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 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 →How other platforms handle this
Baseten shall notify Customer if it engages a new Sub-Processor at least fifteen (15) days prior to the date on which the new Sub-Processor will commence processing Customer Personal Data...
To the extent the law allows it, we will attempt to provide you with prior notice before disclosing your information in response to such a request.
as such disclosure may be required by the order or requirement of a court, administrative agency or other governmental body, subject to the Receiving Party providing to the Disclosing Party reasonable written notice...
"Before we use Personal Information for any new purpose we will provide information regarding the new purpose.Excerpt from Wealthfront's Privacy Policy
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The clause states: “Before we use Personal Information for any new purpose we will provide information regarding the new purpose.”
ConductAtlas has identified this type of provision across 267 platforms. See the full comparison.
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