Wealthfront updated its privacy policy effective June 2, 2026, making three material changes. First, it revised language about minors: instead of stating services are not available to minors, it now clarifies that only adults may use the services directly, but also discloses that it may collect personal information about minors when adult account holders designate them as beneficiaries or when custodians provide information during account opening. Second, it removed the phrase 'without your consent' from the parental notification clause, meaning parents should contact Wealthfront if their child provides personal information directly, regardless of consent status. Third, it added new disclosure about AI-powered features: Wealthfront may use client personal information to train, develop, test, and improve AI features that may be made available to employees and clients, with a disclaimer that AI outputs are informational only and not investment advice.
Consumers: Wealthfront tells you that your data may be used to train AI tools, and those tools may be used by employees or released to customers.
Consumers: Wealthfront clarifies that it collects information about minors in specific circumstances (beneficiary designation and custodial account opening) and does not have direct knowledge of collecting from minors themselves.
Parents: Parents should notify Wealthfront if they learn their child has directly provided personal information; the policy no longer conditions this on whether consent was given.
The updated policy discloses 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 also states that Wealthfront uses client personal information to train, develop, test, and improve AI-powered features that may be made available to employees and clients; the policy clarifies that outputs from these AI features are informational only and do not constitute investment advice or recommendations. The revised parental notification clause removes the phrase 'without your consent,' meaning parents should contact Wealthfront if they become aware their child has directly provided personal information, regardless of whether consent was given.
→ 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 disclosure about collection of minor personal information.
→ Contact Wealthfront at support@wealthfront.com if you believe your child has directly provided personal information without authorization.
Policy now states Wealthfront may use client personal information to train, develop, test, and improve AI features made available to employees and clients.
Policy now discloses collection of personal information about minors from adult account holders and custodians, while stating Wealthfront does not have actual knowledge of collecting directly from minors.
Policy clarifies that AI feature outputs are informational only and do not constitute investment advice, research, or recommendations.
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
Wording edits to this record that do not change what it claims. Changes to a claim are published as corrections.
Wealthfront revised its privacy policy to disclose two material practices: collection of personal information about minors from adult account holders and custodians, and use of client personal information to train AI features. The minor data …
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Wealthfront updated its Privacy Policy effective date from June 2, 2026 to June 26, 2026 and added a new section …
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