00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Wealthfront filed for a U.S. IPO on Monday, joining fintech firms like Chime and Klarna
00:07in this year's first wave of public listings, according to CNBC.
00:10Startup made its IPO filing public Monday,
00:13signaling plans to begin a roadshow ahead of a likely listing in the coming weeks.
00:16Wealthfront reported $88.2 billion in assets and $194.4 million in net income for fiscal 2025,
00:23with 1.3 million customers served as of July 31st.
00:26Founded in 2008, Wealthfront helped pioneer the robo-advisor category alongside Betterment,
00:31using algorithms to automate investment decisions.
00:34Big banks like Morgan Stanley and Bank of America later introduced their own robo-platforms to compete.
00:39Wealthfront said its clients are mainly digital-native high-earners
00:41with substantial savings, long-term horizons, and resilience to market downturns.
00:46For all things money, visit Benzinga.com.
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