Andy Rachleff

CEO

Wealthfront
Redwood City, California, USA

Wealth Management

Professional Summary

Wealthfront's Mission is to build a financial system that favors people. We are reinventing banking - an industry that is notoriously unfavorable to its customers. We are all familiar with account fees, overdraft fees and getting zero interest on our deposits. Why does the banking industry do this?

The answer is simple: banks are built to benefit banks. As a result the current banking system doesn't put customers and their needs first. Instead banks force you to pay for outdated bank branches you do not use through confusing, hidden, seemingly endless fees. And they pay you nothing or almost nothing on your deposits, even when interest rates are high.

The future of financial services:
In order to favor people, financial service companies will need to build delightful, software-based products. Only through software can you lower the cost of delivering a service enough to make money with your clients and not from them.

Software is also what will allow us to deliver on our bold vision of Self-Driving Money™. Self-Driving Money™ will optimize every dollar you earn and automatically take the most appropriate action based on what’s best for you, not us. Our software will make managing your finances effortless, allowing you to reach financial nirvana. We can’t wait to deliver on this vision and we are grateful to all of you for joining us on our journey.

Learn More

Languages

  • English

Website

Wealthfront

Interests/Hobbies

  • Investing

Experience

Wealthfront
Redwood City, California, USA
CEO
Wealth Management
Co-founder of Wealthfront which provides access to sophisticated investment products that make investing easier and better for more people.
Stanford Graduate School of Business
Stanford, California, USA
Lecturer
University/Academic Institution
Responsible for teaching courses on technology entrepreneurship.
Benchmark Capital
Woodside, California, USA
Co-Founder
Venture Capital Firm
Early stage venture capital firm focused on social, mobile and local cloud companies. We believe that great entrepreneurs change the world for the better. Since its founding in 1995, Benchmark has invested in more than 250 early stage startups with a market value exceeding $100 billion. Investments have included eBay, Juniper Networks, MySQL, OpenTable, Yelp, Inc., Zillow, Friendster, JAMDAT, Instagram, Hortonworks, Dropbox, Uber, Twitter, Zipcar, Asana, Quora, Gaikai, Demandforce and DOMO. Benchmark has offices in Menlo Park and San Francisco, California.

Education

MBA
Stanford University Graduate School
Stanford, California, United States
BS, Business
Wharton School of University of Pennsylvania
Philadelphia, Pennsylvania, United States

Click To Write A Review

INCREASE KNOWLEDGE WITH EVERY ISSUE OF TAXCONNECTIONS

 

Learn from tax advisors, straight to your inbox

Update My Email Address
Contact Us Today