Wealthfront's Investment Advisory Assets Jump 33% YoY to $54.3B in June, Total Deposits Fall
WLTH sits 32% above its 52-week low of $7.2.
Summary
Wealthfront reported June 2026 monthly metrics, showing Total Platform Assets grew 14.6% year-over-year to $99.1 billion. This growth was primarily driven by Investment Advisory Assets, which surged 33.3% year-over-year to $54.3 billion, and a 15.1% year-over-year increase in Funded Clients to 1.49 million. However, Total Net Deposits for June were $164 million, a significant drop from prior periods, with Cash Management Net Deposits turning negative. This update provides more recent operational data following the Q1 2027 results that showed strong asset growth but a decline in net income. The robust growth in higher-margin Investment Advisory assets and client base is positive, but the overall slowdown in net deposits, especially in cash management, warrants attention.
At the time of this announcement, WLTH was trading at $9.47 on NASDAQ in the Finance sector, with a market capitalization of approximately $1.4B. The 52-week trading range was $7.20 to $14.75. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.