Wealthfront Tops $100 Billion in Platform Assets as Q2 Revenue Reaches $91.9 Million
Wealthfront surpassed $100 billion in total platform assets for the first time in August, ending the month at $100.9 billion, the company said on its fiscal second quarter 2027 earnings call. Total platform assets grew 12% year-over-year to $99 billion at quarter end, with investment advisory assets up 30% year-over-year to $54.1 billion and cash management assets down 4% to $44.9 billion. Revenue for the quarter came in at $91.9 million, up 1% year-over-year, while adjusted EBITDA of $38.1 million was down 15% and reflected a 41% adjusted EBITDA margin. GAAP diluted net income was $17.6 million, or $0.10 a share, and the company repurchased 3.3 million shares for approximately $30 million during the quarter. Wealthfront also said it will complete the transition of its stock investing account to the broker dealer and rename it the Wealthfront Brokerage Account in October, and it plans to enter Washington, Florida, Illinois, and Oregon with Wealthfront Home Lending in the coming months.
Johnson Fistel Investigates Wealthfront Corporation on Behalf of Investors
Johnson Fistel, PLLP is investigating Wealthfront Corporation on behalf of investors who suffered losses, examining whether the losses may be recoverable under federal securities laws. The investigation follows a series of financial disclosures, including a January 12, 2026 report of total net deposits of $1.6 billion for the third quarter of fiscal year 2026, down from $4.4 billion in the prior-year period, which led to a stock price decline of approximately $2.12 per share, or 16.84%, closing at $10.47 per share on January 13, 2026. Subsequent disclosures included negative $360 million in total net deposits for the fiscal fourth quarter of 2026 and, on June 4, 2026, fiscal first quarter 2027 results showing revenue of $90.5 million, up 7% year-over-year, with total platform assets increasing 19% year-over-year, driven by a 39% increase in Investment Advisory Assets compared to only a 3% increase in Cash Management Assets. Wealthfront completed its initial public offering in December 2025, offering 34,615,384 shares at $14.00 per share, and began trading on the Nasdaq Global Select Market under the ticker symbol WLTH on December 12, 2025. Investors who purchased Wealthfront securities and suffered losses are encouraged to contact Johnson Fistel for more information.
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Pomerantz Law Firm Investigates Wealthfront Corporation Over Potential Securities Fraud
Pomerantz LLP is investigating claims on behalf of investors of Wealthfront Corporation concerning whether the company and certain officers or directors engaged in securities fraud or other unlawful business practices. The investigation follows Wealthfront's initial public offering on or around December 12, 2025, of 43.6 million shares priced at $14.00 per share. On January 12, 2026, the company reported third-quarter fiscal 2026 results showing significantly decreased asset outflows, and management cited recent interest-rate cuts as prompting client capital reallocation, after which the stock fell 16.84% to $10.47 per share on January 13, 2026. Then, on June 4, 2026, Wealthfront disclosed first-quarter 2026 results with total net deposits down 69% year over year to $554 million and a lower gross profit margin partly due to startup expenses for Wealthfront Home Lending, causing the stock to drop 14.35% to $9.85 per share on June 5, 2026. Investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, extension 7980.
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Pomerantz Law Firm Investigates Wealthfront Corporation Over Potential Securities Fraud
Pomerantz LLP is investigating claims on behalf of investors of Wealthfront Corporation concerning whether the company and certain officers or directors engaged in securities fraud or other unlawful business practices. Wealthfront conducted its initial public offering on or around December 12, 2025, selling 43.6 million shares at $14.00 per share. On January 12, 2026, the company reported third-quarter fiscal 2026 results showing significantly decreased asset outflows, and its stock fell $2.12 per share, or 16.84%, to close at $10.47 on January 13. Then on June 4, 2026, Wealthfront disclosed first-quarter 2026 results with total net deposits down 69% year over year to $554 million and a lower gross profit margin partly due to startup expenses for Wealthfront Home Lending, causing the stock to drop $1.65 per share, or 14.35%, to close at $9.85 on June 5.
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Wealthfront Launches Tax-Efficient Custodial Account with $100 Seed Funding
Wealthfront Corporation has launched a new Custodial Account designed to help parents save for their child’s future while automatically lowering the child’s tax burden through Tax-Gain Harvesting. The account, which requires a $500 minimum and carries a 0.25% annual advisory fee, invests in a globally diversified portfolio and is one of the only custodial accounts to offer automated tax-gain harvesting that can realize up to $1,350 in tax-free growth each year. To encourage adoption, Wealthfront is offering $100 in seed funding to clients who open and fund either a new Custodial Account or a 529 Education Savings Plan by July 23, 2026. The company noted that clients identified as parents maintain an average of $91,000 across their investment accounts, compared to about $27,000 for those without children, and that 529 account holders doubled their average balance from $30,000 to $60,000 over the past five years. The Custodial Account adds to Wealthfront’s family wealth management suite, which also includes 529 plans and joint and trust accounts, as the firm continues to build products that grow alongside clients through different life stages.
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