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
This clause places a time-bound destruction obligation on vendors handling biometric data, limiting how long that sensitive category of data may be retained in the identity-verification supply chain.
Interpretive note: The clause uses the phrase 'potential biometric data,' which introduces ambiguity about whether the data in question is definitively biometric. The destruction obligation runs to vendors by contract, not directly to Wealthfront as a self-executing retention rule.
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.
View change record →Biometric data collected for your identity verification must be destroyed by Wealthfront's vendors no later than 90 days after collection.
How other platforms handle this
Any biometric data we collect from you will be deleted within 48 hours and will be used for the purpose of enabling you to see yourself wearing virtual eyeglass frames.
If you decide to delete your Profile, it will no longer be visible to other Grindr users and your personal information will generally be deleted within 28 days.
If you delete your account, we aim to delete your personal information from our servers within 30 days.
"We require our third-party vendors who support identity verification to agree to destroy any potential biometric data that is created or gathered for purposes of verifying your identity no more than ninety (90) days after its collection.Excerpt from Wealthfront's Privacy Policy
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This clause places a time-bound destruction obligation on vendors handling biometric data, limiting how long that sensitive category of data may be retained in the identity-verification supply chain.
Biometric data collected for your identity verification must be destroyed by Wealthfront's vendors no later than 90 days after collection.
ConductAtlas has identified this type of provision across 274 platforms. See the full comparison.
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