“By choosing to use our Services to aggregate and analyze your Outside Account Information, you expressly authorize and direct Wealthfront, on your behalf, to access all Outside Account Information available via the login credentials you provide.”
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 act of choosing to use the aggregation service is framed as an express authorization for Wealthfront to access the full scope of Outside Account Information accessible via the provided credentials.
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 →If you use Wealthfront's aggregation and analysis Services, you are expressly authorizing Wealthfront to access all Outside Account Information reachable through the login credentials you supply.
How other platforms handle this
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"By choosing to use our Services to aggregate and analyze your Outside Account Information, you expressly authorize and direct Wealthfront, on your behalf, to access all Outside Account Information available via the login credentials you provide.Excerpt from Wealthfront's Privacy Policy
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The act of choosing to use the aggregation service is framed as an express authorization for Wealthfront to access the full scope of Outside Account Information accessible via the provided credentials.
If you use Wealthfront's aggregation and analysis Services, you are expressly authorizing Wealthfront to access all Outside Account Information reachable through the login credentials you supply.
ConductAtlas has identified this type of provision across 258 platforms. See the full comparison.
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