advise any private funds.
The company employs 161 people that are either part- or full-time employees. 5 percent of the employees work as investment advisers or researchers. 15 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
William Barry Mccarthy has been acting as President since 1 Mar 2010. Burton Gordon Malkiel has served as the Chief Investment Officer since 1 Nov 2012. John Thomas Torola joined the executive team most recently as the Chief Compliance Officer.
The principal office where Wealthfront Inc. performs its advisory services is located at 900 Middlefield Road, Redwood City, CA 94063, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 844-995-8437 or by fax 800-366-1679. The normal business hours are 7am - 5pm pacific on Monday - Friday. You can find more information about the New York firm at wealthfront.com.