Policy Effective Date: October 27, 2020
Wealthfront Advisers LLC ("Wealthfront," an SEC-registered adviser) is an automated investment adviser available online and through mobile applications.
We offer an automated investment service. Should you choose to become our Client, we will manage a diversified, continually rebalanced portfolio of index funds on your behalf in a very low cost and tax-efficient manner. Our unique service is made possible by combining a team of world-class financial experts, led by Dr. Burton Malkiel, renowned economist and author of A Random Walk Down Wall Street, with some of Silicon Valley’s best technology talent.
When you use our website and mobile applications you enter into a series of legally binding agreements.
You must be 18 or older to access our website or mobile applications.
You will keep your user name and password a secret.
You will not share your account with anyone else.
2.2 Your Access
You are responsible for safeguarding your password and other User Account information. You agree not to disclose your password to any third party and you will notify Wealthfront immediately if your password is lost or stolen or if you suspect any unauthorized use of your User Account. As a User you agree that you shall be solely responsible for any activities or actions under your User Account, whether or not you have authorized such activities or actions.
You agree that the information you provide to us on account registration through our website or mobile applications will be true, accurate, current, and complete.
If you wish to develop enhancements to the Wealthfront service then you must do so via our "Partner Program" API. As used in these Terms, "APIs" means programmatic web APIs and associated tools and documentation that provide access to certain data displayed on our website or in our mobile applications. Access to our APIs requires you meet our Partner Program eligibility criteria and enter into a signed partnership agreement with Wealthfront. You may not scrape or copy information through any means (including crawlers, browser plugins and add-ons, and any other technology or manual work) as explained in Section 6.2.
If you wish to learn more about becoming a Partner, please contact email@example.com.
We may send you communications that you are required to read. You may customize them according to your preferences.
2.3 Alerts, Notifications and Service Communications
By creating a User Account, you automatically sign up for various types of alerts via e-mail and mobile notification. When logged in, you may customize, modify and in some cases deactivate alerts by adjusting the settings accordingly.
We never include your password in these communications, but we may include your name, or email address and information about your portfolio(s) if you are a Client. Anyone with access to your e-mail or mobile device will be able to view these alerts.
You may unsubscribe from marketing oriented emails at any time.
3. Disclaimer and Limit of Liability
Wealthfront cannot be held responsible for any financial insights or recommendations provided to Users.
3.1 For a User who is not a Client
You understand and acknowledge that the investment results you could obtain from investment information and financial insights provided by Wealthfront cannot be guaranteed and that Wealthfront cannot be held responsible. All investments entail a risk of loss and that you may lose money. Investment management services may be offered to individuals who become clients, at the sole discretion of Wealthfront. Your election to engage our investment management services are subject to your explicit enrollment and acceptance of the separate Client Agreement and related fee schedule.
You agree and understand that your use of Wealthfront is for educational purposes only and is not intended to provide legal, tax or financial planning advice. You agree as a User that you are responsible for your own investment research and investment decisions, that Wealthfront is only one of many tools you may use as part of a comprehensive investment education process, that you should not and will not rely on Wealthfront as the primary basis of your investment decisions and, except as otherwise provided for herein, Wealthfront will not be liable for decisions/actions you take or authorize third parties to take on your behalf based on information you receive as a User of Wealthfront or information you otherwise see on our website.
This is our disclaimer of legal liability.
3.2 Disclaimer of Warranties
Your use of Wealthfront's Website, and the personal information you provide is at your sole discretion and risk. Wealthfront's Website and all materials, information, products and services included therein, are provided on an AS IS and AS AVAILABLE basis without warranties of any kind from Wealthfront.
WEALTHFRONT EXPRESSLY DISCLAIMS ALL WARRANTIES OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, RELATING TO WEALTHFRONT'S WEBSITE, CONTENT AND/OR USER INFORMATION, INCLUDING WITHOUT LIMITATION THE WARRANTIES OF TITLE, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF PROPRIETARY RIGHTS, COURSE OF DEALING OR COURSE OF PERFORMANCE. WEALTHFRONT DISCLAIMS ANY WARRANTIES, EXPRESS OR IMPLIED:
No advice or information, whether oral or written, obtained by you from Wealthfront's Website, shall create any warranty not expressly stated in this Agreement. If you choose to rely on such information, you do so solely at your own risk.
Some states or jurisdictions do not allow the exclusion of certain warranties. Accordingly, some of the above exclusions may not apply to you.
These are the limits of legal liability we may have to you.
3.3 Limitation of Liability
IN NO EVENT SHALL WEALTHFRONT OR ANY OF ITS OFFICERS, DIRECTORS, EMPLOYEES, OR AGENTS BE LIABLE TO YOU FOR ANY DAMAGES WHATSOEVER, INCLUDING WITHOUT LIMITATION INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES, ARISING OUT OF OR IN CONNECTION WITH YOUR USE OF WEALTHFRONT, CONTENT AND/OR USER INFORMATION, INCLUDING BUT NOT LIMITED TO THE QUALITY, ACCURACY, OR UTILITY OF THE INFORMATION PROVIDED AS PART OF OR THROUGH WEALTHFRONT OR FOR ANY INVESTMENT DECISIONS MADE ON THE BASIS OF SUCH INFORMATION, WHETHER THE DAMAGES ARE FORESEEABLE AND WHETHER OR NOT WEALTHFRONT HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. THE FOREGOING LIMITATION OF LIABILITY SHALL APPLY TO THE FULLEST EXTENT PERMITTED BY LAW IN THE APPLICABLE JURISDICTION AND IN NO EVENT SHALL WEALTHFRONT'S CUMULATIVE LIABILITY TO YOU EXCEED U.S. $100.
Each of us can end this agreement at any time.
You may request termination of your User Account at any time and for any reason by sending an email to firstname.lastname@example.org.
5. Dispute Resolution
If there is a legal dispute, it will take place in California Courts under California Law.
6. Wealthfront "Dos" and "Don'ts"
Wealthfront grants you a license to use our website and mobile applications so long as you comply with all our rules.
You agree you will:
You agree you won't:
7. Account Information from Third Party Sites
Wealthfront cannot always foresee or anticipate technical or other difficulties which may result in failure to obtain data or loss of data, personalization settings or other service interruptions. Wealthfront cannot assume responsibility for the timeliness, accuracy, deletion, non-delivery or failure to store any user data, communications or personalization settings. Displayed Account Information is only as fresh as the time shown, which reflects when the information was obtained from third-party sources.
8. General Terms
Some other important details about the Agreement
You agree the only way to provide us legal notice is at the address provided in Section 10.5.
9. International Use
Wealthfront is only for use in the United States
9.1 Wealthfront is only available for use in the United States. We make no representation that Wealthfront is appropriate or available for use outside the United States. Similarly, we make no representations that accessing Wealthfront from locations outside the United States is legal or permissible by local law. If you access Wealthfront from areas outside of the United States, you do so at your own risk and are yourself responsible for compliance with local laws.
This Agreement takes priority over previous agreements
10.1 Integration & Severability
This Agreement is the entire agreement between you and us with respect to Wealthfront, and your use of our website and mobile app, and supersedes all prior or contemporaneous communications and proposals (whether oral, written or electronic) between you and us. If any provision of this Agreement is found to be unenforceable or invalid, that provision will be limited or eliminated to the minimum extent necessary so that this Agreement will otherwise remain in full force and effect. The failure of either party to exercise in any respect any right provided for herein shall not be deemed a waiver of any further rights hereunder.
Investment recommendations are made to Clients on an individual basis and may differ based on specific circumstances.
10.2 Advice may differ
You understand and agree that we act as an investment advisor for Clients and will continue to do so. We and our personnel may make recommendations and take action for Clients that may differ from the recommendations we give to you or the action we take on your behalf.
In addition, our personnel may take actions for their own accounts based on their own investment situations that differ from the recommendations we give you or actions we take on your behalf.
Any notice or communication will be in writing by email.
We welcome your feedback!
Your feedback is welcome and encouraged. You may submit feedback by emailing us at email@example.com. You agree, however, that (i) by submitting unsolicited ideas to Wealthfront or any of its employees or representatives, by any medium, including but not limited to email, written, or oral communication, you automatically forfeit your right to any intellectual property rights in such ideas; and (ii) such unsolicited ideas automatically become the property of Wealthfront. You hereby assign and agree to assign all rights, title, and interest you have in such feedback and ideas to Wealthfront together with all intellectual property rights therein. In addition, you warrant that all moral rights in any feedback have been waived, and you do hereby waive any such moral rights.
If you have any questions ...
You can also contact Wealthfront by phone at 844.995.8437 or via physical mail at:
Wealthfront Advisers LLC