Wealthfront updated its privacy policy effective June 2, 2026 to clarify how it collects personal information about minors and to disclose its use of client data to train and develop AI-powered features. The prior policy stated the company does not knowingly solicit personal information directly from minors under 18; the updated policy now explicitly states that it may collect information about minors when adult account holders designate them as beneficiaries, or when custodians provide information during account opening, while clarifying the company does not have actual knowledge of collecting information directly from minors themselves. The policy also adds new language stating that AI features may be trained using client personal information and disclaiming that AI outputs constitute investment advice or are guaranteed to be accurate.
Consumers: If you are a Wealthfront client, the company may use your personal information to build and test AI tools, and you should know this is happening.
Parents and guardians: If you set up an account for a minor beneficiary, Wealthfront may collect information about that minor; this collection is now explicitly disclosed rather than treated as an exception.
Parents and guardians: The process for requesting deletion of a minor's information remains available, but the language has been streamlined; parents should still contact support@wealthfront.com if they learn their child directly provided personal information.
The updated policy establishes that Wealthfront may collect personal information about minors when adult account holders designate them as beneficiaries or when custodians provide information during account opening. The policy clarifies that the company does not have actual knowledge of collecting information directly from minors themselves. Additionally, the revised terms disclose that the company may use client personal information to train, develop, and improve AI-powered features, which may be tested with employees or released to clients. The policy states that AI feature outputs are provided for informational purposes only and do not constitute investment advice, and that Wealthfront makes no representation that such outputs are accurate, complete, or suitable for any purpose. If you become aware your child has directly provided information to Wealthfront without your consent, you may contact support@wealthfront.com to request deletion.
→ Review the updated privacy policy to understand how your personal information may be used to train AI features.
→ If you have designated a minor as a beneficiary, review the policy's clarification that personal information about the minor may be collected during account setup.
→ If you receive AI-generated outputs from Wealthfront, treat them as informational only and not as investment advice or financial recommendations.
Wealthfront may use client personal information to train, develop, test, and improve AI-powered features without separate consent.
Company may collect personal information about minors when designated as beneficiaries by adult account holders or when custodians provide information during account setup.
AI-generated outputs are disclaimed as informational only, not investment advice, and not guaranteed to be accurate or suitable.
This change record describes what was added, removed, or modified in the document. Analysis reflects what the updated agreement states or permits. It does not constitute a legal determination about enforceability. Applicability may vary by jurisdiction. Methodology
Wealthfront's updated privacy policy adds two material disclosures effective June 2, 2026: (1) clarification that personal information about minors may be collected when adult account holders designate minors as beneficiaries or custodians provide information during …
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