“Wealthfront may also use a subset of Client Personal Information to train, develop, test, deploy, improve, and evaluate AI-powered features and tools ("AI Features").”
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 permits Wealthfront to use Client Personal Information—not just anonymized or synthetic data—across the entire AI development lifecycle, including training and deployment.
The updated policy discloses that Wealthfront uses automated tools, including large language models, to process documents submitted as part of loan applications and prequalification inquiries. The policy states these tools will not be used to make credit decisions, and that data from automated processing may be used for internal improvements but will not be retained or used by external vendors. Loan applicants and prequalification users should review this disclosure to understand how their submitted documents will be processed.
View change record →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.
View change record →A portion of your Personal Information may be used by Wealthfront to build, test, improve, and evaluate its AI features.
How other platforms handle this
...and (b) provide any reasonable information that is relevant to systemic risks assessment and mitigation to Mistral AI to allow Mistral AI to comply with its own obligations under the Applicable AI Laws.
This includes the use of automated, dynamic vetting and scoring analysis tools to identify and take action, as well as human review to supplement our automated abuse prevention.
For example, when you communicate via the messaging platform, Hims & Hers may use AI to (i) help you make changes to your account or (ii) draft responses for customer care or for a qualified licensed healthcare professional to review.
"Wealthfront may also use a subset of Client Personal Information to train, develop, test, deploy, improve, and evaluate AI-powered features and tools ("AI Features").Excerpt from Wealthfront's Privacy Policy
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This clause permits Wealthfront to use Client Personal Information—not just anonymized or synthetic data—across the entire AI development lifecycle, including training and deployment.
A portion of your Personal Information may be used by Wealthfront to build, test, improve, and evaluate its AI features.
ConductAtlas has identified this type of provision across 210 platforms. See the full comparison.
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