Wealthfront Corporation (NASDAQ: WLTH)

This investigation is for anyone who acquired securities in Wealthfront Corporation (NASDAQ: WLTH) prior to January 12, 2026.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by failing to tell investors of the importance of the Company’s new home lending business on the Company’s profits.  Also, given that the home lending business is substantially owned by the Company’s CEO, the Company failed to explain to investors how the home lending business allocates profits and losses, whether the CEO can extract dividends or distributions from the home lending business, and whether the Company has any path to increasing its ownership of this division.

On January 12, 2026, Wealthfront released its third quarter 2026 financial results, disclosing significant net deposit outflows of $208 million, a sharp reversal from $874 million in inflows during the prior year period. During the associated earnings call, the Company’s CEO, David Fortunato, attributed the slowdown to the interest rate decline, and emphasized the importance of the firm’s newly launched home-lending business to address this trend. Fortunato also noted he personally owns 95.1% of Wealthfront’s home-lending business and disclosed the Company might “revisit or revise the ownership structure.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Wealthfront Corporation (NASDAQ: WLTH) prior to January 12, 2026 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.