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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Request Deletion of your information, subject to certain exceptions prescribed by law.
When you are asked to provide information, you may decline to do so; but if you choose not to provide information that is necessary to provide some of our Services, you may not be able to use those Services.
Your organization may allow you to access and export your data in order to back it up or transfer it to a service outside of Google.
"Users may request deletion of their Outside Account Information in accordance with the "Retention and Deletion" section below.Excerpt from Wealthfront's Privacy Policy
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The clause states: “Users may request deletion of their Outside Account Information in accordance with the "Retention and Deletion" section below.”
ConductAtlas has identified this type of provision across 290 platforms. See the full comparison.
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