The Palo Alto robo-advisor reported net profit of $123 million on $339 million in revenue over the past year. Wealthfront CEO David Fortunato joined the company in 2009 as its third employee.
The devastating announcement came on September 2, 2022: Swiss banking giant UBS was scrapping its eight-month-old agreement to acquire Palo Alto robo-advisor Wealthfront for a rich $1.4 billion. UBS’ ...
Wealthfront Corp.shares closed higher in its trading debut, after the company and some of its shareholders raised $484.6 million in an initial public offering.
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