Wealthfront Platform Assets Dip 2.1% MoM to $93.2B, Net Deposits $596M
Wealthfront reported platform assets of $93.2 billion at end-March, down 2.1% from February but up 14.5% year-over-year, with total net deposits of $596 million comprising $244 million in cash management and $352 million in investment advisory. Cash management assets rose 0.5% month-on-month to $45.5 billion, while investment advisory assets fell 4.5% to $47.7 billion.
1. Platform Asset Trends
Wealthfront ended March with platform assets of $93.2 billion, a 2.1% decrease from February and a 14.5% increase year-over-year, reflecting investor flows and market performance.
2. Cash Management and Investment Advisory
Cash management assets rose 0.5% month-on-month to $45.5 billion and grew 2.6% year-over-year, while investment advisory assets declined 4.5% to $47.7 billion but posted a 28.8% annual increase.
3. Net Deposit Breakdown
Total net deposits reached $596 million in March, including $244 million in cash management net inflows and $352 million in investment advisory net inflows, compared with $271 million total in February.
4. Client Growth
Funded clients climbed to 1.443 million, up 1.0% from February and 15.8% year-over-year, underscoring ongoing customer acquisition and platform adoption.