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
Account closure is established as the only mechanism for opting out of ongoing Personal Information collection, meaning there is no lighter-touch opt-out available while maintaining an account.
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 want to stop providing Wealthfront with your Personal Information, you must close your account; there is no opt-out that preserves account access.
How other platforms handle this
We may also collect and use personal information with your consent...You can revoke your consent at any time (mostly through our services directly), though note that you might not be able to use any service or feature...
The right to notice. You have the right to be notified which categories of Personal Data are being collected and the purposes for which the Personal Data is being used.
In certain circumstances, the right to data portability, which means that you can request that we provide certain Personal Data we hold about you in a machine-readable format
Monitoring
Wealthfront has changed this document before.
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"Clients and Users must close their account(s) in order to opt out of further providing Wealthfront with Personal Information.— Excerpt from Wealthfront's Wealthfront Privacy Policy
Ad personalization controls removed. Contact scanning added. Advertiser data partnerships quietly dropped. A timeline of every change.
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Account closure is established as the only mechanism for opting out of ongoing Personal Information collection, meaning there is no lighter-touch opt-out available while maintaining an account.
If you want to stop providing Wealthfront with your Personal Information, you must close your account; there is no opt-out that preserves account access.
ConductAtlas has identified this type of provision across 291 platforms. See the full comparison.
No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by Wealthfront.