This analysis describes what Wealthfront's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
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.
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We use encryption to keep your data private while in transit
These choices do not apply to certain informational communications including important information and documentation relating to your account.
We work to protect the security of your personal information during transmission by using encryption protocols and software.
"All transmissions of your Outside Account Information and your login credentials between our service providers and Wealthfront are encrypted in transit.Excerpt from Wealthfront's Privacy Policy
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The clause states: “All transmissions of your Outside Account Information and your login credentials between our service providers and Wealthfront are encrypted in transit.”
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