Company: WLTH
Filing Date: 2025-09-23
Form Type: DRS/A
Source: 0001524566-25-000011
Chunk: 162

Company: WEALTHFRONT CORP
Filing Date: 2025-09-23
Form: DRS/A
Chunk 162
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 | $    |                        58.3 |   |     | $    |   68.9 |   |     | $        |  10.5 |   |     |          | 18 | % |     | $    |                     108.7 |   |     | $    |  133.1 |   |     | $        |   24.4 |   |     |          | 22 | % |
| Annualized cash management fee rate(2)                              |     |      |                        0.64 | % |     |      |   0.60 | % |     |          | -0.03 | % |     |          | -5 | % |     |      |                      0.65 | % |     |      |   0.60 | % |     |          |  -0.04 | % |     |          | -7 | % |

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(1) Average balance rows represent the simple average of the beginning of period and end of period balances.

(2) Annualized cash management fee rate is calculated by annualizing revenue for the given period and dividing by the applicable average asset balance.

Cash management revenue increased by $10.5 million, or 18%, and $24.4 million, or 22%, for the three and six months ended July 31, 2025, respectively, compared to the same periods in the prior year. The increase in cash management revenue was primarily attributable to a 29% increase, year over year, in the daily average balance of cash management assets.

Investment Advisory

Investment advisory revenue increased by $4.2 million, or 23%, and $7.6 million, or 22%, for the three and six months ended July 31, 2025, respectively, compared to the same periods in the prior year. The increase in investment advisory revenue was primarily driven by a 25% increase in the daily average balance of investment advisory assets.

Other Revenue

Other revenue decreased by approximately $1.1 million, or 84%, and $2.3 million, or 80%, for the three and six months ended July 31, 2025, respectively, compared to the same periods in the prior year. The decline in other revenue was primarily due to discontinuing a product offering in November 2024. Additionally, a strategic decision was made in June 2024 to reduce the client borrowing rate for PLOC. This