This promotional offer is available only to current clients of Wealthfront Advisers LLC (“Wealthfront Advisers”)(e.g., persons who currently have an open Wealthfront Advisers investment account) who have never opened or held a Wealthfront Cash Account but who are eligible to do so (“Eligible Clients”). If you are an Eligible Client and open a new Wealthfront Cash Account (a “Cash Account”) with Wealthfront Brokerage LLC (“Wealthfront Brokerage”) via this offer, you can receive a 0.50% APY increase over the then-applicable standard APY (a “Promotional Boost”) on the balance in your Cash Account for three months (on up to an maximum aggregate eligible balance of $250,000 across all Cash Accounts you open), if the applicable requirements set forth below are satisfied. In addition, participation in this promotion automatically qualifies you for three concurrent months of the Wealthfront Advisers Fee Waiver Promotion, on the terms and conditions set forth below.
To receive the Promotional Boost, an Eligible Client must successfully open a new personal Cash Account prior to the expiration of the promotion, after first clicking on the “Open a Cash Account” or “Learn More” button on the promotion landing page or in a promotional email from Wealthfront Advisers. The new Cash Account must be funded within 30 days after account opening. If you are an Eligible Client and you complete these steps, you will begin receiving the Promotional Boost on the first $250,000 of your total Cash Account balance and interest will start accruing within 24 hours after your Cash Account has been funded. You will continue to receive the Promotional Boost for three (3) months from that date (the “Promotional Boost Period”). If you open additional personal Cash Accounts during the Promotional Boost Period, you will receive the Promotional Boost on the balance in your additional personal Cash Accounts up to the maximum aggregate eligible balance of $250,000 across all Cash Accounts you open, but your Promotional Boost Period will be measured from the date on which your first Cash Account was funded and will not be extended. If you close your Cash Account(s) during the Promotional Boost Period, your Promotional Boost Period will continue to run and will not be extended. You can only earn one Promotional Boost by participating in this promotion, and you will not earn additional Promotional Boosts by opening additional Cash Accounts (although your additional Cash Accounts may be eligible to earn your original Promotional Boost as described above). Additional Promotional Boosts may be available to you through other promotions and programs offered by Wealthfront Brokerage. However, only one Promotional Boost can be applied to your Cash Accounts to increase your APY at any one time, and any additional APY increases you may earn will be applied following your initial Promotional Boost (i.e., if you earn multiple APY increases by participating in multiple promotions, your APY will not be increased by more than 0.50% over the standard APY at any one time, but one or more additional Promotional Boosts will be added to follow your Promotional Boost Period, subject to the terms and conditions of the applicable promotions). The maximum aggregate duration of APY increases you are eligible to earn across all promotions, including the Promotional Boost, is 6 months.
Cash Accounts are offered by Wealthfront Brokerage, a Member of FINRA/SIPC and an affiliate of Wealthfront Advisers. Neither Wealthfront Brokerage nor any of its affiliates are a bank, and Cash Account is not a checking or savings account. Wealthfront Brokerage conveys funds to program banks who accept and maintain deposits, provide the interest rate, and provide FDIC insurance after receiving the funds. Wealthfront Brokerage earns a percentage of the net interest margin on deposits in clients’ Cash Accounts.
This promotion is offered by Wealthfront Brokerage. Wealthfront Brokerage reserves the right to modify or terminate this promotion at any time without notice. Wealthfront Brokerage has no obligation to open a Cash Account for any particular person, regardless of that person’s participation in any promotional program, and may accept or reject an application in its sole discretion. All eligibility decisions shall be made by Wealthfront Brokerage in its sole discretion. Without limiting the foregoing, Wealthfront Brokerage has sole discretion to disqualify any person from receiving a Promotional Boost for any reason, including (but not limited to) if Wealthfront Brokerage determines, in its sole discretion, that fraudulent activity or a violation of the terms may have occurred. In the event Wealthfront Brokerage disqualifies a Promotional Boost after interest has begun to accrue, Wealthfront Brokerage reserves the right to recapture the amount of interest attributable to the Promotional Boost to the maximum extent permitted by law. Employees of Wealthfront Brokerage and its affiliates are not eligible to receive a Promotional Boost. All federal, state, and local taxes and any related fees and expenses are the sole responsibility of the Eligible Client. The total amount you can earn through a Promotional Boost will vary based on any changes to the total balance in your Cash Account(s) over the applicable Promotional Boost Period and any changes to Wealthfront Brokerage’s standard APY for Cash Accounts over the applicable Promotional Boost Period.
Wealthfront Advisers Fee Waiver Promotion
Eligible Clients who receive a Promotional Boost through this promotion are automatically eligible for up to three (3) months of the Wealthfront Advisers Fee Waiver Promotion as described herein (the “Fee Waiver Promotion”). Under the Fee Waiver Promotion, Wealthfront Advisersfinda will waive its standard advisory fee of 0.25% annually on up to $5,000 of the total balance in your Wealthfront taxable, IRA, 529, or other investment accounts (each of these accounts an “Investment Account,” and such waiver the “Fee Waiver”) during your Promotional Boost Period if all applicable terms and conditions are satisfied. You will receive the Fee Waiver if your Investment Account remains open and is funded at any time during the Promotional Boost Period. You will begin receiving the Fee Waiver on the first day during your Promotional Boost Period on which your Investment Account contains a balance, and you will continue to receive the Fee Waiver for the remainder of your Promotional Boost Period. If you earn a similar fee waiver through a separate Wealthfront Advisers program or promotion, you will receive the Fee Waiver in addition to your existing fee waiver for the Promotional Boost Period.
Wealthfront Advisers reserves the right to terminate the Fee Waiver Promotion at any time without notice. All eligibility decisions shall be made by Wealthfront Advisers in its sole discretion. Without limiting the foregoing, Wealthfront Advisers shall have sole discretion to determine whether any client qualifies for a Fee Waiver and to disqualify any person from receiving a Fee Waiver for any reason, including (but not limited to) if Wealthfront Advisers determines, in its sole discretion, that fraudulent activity or a violation of applicable terms and conditions may have occurred. Employees of Wealthfront Advisers and its affiliates are not eligible to receive a Fee Waiver through this promotion. All federal, state, and local taxes and any related fees and expenses are the sole responsibility of the client.
By participating in this Fee Waiver Promotion, you acknowledge certain information so that Wealthfront Advisers can determine and ensure your eligibility. Specifically, you represent to us that:
Please note that the Fee Waiver Promotion is separate from Wealthfront Advisers’ standard Fee Waiver Program described elsewhere on our website, and in the event of any inconsistency between the terms of this Promotion and the terms of our standard Fee Waiver Program, the terms set forth above will control with respect to this Fee Waiver Promotion.