WLTH platform assets rise 12% year-over-year to $99B
WLTH said total platform assets grew 12% year-over-year to $99 billion. Revenue rose 1% to $91.9 million, and adjusted EBITDA margin was 41%, with Investment Advisory growth offsetting a decline in cash management.
Total platform assets increased 12% year-over-year to $99 billion, with Investment Advisory growth offset by a decline in cash management. 9 million, and adjusted EBITDA margin was 41%. Continued product innovation and incentives supported client engagement and asset growth.