Wealthfront Investment Team
Burton Malkiel, PhD, Chief Investment Officer
Dr. Burton G. Malkiel, the Chemical Bank Chairman’s Professor of Economics, Emeritus, and Senior Economist at Princeton University, joined Wealthfront in November 2012 as chief investment officer. Dr. Malkiel is the author of the widely read investment book, A Random Walk Down Wall Street, which helped launch the low-cost investing revolution by encouraging institutional and individual investors to use index funds. Dr. Malkiel, also the author of The Elements of Investing, is one of the country’s leading investor advocates. Before moving to Princeton, where he was also chairman of the Economics Department, Dr. Malkiel was dean of the Yale School of Management and William S. Beinecke Professor of Management Studies from 1981 until 1988. He is a past president of the American Finance Association and the International Atlantic Economic Association. He is also a past appointee to the President’s Council of Economic Advisors. In addition, he serves on the boards of directors and advisory boards of several corporations and is a past board member of Vanguard Group.
Andy Rachleff, Executive Chairman
Andy Rachleff is Wealthfront’s Executive Chairman. He serves as a member of the board of trustees and vice chairman of the endowment investment committee for University of Pennsylvania and as a member of the faculty at Stanford Graduate School of Business, where he teaches courses on technology entrepreneurship. Prior to Wealthfront, Andy co-founded and was general partner of Benchmark Capital, where he was responsible for investing in a number of successful companies including Equinix, Juniper Networks, and Opsware. He also spent ten years as a general partner with Merrill, Pickard, Anderson & Eyre (MPAE). Andy earned his BS from University of Pennsylvania and his MBA from Stanford Graduate School of Business. He has frequently been named to Forbes magazine’s The Midas List as a top tech venture investor.
Jeff Rosenberger, PhD, VP of Customer Development
Jeff leads customer & channel development, our collaboration with our investment advisory board, and the Wealthfront investment seminar program. Jeff joined Wealthfront in early 2010 after working at two enterprise software startups, Nomis Solutions and ProfitLogic (acquired by Oracle in 2005). He also worked briefly at Deloitte Consulting and Salomon Brothers along the way. Jeff holds a PhD in Management Science & Engineering, MS degrees in Operations Research & Statistics from Stanford University and a BA in Statistics from UC Berkeley.
Qian Liu, PhD, CFA, Director of Research
Qian is the lead architect of Wealthfront’s algorithms and methodologies used to implement our portfolio management and tax-optimization software and develops much of our investor research materials. Before joining Wealthfront in 2009, Qian worked on trading and portfolio analytics at Credit Suisse. Qian is a CFA charterholder and member of the CFA Society of San Francisco. Qian earned her MS and PhD in Computer Science focusing on Machine Learning from University of Pennsylvania where she researched computational gene prediction using statistical machine learning models. She received her BS in Computer Science from Tsinghua University.
Charles Ellis, PhD, CFA, Advisor
Charles Ellis was the founder of Greenwich Associates, the international strategy consulting firm. He was the Chairman of the CFA Institute, where he was one of 11 people honored for lifetime contributions to the investment profession. His academic activities include appointments at Harvard Business School and the Yale School of Management to teach the advanced course on investment management, and 20 years on the faculty of the Investment Workshop at Princeton. Charley previously served as a trustee of Yale University, where he chaired the investment committee, as an Overseer of the Stern School of Business at NYU, as a Board Member of the Associates of HBS, and as a director of the Vanguard group. He is the author of 16 books, including Winning the Loser’s Game and with Burton Malkiel, The Elements of Investing. Charley is a graduate of Yale College and earned his MBA from Harvard Business School and his PhD from NYU.
Paul Pfleiderer, PhD, Advisor
Paul Pfleiderer is the C.O.G. Miller Distinguished Professor of Finance at the Stanford University Graduate School of Business and a Professor (by courtesy) at the Stanford Law School. His research is primarily focused on issues arising in financial markets when traders are asymmetrically informed. He has also studied problems in measuring active funds' performance, contracting concerns in venture financing, policy issues related to disclosure requirements, and explanations for the stock market crash of 1987. In addition to his academic research, Paul has consulted for various corporations and banks and has been involved in developing risk models and optimization software for use by portfolio managers. Paul received BA, MPhil, and PhD degrees from Yale University, all in the field of economics.
Meir Statman, PhD, Advisor
Meir Statman is the Glenn Klimek Professor of Finance at the Leavey School of Business, Santa Clara University and Visiting Professor at Tilburg University in the Netherlands. Through his research focused on behavioral finance, Meir attempts to understand how investors and managers make financial decisions and how these decisions are reflected in financial markets. Meir consults with many investment companies and presents his work to academics and professionals in various forums in the US and abroad. Meir received his PhD from Columbia University and his BA and MBA from the Hebrew University of Jerusalem. He is the author of What Investors Really Want: Know What Drives Investor Behavior and Make Smarter Financial Decisions.
Larry Cohen, Advisor
Larry Cohen is the CEO of Seven Bridges Advisors, a firm that provides comprehensive financial advice to endowments and high net worth families. Prior to Seven Bridges Advisors, Larry served as Managing Partner of Ehrenkranz & Ehrenkranz LLP, a boutique financial advisory firm that also serves high net worth individuals and their families. Prior to that, Larry practiced tax law at Milbank, Tweed, Hadley & McCloy and at Shaw, Pitman, Potts & Trowbridge. He also served as law clerk to The Honorable John Garrett Penn, United States District Court for the District of Columbia. Larry currently serves on the Corporation of Brown University and is Chairman of the Brown University Investment Committee. Larry received a J.D. from Harvard Law School and a Sc.B. with Honors in Applied Mathematics from Brown University.