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"Wealthfront, the 'pioneer of robo-advisors,' has assets under management of $92.8 billion, with revenue hitting a record high amid the US stock bull market."

"Wealthfront, the 'pioneer of robo-advisors,' has assets under management of $92.8 billion, with revenue hitting a record high amid the US stock bull market."

The US stock bull market is driving performance growth in the robo-advisor industry. On January 12, the first listed robo-advisor company—Wealthfront—released its quarterly financial report for the period ending October 31, showing net profit of $30.9 million, a 3% year-over-year increase; record revenue of $93.2 million,
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