Wealthfront

The fintech firm's plans could herald an increase in public filings after a protracted lull in IPOs.

The Swiss bank's cancelled $1.4 billion acquisition of the robo-advisor means extra money for shareholders.

The firm is the first service that makes it possible to gain exposure to cryptocurrency as part of a diversified portfolio with automation features.

It’s a significant pivot for the robo advisor, which has historically advocated passive, ETF-driven investing.

Without market-leading, high-yield savings accounts, cash management at Betterment and Wealthfront isn’t as attractive as it was in 2019.

Wealthfront gives users more control over their money with automatic transfers to savings accounts or ETFs.

The boost in accounts has helped compensate for withdrawals by investors who need cash.

Many wealth management trends never caught on. This one is no passing fad, however.

“It’s no longer about coming to market and getting funding with some kind of novel pitch and seeing if it sticks,” says an industry analyst.

In a session at the In|Vest West conference, Rachleff revealed the digital firm’s ambitious plans to take on big banks.