{"id":15921,"date":"2022-09-02T13:30:11","date_gmt":"2022-09-02T20:30:11","guid":{"rendered":"https:\/\/canary.kcprod.info/blog\/?p=15921"},"modified":"2022-09-02T14:09:34","modified_gmt":"2022-09-02T21:09:34","slug":"our-plans-to-remain-an-independent-company","status":"publish","type":"post","link":"https:\/\/canary.kcprod.info/blog\/our-plans-to-remain-an-independent-company\/","title":{"rendered":"Our Plans to Remain an Independent Company"},"content":{"rendered":"\n<p>Today we announced that together with UBS we decided to terminate our pending acquisition and will instead remain an independent company. We are continuing to explore ways to work together in a partnership and UBS has given us $69.7 million in financing at a $1.4 billion valuation. I am incredibly excited about Wealthfront\u2019s path forward as an independent company and am proud to share that thanks to the hard work of our team and the trust you put in us, we will be cash flow positive and EBITDA profitable in the next few months.\u00a0<\/p>\n\n\n\n<p>Seeing the impact Wealthfront has had on the financial services industry has been an incredibly humbling experience. There\u2019s no doubt in my mind that we have pushed this industry to do better for the individual investor. While each year we get closer to achieving the mission we were founded on \u2014 democratizing access to sophisticated financial advice \u2014 there is still more work to do.&nbsp;<\/p>\n\n\n\n<p>In light of today\u2019s challenging economic environment, it is more important than ever that we are here to help you navigate the landscape so you can reach your long term financial goals. With this fresh round of funding under our belt along with the ability to begin self-funding the business, we are committed to building a lasting company that positively impacts the lives of our clients for decades to come.&nbsp;<\/p>\n\n\n\n<p>That\u2019s our promise to you and I can\u2019t wait for you to see what we\u2019ll be launching in the months ahead. Thank you all for continuing on this journey with us.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today we announced that together with UBS we decided to terminate our pending acquisition and will instead remain an independent company. We are continuing to explore ways to work together in a partnership and UBS has given us $69.7 million in financing at a $1.4 billion valuation. I am incredibly excited about Wealthfront\u2019s path forward [&hellip;]<\/p>\n","protected":false},"author":10003,"featured_media":14327,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1360],"tags":[],"coauthors":[2446],"class_list":["post-15921","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-product-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Our Plans to Remain an Independent Company | Wealthfront<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/canary.kcprod.info/blog\/our-plans-to-remain-an-independent-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Our Plans to Remain an Independent Company | Wealthfront\" \/>\n<meta property=\"og:description\" content=\"Today we announced that together with UBS we decided to terminate our pending acquisition and will instead remain an independent company. 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