Company: WLTH
Filing Date: 2025-06-18
Form Type: DRS
Source: 0001628279-25-000372
Chunk: 12

Company: WEALTHFRONT CORP
Filing Date: 2025-06-18
Form: DRS
Chunk 12
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 the last eleven fiscal years.

Our Clients Are High Earning Net Savers and Wealth Builders

As of January 31, 2025, we had over 1.1 million funded clients who on average reported earning approximately $165,000 per year. This compares to the average earnings of U.S. employees of approximately $64,000 per year reported by the U.S. Bureau of Labor Statistics as of May 2025.

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Our Clients Are in the Wealth Accumulation Phase of Their Lives

As of January 31, 2025, over 77% of our over 1.1 million funded clients were born after 1980 and the average age of our clients is 37 years old. Our clients are approaching their peak earning years and have decades of upcoming financial decisions to make, such as buying homes, saving for their children’s college tuitions, or planning for retirement.

Our Clients Embrace New Technology and Digital Platforms

Our clients have different preferences than previous generations. They are predisposed to a “there’s an app for that” mindset, and expect to be able to access any service seamlessly through digital or mobile channels. They have these same expectations for consumer financial services, and look to solve their needs with technology as their first choice. Accordingly, we are well positioned to capture the growth of their wealth over the long term.

Our Clients Have Long-Term Investing Mindsets, Even During Periods of Market Volatility

During periods of challenging equity markets, our clients typically increase their contributions to our platform. Even in times of negative investment performance, we do not typically see net withdrawals from investing accounts. By adopting Wealthfront, our clients have opted into a passive investment strategy and, thus, adverse market performance does not result in client attrition.

Throughout our history, we have successfully navigated diverse periods of economic uncertainty. This includes four equity market corrections, two of which resulted in sustained bear markets:

• In 2015, doubts about the growth and health of the Chinese economy triggered fears of a potential global economic slowdown;

• In 2018, the market experienced a correction and subsequent bear market when rising interest rates and fears of escalating trade tensions between the United States and other countries led to concerns about economic growth, leading to a decline in the S&P 500 of approximately 20% from September to December 2018;

• In March 2020, the declaration of a global pandemic resulted in widespread economic shutdowns and an approximately 30% drop in the