Full-Time
Backend Engineer
Wealthfront
201-500 employees
Automated wealth management via robo-advisors
Compensation Overview
$140k - $185k/yr
Palo Alto, CA, USA + 3 more
More locations: Seattle, WA, USA | California, USA | New York, NY, USA
Hybrid
 Software Engineering (1) |
|---|
- 2-6 years of experience in developing backend components, services or APIs in Java or a similar language
- Demonstrated knowledge and understanding of distributed systems and functional programming paradigms
- Knowledge of SQL and experience working with online data stores (ideally MySQL, MariaDB, PostgreSQL, Oracle, MS SQL Server; NoSQL is okay)
- Passion for agile, test-driven development, continuous integration and automated testing; enthusiasm for working on platforms and backend systems with measurable business impact and in a fast paced cross functional environment
- Experience with Spark pipelines is a plus along with knowledge of an ORM technology such as Hibernate; another plus is working with a dependency injection framework (Guice, Spring, Pico, Dagger)
- BS or MS in computer science or related field
- Design and build new features or enhance existing features for Wealthfront’s backend systems and services, with automated instrumentation and monitoring to require minimal operational maintenance
- Help improve the maintainability and stability of the codebase by fixing issues and adding necessary enhancements to existing backend systems
- Ensure mission critical backend systems and services operate smoothly in production by triaging and resolving operational issues as part of a team of on-call engineers
- Proactively identify opportunities for improving the reliability and scalability of the systems
- Possibly participate in recruiting activities such as interviewing and attending career fairs and providing mentorship to other engineers on the team
- Experience with Spark pipelines
- Knowledge of an ORM technology such as Hibernate
- Experience with a dependency injection framework (Guice, Spring, Pico, Dagger)
Wealthfront uses robo-advisors to automatically manage and rebalance clients' portfolios for long-term growth through an online platform. It also offers a high-yield cash account via partner banks, a diversified bond portfolio with dividends and tax advantages, and a stock discovery/trading platform for quick equity investments. Revenue comes from advisory fees deducted from investment returns, aligning the platform’s earnings with client results. Its aim is to provide accessible, automated financial tools that make saving, investing, and growing wealth straightforward for individuals.
Company Size
201-500
Company Stage
IPO
Headquarters
Palo Alto, California
Founded
2011
Simplify's Take
What believers are saying
- Cash accounts generate 75% of $365 million 2026 revenue at 46% EBITDA margins.
- Mortgage and lending expansions diversify beyond rate-sensitive cash products.
- $100 million share repurchase signals confidence with $454 million cash reserves.
What critics are saying
- Federal Reserve rate cuts compress 75% revenue from cash account spreads.
- Investor lawsuit over mortgage risks triggers regulatory scrutiny and selloffs.
- Q4 2026 $133.7 million loss from credit costs erodes profitability.
What makes Wealthfront unique
- Automated tax-loss harvesting boosts after-tax returns for $93 billion in assets.
- Quantitatively rebalanced portfolios target Millennials and Gen Z investors.
- Capital-light model achieves $200 million assets per employee with 400 staff.
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Benefits
Free lunches, snacks, coffee
Receive 1:1 mentorship
Caltrain pass, an additional transportation stipend, and relocation bonuses
Monthly wellness reimbursement
Discretionary time off policy and offer 16 weeks of paid parental leave
Comprehensive medical, dental and vision coverage
Growth & Insights and Company News
6 month growth
↑ 2%1 year growth
↑ 5%2 year growth
↑ 6%Wealthfront Corp has received a reiterated Market Outperform rating from Citizens with a $17 price target following a fireside chat with company executives. The digital financial platform enables users to invest, borrow and manage funds. The company reported fiscal Q4 2026 revenue of $96.1 million, up 16% year-on-year, with adjusted EBITDA of $44.2 million at a 46% margin. Full-year revenue reached a record $365 million, rising 18%. Wealthfront closed the fiscal year with $453.8 million in cash and its board approved a $100 million share repurchase programme. Citizens analysts highlighted Wealthfront's positioning for long-term client relationships and noted significant opportunity to capture a larger share of clients' wallets. The company comprises 0.28% of George Soros's stock portfolio.
Wealthfront reported a fiscal fourth-quarter loss of $133.7 million, or $1.31 per share, with revenue of $96.1 million. The Palo Alto-based investment manager posted a full-year loss of $42.1 million, or 76 cents per share, on revenue of $365 million.
A securities law firm has launched an investor lawsuit investigation into Wealthfront following its first post-IPO earnings release. The review examines potential conflicts of interest and risk disclosures related to the company's expansion into mortgages. The investigation focuses on how the mortgage initiative affects asset flows, revenue mix and board oversight. Wealthfront, an automated investing platform, has been expanding into mortgages as part of a broader push to become a multiproduct financial hub covering investing, banking and credit. At $8.49 per share, Wealthfront's stock trades 46% below the analyst target of $15.67. Simply Wall St flags the stock as trading 96.8% above its estimated fair value. The company reported $351.5 million in revenue with 35.2% margins, though profit margins have declined year-on-year alongside significant insider selling.
Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums), is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. The SCOOP ratings should not be taken as investment advice. The rating merely reflects the opinion of the professionals at the time of publication and is subject to last-minute changes due to market conditions, changes in a specific offering and other factors, such as changes in the proposed offering terms and the shifting of investor interest in the IPO. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy.
Wealthfront priced its initial public offering at $14 per share, becoming the first publicly traded robo-advisor. The stock indicated to open at $15.50, representing an 11% potential gain from its IPO price, and will trade on Nasdaq under the symbol WLTH. The Palo Alto-based company manages $90 billion in platform assets, with just over half in its high-yield cash savings offering. Cash management accounts for 76% of revenue, whilst investment advisory makes up 24%. Wealthfront generated $339 million in revenue and $123 million in net income for the 12 months ending 31 July, achieving a 36% net income margin. The company serves roughly 1.3 million customers, primarily Millennials and Gen Z investors, charging 0.25% annually on assets under management. However, falling interest rates could pressure its cash management revenue.