Wealthfront Gets $35M More For Automated Investment Management

Palo Alto-based Wealthfront, which provides an automated, investing service aimed at rebalancing index funds for investors at a very low cost, has raised $35M more in a funding round. The funding came from Index Ventures, Ribbit Capital, The Social+Capital Partnership, Greylock Partners, and DAG Ventures. According to the company, it now manages over $800M in client assets. The company is led by Adam Nash. The company says its is looking to give mainstream investors access to wealth management services previously available only to wealthy individuals. More information »