“Because of separate collection and record keeping requirements imposed on Wealthfront, deletion requests by those who qualify as Clients generally cannot be accommodated.”
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
California residents who are Wealthfront Clients are on notice that their deletion rights are generally unavailable due to regulatory obligations, substantially limiting a key California privacy right.
Interpretive note: The word 'generally' preserves the possibility of accommodating some deletion requests in undefined circumstances. The clause appears in a California-specific section, though the record-keeping rationale may apply more broadly.
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 qualify as a Wealthfront Client, your request to delete your personal data generally cannot be fulfilled.
How other platforms handle this
Patreon stores your personal data until it is no longer necessary to provide our services, or until you ask us to delete it.
Those posts and profile information may remain on such sites even after you delete your account.
At the end of the retention period, personal information will be deleted, destroyed, or deidentified.
"Because of separate collection and record keeping requirements imposed on Wealthfront, deletion requests by those who qualify as Clients generally cannot be accommodated.Excerpt from Wealthfront's Privacy Policy
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California residents who are Wealthfront Clients are on notice that their deletion rights are generally unavailable due to regulatory obligations, substantially limiting a key California privacy right.
If you qualify as a Wealthfront Client, your request to delete your personal data generally cannot be fulfilled.
ConductAtlas has identified this type of provision across 267 platforms. See the full comparison.
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