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 informs Clients that regulatory obligations override data deletion requests, meaning Client Personal Information will generally be retained regardless of a deletion request.
Interpretive note: The word 'generally' preserves the possibility of exceptions in undefined circumstances.
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 →If you are a Wealthfront Client, your Personal Information generally cannot be deleted at your request due to Wealthfront's regulatory recordkeeping obligations.
How other platforms handle this
We will keep the personal information we collect about you for as long as necessary to carry out the purposes set forth in this Privacy Notice...but no longer than as required or permitted under applicable law or internal Walmart policy.
If the disclosing party sends a written request, the receiving party will promptly return or destroy all Confidential Information received from the disclosing party, together with copies, except that a party may retain archival copies in accordance with its document retention policy or as required b...
We may retain your Personal Data for a period of time consistent with the original purpose of collection...or as long as required to fulfill our legal and/or regulatory obligations.
"In connection with separate regulatory recordkeeping obligations imposed on Wealthfront, we generally must maintain and cannot delete Personal Information associated with our Clients.Excerpt from Wealthfront's Privacy Policy
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This clause informs Clients that regulatory obligations override data deletion requests, meaning Client Personal Information will generally be retained regardless of a deletion request.
If you are a Wealthfront Client, your Personal Information generally cannot be deleted at your request due to Wealthfront's regulatory recordkeeping obligations.
ConductAtlas has identified this type of provision across 274 platforms. See the full comparison.
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