Wealthfront Reports Record Total Platform Assets of $99.1 Billion for June
MT Newswires Live
Jul 08
Wealthfront (WLTH) on Tuesday reported total platform assets reached a month-end record of $99.1 billion at the end of June, up 15% year-over-year and roughly flat from May, driven by investment advisory net deposits.
Asset-weighted cross-product adoption rose to more than 63% at June-end, the company said.
Total net deposits for June were $164 million, comprising investment advisory net deposits of $399 million and cash management net deposits of negative $235 million.
Funded clients rose 15% year-over-year to 1.49 million at the end of June.
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