As Wealthfront becomes a publicly traded company today, I want to thank you for helping us get here. We could not have reached this milestone without the trust and support of our clients. Your hard work and smart financial decisions have been the source of our success, and creating products for clients like you is why I joined Wealthfront over 16 years ago.
Now, as we embark on this next chapter, our continued commitment is to you and your financial success. This commitment is directly linked to our business model, which is designed so our incentives are aligned with helping clients build wealth. Instead of relying on transactions, hidden fees, or expensive human advisors, we earn revenue when clients grow their assets with us. This incentive structure sets us up to deliver on our core mission: building high-quality, low-cost products that earn your trust.
Becoming a public company will not change our business model, or our focus on low fees, and putting clients first. We will continue using software to deliver the value you expect: a high APY, free money movement, and academically validated strategies. What we intend to change is our pace of product expansion and ecosystem improvement. We can do more to serve your needs, and I believe this step will accelerate our progress.
In the coming months, we expect to launch improved self-directed investing, better joint finance management, and expanded access and features for Wealthfront Home Lending, our new technology-driven mortgage experience. As your goals change, we look forward to evolving how we help you achieve them – across saving, investing, lending, and planning.
Thank you again for building wealth with us. We’re honored that you have trusted us to support your financial journey. We are excited to continue building excellent products that deliver value to you for decades to come.
Disclosure
This post is for informational purposes only and does not constitute an offer, solicitation, or recommendation to buy or sell any security. Investment management and advisory services are provided by Wealthfront Advisers LLC, an SEC-registered investment adviser. Brokerage products are provided by Wealthfront Brokerage LLC, Member of FINRA/SIPC. All mortgage products are offered by Wealthfront Home Lending, LLC NMLS 2358115.
About the author(s)
David Fortunato is Wealthfront’s Chief Executive Officer. He joined Wealthfront in 2009 as the company’s inaugural CTO and was instrumental in launching the company to its first clients in 2011. Previously to his role as CEO, David was the President of Wealthfront. David holds a BS in computer science and economics from Amherst College. View all posts by David Fortunato