Wealthfront reports Q2 revenue of $91.9 million
Wealthfront said fiscal second-quarter revenue rose 1% year over year to $91.9 million. It also said total platform assets increased 12% to $99 billion and investment advisory assets rose 30% to $54.1 billion.
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10:39:27 PM UTC
SquawkNews
Total platform assets grew 12% year-over-year to $99 billion, with strong Investment Advisory growth offsetting a decline in cash management. Revenue rose 1% to $91.9 million, while adjusted EBITDA margin was 41%. New product launches and incentives drove improved client adoption and net deposit tr…
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