Company: WLTH
Filing Date: 2025-07-28
Form Type: DRS/A
Source: 0001628279-25-000486
Chunk: 12

Company: WEALTHFRONT CORP
Filing Date: 2025-07-28
Form: DRS/A
Chunk 12
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 able to successfully attract assets that were previously held at traditional banks. In fiscal 2025, clients transferred over $40 billion of assets via ACH to Wealthfront, a 34% increase from the prior year. The majority of these assets, funding both cash management and investment advisory products, were transferred from accounts at U.S. banks, highlighting the appeal of our platform over legacy alternatives.

We will deepen our engagement with digital natives by offering new products tailored to their current and future needs. As a product-led, technology-driven platform, our strategic goal is to continue to expand our product suite to offer compelling solutions to our clients at each stage of their financial and personal lives. Among the products we contemplate developing over time are mortgage products and additional credit and investment products.

#### Our Clients
We built Wealthfront to evolve with our clients.

Our clients are primarily digital-native wealth builders who started saving early in life and at a high rate. They are focused on long-term investing principles, even during periods of market volatility. We support our clients through every stage of life, from early career to major life milestones. Our products and offerings evolve with their needs, offering increasingly sophisticated financial solutions over time, such that our clients don’t feel the need to leave our platform. For each of fiscal 2024 and fiscal 2025, our annual client retention rate was over 95% and our annual net revenue retention was greater than 120% for each of the last eleven fiscal years.

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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.

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