Founded Year

2011

Stage

Acquired | Acquired

Total Raised

$204.5M

Valuation

$0000 

Revenue

$0000 

About Wealthfront

Wealthfront is a robo-advisor offering the combination of financial planning, investment management and banking-related services exclusively through software. Anyone with $500 can open a Wealthfront investment account which offers access to the company's unique PassivePlus investment strategy and comprehensive automated financial planning service.On January 26th, 2022, Wealthfront was acquired by UBS.4 billion.

Wealthfront Headquarter Location

261 Hamilton Ave

Palo Alto, California, 94301,

United States

844-995-8437

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Wealthfront's Products & Differentiation

See Wealthfront's products and how their products differentiate from alternatives and competitors

  • Automated Investment Management

    Start with a portfolio tailor-made for you and customize it to your liking, or build your own portfolio. We’ll handle the trades, keeping you diversified, and our Tax-Loss Harvesting strategy can more than cover our annual .25% advisory fee.

    Differentiation

    Our Tax-Loss Harvesting strategy can lower the taxes you pay as you invest. In fact, 96% of our clients that have a recommended portfolio had their fees covered by Tax-Loss Harvesting. 

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    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

  • Subscribe to see more

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

  • Subscribe to see more

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

Expert Collections containing Wealthfront

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Wealthfront is included in 6 Expert Collections, including Banking.

B

Banking

741 items

W

Wealth Tech

1,753 items

A category of financial technology that is digitizing & streamlining the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.

F

Fintech 250

998 items

T

Tech IPO Pipeline

282 items

Track and capture company information and workflow.

C

Conference Exhibitors

5,302 items

F

Fintech

7,431 items

US-based companies

Latest Wealthfront News

How losing stock positions can lower a client's tax bill

Jun 21, 2022

June 18 The recent slump in markets has made it an appealing strategy. Robo advisor Wealthfront, which offers automated tax-loss harvesting, said the volatility led its program to harvest more losses in the first half of June than it did from July to December combined. An investor who harvests a loss can not only use it to offset capital gains but also leftover amounts to offset $3,000 of ordinary income. After that, any remaining loss can be carried forward to offset gains or $3,000 of ordinary income in a future year. Many robo advisors offer automated tax-loss harvesting, including Betterment, Wealthfront and, for those with higher balances, Schwab Intelligent Portfolio and Personal Capital. Backend Benchmarking, which tracks robo advisors, said in its 2021 Tax-Loss Harvesting Study that programs can vary greatly between advisors. “While some realized net losses of over 8% of the account value on the year, others did not realize any losses at all,” the report said. Schwab Intelligent Portfolios “stood out for the highest percentage of realized net losses for the year,” the study said. Wash-sale rule The complexity comes in when an investor realizes the loss but also wants to maintain exposure to the industry of the stock they sold. This is where you have to be careful not to run afoul of the Internal Revenue Service’s “wash-sale rule.” The wash-sale rule says that if you’re going to deduct a loss, you can’t turn around and buy a “substantially identical” stock or security for 30 days up to the date of sale or 30 days after. If you do, the deduction may be disallowed. It’s easy to figure out what’s “substantially identical” with stocks. If you deduct a loss for Netflix, you can’t go out and buy Netflix immediately afterward. “Where it gets complicated is if you sold a stock, then bought a call option on it,” which gives the right to buy a stock at a certain price in the future, said Tim Steffen, director of tax planning at wealth manager Baird Private Wealth Management. “From the IRS standpoint, that’s substantially identical.” A more common situation is with the sale of an actively managed mutual fund or exchange-traded fund. “If you buy one growth fund and sell another, if they’re actively managed we are pretty comfortable with that, since they’ll have different expenses, different holdings,” Steffen said. With passively managed index funds, your risk may also be relatively low. But you can’t sell a Vanguard fund tracking the S&P 500 at a loss and then buy a Fidelity fund tracking the same index, even if a detail like the expense ratio differs. Index funds can be helpful with tax-loss harvesting in another way. If you’re selling a stock to take a loss, such as Meta Platforms, but want to maintain exposure to the tech industry, you could buy a mutual fund or ETF that tracks a technology index that owns Meta. A few tax wrinkles to remember if you don’t use an advisor, human or otherwise: Wash-sale rules don’t allow for a husband to sell a stock, and for his wife to buy it right back. You also can’t sell a stock in a brokerage account for a loss, and then buy it in an IRA. One area of the market not subject to wash-sale rules? Crypto. From a tax standpoint, crypto is considered property, rather than a security. So people can realize crypto losses, take a deduction for taxes, and buy it right back. “You can have the government partially subsidize your loss in Bitcoin,” Steffen said. Suzanne Woolley

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  • When was Wealthfront founded?

    Wealthfront was founded in 2011.

  • Where is Wealthfront's headquarters?

    Wealthfront's headquarters is located at 261 Hamilton Ave, Palo Alto.

  • What is Wealthfront's latest funding round?

    Wealthfront's latest funding round is Acquired.

  • How much did Wealthfront raise?

    Wealthfront raised a total of $204.5M.

  • Who are the investors of Wealthfront?

    Investors of Wealthfront include UBS, Social Capital, Index Ventures, Greylock Partners, Spark Capital and 61 more.

  • Who are Wealthfront's competitors?

    Competitors of Wealthfront include BodesWell, Ellevest, Acorns, Groundfloor, SupraFin and 9 more.

  • What products does Wealthfront offer?

    Wealthfront's products include Automated Investment Management and 3 more.

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