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Introducing the Wealthfront Single-Stock Diversification Service

When LinkedIn went public in 2011, the company had about 1,500 employees. Traditional private wealth managers were ubiquitous on campus in their efforts to sign-up the 50 to 100 early employees and executives who met their firms’ multi-million dollar minimums. Unfortunately, that was of little help to the 1,400 other employees at the company looking for support. At Wealthfront, we believe everyone deserves sophisticated financial advice. Today, we’re launching the service I wish the entire LinkedIn team could have had access to back in 2011. Introducing the Wealthfront Single-Stock Diversification Service. This service will help solve a critical problem for many that work at public technology companies: How to best diversify concentrated holdings in your company’s stock. Such holdings are […]

The Math Behind the Single-Stock Diversification Service

At Wealthfront, we pride ourselves on combining world-class investment expertise with great engineering. So when we first set out to build the Single-Stock Diversification Service, building a product with unparalleled ease and convenience in solving a tricky client problem was not enough. Making recommendations to clients requires solid research and math. So, before we wrote our first line of code, we began looking at the two key questions faced by clients with large single-stock positions: Should I sell my single-stock position and diversify? If I am to sell, when and how should I do it? Should you sell your single-stock position? Many clients who speak to us about their single-stock position express some hesitancy in selling their company’s stock. After […]

The Automated Investment Service for Everyone

Wealthfront is the world’s largest and fastest-growing automated investment service (AIS). With more than $800 million in client assets under management, Wealthfront offers the most tax-efficient and low-cost index fund-based solution for long-term investors on the market. Having grown more than 700% since the start of 2013, Wealthfront now provides service to clients across all 50 states and Washington, D.C., with client accounts ranging in size from $5,000 to over $10,000,000. Wealthfront is on the leading edge of a much larger trend, one catalyzed by a new generation of younger investors. There are 90 million people in the millennial generation with an aggregate net worth of more than $2 Trillion. They have grown up with software and lived through two […]

Wealthfront Named ETF Strategist of the Year

Today I am proud to announce that Wealthfront has been named the “ETF Strategist of the Year” by ETF.com (formerly IndexUniverse), the world’s leading authority on exchange-traded funds. We are especially gratified to be chosen for this award from among all investment management firms that use ETFs, not just new entrants. At Wealthfront, we strive to build a world-class investment service and we’re proud to have assembled an unparalleled investment team led by Burton Malkiel. Over the past year, we added asset classes, released an improved and more diversified investment mix, delivered different asset allocations for taxable vs. retirement accounts to improve after tax returns, and launched the Wealthfront 500. In short, we aim to relentlessly improve our service to […]

Announcing Wealthfront for iPhone

Wealthfront became the largest and fastest-growing software-based financial advisor—with over $700 million in assets under management— by providing a simple, automated service for managing your long-term investments. Wealthfront monitors your investments for opportunities to rebalance your portfolio and harvest tax losses every day so you don’t have to. Unlike most investment applications for the iPhone, Wealthfront decided to design, from the ground up, a way for our clients to see how their investments are being managed, anytime, from their iPhone. Download: Wealthfront for iPhone  A Personal Feed from Wealthfront The Wealthfront application is structured around a feed of updates about your accounts. Most of our clients appreciate that Wealthfront can be their “set it and forget it,” automated investment service. They […]

Announcing Adam Nash as CEO

Today I am thrilled to announce that Adam Nash has succeeded me as CEO of Wealthfront.  When Dan Carroll and I co-founded Wealthfront, we had one mission in mind, to democratize access to sophisticated investment management.  We knew that to achieve our audacious goal would mean building great software and fostering a culture that would attract outstanding talent. We also knew our limitations. Prior to co-founding Wealthfront I was a career venture capitalist who retired to teach entrepreneurship at Stanford Graduate School of Business.  My background prepared me to find product/market fit, but I knew I wasn’t the most appropriate person to scale the business. So we were unbelievably fortunate one year ago to have Adam join us as our […]

Wealthfront Reaches Over Half a Billion Dollars in 2013

At Wealthfront, we believe everyone deserves sophisticated financial advice. Our mission is to provide the same kind of high-quality investment services offered by the finest financial institutions and private wealth managers, without the high account minimums or costs. 2013 was a ground-breaking year for our service.  Although we began the year with less than $100 million in assets under management, we closed 2013 with over $538 million, growing over 450% to become the largest and fastest-growing software-based financial advisor.  In fact, Wealthfront enters 2014 larger than 87% of RIAs in the United States.   Two Massive Trends: Passive Investing & The Rise of Millennials Our growth in 2013 exceeded even our most optimistic projections, so we’ve spent some time investigating […]

Happy Holidays from Wealthfront

At Wealthfront, we’re always working hard to provide the best possible service for our clients.  However, as we get into the cold winter months, we wanted to take a moment to just say thank you.  2013 has been an amazing year for Wealthfront, and we know that success stems directly from the trust & support that our clients have placed in us.   In 2013, Wealthfront continued its strategy of marrying world class financial expertise with incredible software talent. Burt Malkiel, our Chief Investment Officer, spearheaded a significant enhancement to our investment mix the first week of March.  In June, Charley Ellis, a passionate advocate of investor rights and index investing, joined our investment team. Our software team saw tremendous […]

Introducing a New Level of Tax-Loss Harvesting

Today we are proud to announce a significant enhancement to our breakthrough tax-loss harvesting service — the ability to harvest losses on stocks that comprise an index.  We call this new service the Wealthfront Tax Optimized US Index Portfolio. A little over one year ago, Wealthfront became the first service to offer daily tax-loss harvesting across asset classes.  Since then, Wealthfront has become the largest and fastest growing software-based financial advisor, with over $450 million in assets under management, up over 350% in 2013 alone. With today’s announcement we go one step further by taking advantage of the volatility among stocks that comprise the S&P 500 to look for tax losses at the individual stock level without straying from the index or […]

Introducing Andy Johns

To build a service that allows everyone access to sophisticated financial advice, Wealthfront believes we need to pair world-class financial experts with Silicon Valley’s best talent.  Over the last year, we’ve had financial luminaries like Burt Malkiel and Charley Ellis join our investment team. Today, we’re pleased to announce that one of Silicon Valley’s foremost growth experts has joined our team.  We are thrilled to welcome Andy Johns to Wealthfront. Accelerating Growth of World Class Platforms Andy comes to Wealthfront after his recent role at Greylock Partners as their Growth Strategist in Residence. He previously built and established growth systems at Facebook, Twitter and Quora. Andy has demonstrated innovative thinking to accelerate growth nearly 10x at each of the three, […]