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Wealthfront Corporation (WLTH) Shareholders Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith continues its investigation on behalf of Wealthfront Corporation (“Wealthfront” or the “Company”) (NASDAQ: WLTH) investors concerning the Company’s possible violations of federal securities laws.

IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN WEALTHFRONT CORPORATION (WLTH), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.

Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.

What Happened?

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, Wealthfront’s stock price fell $2.12, or 16.8%, to close at $10.47 per share on January 13, 2026, thereby injuring investors.

Then, on June 4, 2026, Wealthfront released its first quarter 2026 financial results, revealing total net deposits had continued to markedly decline, falling 69% year over year, to $554 million. The Company further revealed that its gross profit margin was down year over year due in part to “startup expenses associated with Wealthfront Home Lending.”

On this news, Wealthfront’s stock price fell $1.65, or 14.35%, to close at $9.85 per share on June 5, 2026, thereby injuring investors further.

Contact Us To Participate or Learn More:

If you purchased Wealthfront securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:

Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Telephone: (215) 638-4847
Email: howardsmith@howardsmithlaw.com,
Visit our website at: www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Contact Us:
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

Industry:

Law Offices of Howard G. Smith

NASDAQ:WLTH
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Contacts

Contact Us:
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

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