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 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.
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"Wealthfront may share your Personal Information among affiliated Wealthfront entities (including entities under direct or indirect common ownership or control) in connection with the provision of Services to Clients and Users.Excerpt from Wealthfront's Privacy Policy
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The clause states: “Wealthfront may share your Personal Information among affiliated Wealthfront entities (including entities under direct or indirect common ownership or control) in connection with the provision of Services to Clients and Users.”
ConductAtlas has identified this type of provision across 288 platforms. See the full comparison.
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