Just over a year after joining Wealthfront as Chief Operating Officer, Adam Nash has been tapped to succeed founder Andy Rachleff as President and CEO. Rachleff will take on the position of Chairman.
Adam Nash has a diverse background in engineering, product management and strategy, and venture capital. Educated at Stanford and Harvard Business, he has held executive positions at LinkedIn, eBay and Atlas Venture, the latter an early stage venture capital firm. Adam blogs about technology and finance at his personal website, Psychohistory, at blog.adamnash.com.
What’s interesting about the pick is that Rachleff says he saw a CEO in Nash from the very beginning. Rachleff wrote about the announcement on his blog, “In fact, I actually wanted Adam to join as CEO, but he felt the infrastructure we needed to build would require his full attention in the short term.”
We now know what was meant by “short term.” Nash takes the helm of the company at a time when Wealthfront is experiencing significant growth. The alternative investment advisory industry in general, particularly online advisory, also has attracted the attention of mainstream media like the Wall Street Journal and CNN, which named Wealthfront among its 15 best financial websites and apps.
Wealthfront was founded as “kaChing” in 2008, and has since grown into one of the major onine investment advisory services, with more than $500 million in assets. One of Finovate’s earliest alumni, the company is headquartered in Palo Alto, California.