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.
View change record →How other platforms handle this
If you do not have a social security number you may still be eligible to open a limited Revolut personal account.
Don't share your account credentials or give others access to your account.
Use another user's account or share your account with another person;
"Your choices will apply to everyone on your account.Excerpt from Wealthfront's Privacy Policy
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The clause states: “Your choices will apply to everyone on your account.”
ConductAtlas has identified this type of provision across 265 platforms. See the full comparison.
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