Wealthfront announced in June 2014 that it manages more than $1 billion in assets – less than two and a half years since launch. (As a comparison, the company says it took Charles Schwab six years to reach its first $1 billion in assets.) According to Wealthfront, there are over 90 million millennials in the United States with an aggregate net worth of more than $2 trillion, which is expected to grow to $7 trillion by 2018. CNBC reported that Wealthfront has become a “go-to financial investment firm” for this demographic, with employees from Google, Facebook, LinkedIn and Twitter using the service. Additionally, Wealthfront was awarded a 2014 CNBC Disruptor 50.