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I am not sure. Their web page doesn't work very well. The one chart I could spot doesn't seem to show September '15, and it stops at $2 billion. The bigger pro
by nanis 11y ago
I am not sure. Their web page doesn't work very well. The one chart I could spot doesn't seem to show September '15, and it stops at $2 billion.
The bigger problem with WealthFront is the question of how many paying accounts they have (given that they don't charge for accounts under $10K). Let's say all of the $2.5 billion are paid accounts.
As far as I can understand, they would be collecting about $520,833/month now that they have reached $2.5 billion AUM, assuming all the accounts are paying accounts.
There seems to be a sustainability problem in there somewhere.
- Dmit3000 11y agoYup, the second slide from the bottom shows their CURRENT AUM and it is lower than the number filed in their September 2015 13 F form ($2 billion now vs. $2.5 billion in SEC filing in September 2015). I agree with you about potential sustainability issues - they need to grow their AUM really quickly to justify ~$100 MM in venture capital investments.