Wealthfront's Total Platform Assets Surpass $100 Billion, Lakeland Reports Q2 Results
Tech-driven Wealthfront crossed the $100 billion threshold for total platform assets as of August 31. Meanwhile, manufacturing firm Lakeland Fire + Safety reported fiscal second quarter net sales of $50.1 million.
Wealthfront Corporation (Nasdaq: WLTH) announced that its Total Platform Assets reached $99.0 billion at the end of its fiscal second quarter ended July 31, 2026. This figure surpassed the $100 billion milestone as of August 31, according to statements from the company's leadership. Funded client assets grew 14% year-over-year to 1.5 million clients during the period.
Lakeland Industries (Nasdaq: LAKE), a manufacturer of protective apparel, reported fiscal second quarter net sales of $50.1 million for the quarter ended July 31, 2026. The company also disclosed Adjusted EBITDA excluding foreign exchange effects of $2.7 million sequentially compared to $5.1 million in the prior year's same quarter.
Lakeland management is set to host a conference call at 4:30 p.m. Eastern Time. Wealthfront CEO David Fortunato highlighted a product-led growth strategy driving adjusted free cash flow and enhanced family wealth management offerings. Alan Imberman, CFO & Treasurer, emphasized the company's position as a modern wealth manager for digital natives.
