Wealth manager, wrap-program sponsor · Palo Alto, CA
Wealthfront Advisers LLC
SEC-registered investment adviser · CRD 148456 · SEC 801-69766
At a glance
Wealthfront Advisers LLC is an SEC-registered investment adviser based in Palo Alto, California, with $47.7 billion in regulatory assets under management as of its Form ADV filed July 23, 2026. Its largest client group by assets is individuals, and it reports 518,600 individual clients. By Form ADV it is a wealth manager (wrap-program sponsor), ranked 47th of 8,915 wealth managers and 448th of 17,210 SEC-registered advisers by assets.
Main office 855-695-8437wealthfront.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $48B
- Rank among wealth managers
- #47 of 8,915
- Rank among all SEC RIAs
- #448 of 17,210
- Rank in California
- #46 of 1,873
- Individual clients
- 518,600
- High-net-worth clients
- 12,784
- Accounts
- 687,493
- Discretionary
- 96% of AUM
- Employees
- 432
- Advisory staff
- 24
- Offices
- 1
Owners and executives on its Form ADV
- Burton G. MalkielChief Investment Officer
- Alan D. ImbermanChief Financial Officer
- Lauren D LinSecretary
- Jonathan F. MatthewsChief Compliance Officer
- David FortunatoChief Executive Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Wealthfront Advisers LLC is a hybrid RIA: 65 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: Wealthfront Brokerage LLC.
- Wealthfront Brokerage LLC ↗CRD 153407
An introducing broker-dealer: its trades clear through RBC Capital Markets, which holds the brokerage accounts. Its annual audited report filed with the SEC, March 2026
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Individuals | 505,816 | $30B | 63% |
| High-net-worth individuals | 12,784 | $17B | 36% |
| Charitable organizations | 21 | $201M | <1% |
| Corporations or other businesses | 18 | $91M | <1% |
Disciplinary disclosures
Wealthfront Advisers LLC answers yes to 3 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
How it’s paid
- A percentage of assets under management
- Other
Form ADV and brochures on the SEC’s adviser search ↗wealthfront.com ↗
AtlasMembers
The full record on Wealthfront Advisers LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 93 peers of its type and size
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- Owners and executives, with titles and stakes
- 5 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Wealthfront Advisers LLC manage?
Wealthfront Advisers LLC reports $47.7 billion in regulatory assets under management across 687,493 accounts, 96% of it on a discretionary basis, on its Form ADV filed July 23, 2026.
What kind of firm is Wealthfront Advisers LLC?
Wealthfront Advisers LLC is a wealth manager by its Form ADV answers. At least half of its regulatory assets are managed for individuals and high-net-worth individuals.
Who are Wealthfront Advisers LLC’s clients?
By assets, its largest client types are individuals ($30.2 billion, 505,816 clients); high-net-worth individuals ($17.2 billion, 12,784 clients); charitable organizations ($201 million, 21 clients).
Does Wealthfront Advisers LLC have any disciplinary history?
Wealthfront Advisers LLC answers yes to 3 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Wealthfront Advisers LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-07-23), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →