W ealthfront, a 17-year-old fintech company that offers automated portfolios of stocks and bonds and interest-bearing cash accounts to consumers, has registered with the Securities and Exchange Commission to go public. With just 330 employees, it has 1.3 million customers and $88 billion in total assets under management. Historically, Wealthfront has catered to tech workers and other well-off Millennials–its average customer is 38 years old and earns more than $100,000 annually.
In the year ending July 31, 2025, Wealthfront’s revenue grew 26% to $339 million, according to its S-1 regulatory filing. Its net profit reached $123 million, a…
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