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How do I change an individual account into a joint or trust account and vice versa?

We currently do not support changing individual accounts into joint or trust accounts and vice versa. Brokerage account regulations do not allow us to simply change the type or title on a brokerage account as you can with a standard bank account. We’ve also found that the often practiced method of opening a new account with the desired type/title and bringing over the contents and history of the original account can cause numerous issues for our clients, particularly those clients employing our Daily Tax-Loss Harvesting and Tax-Optimized Direct Indexing strategies.

Please contact us if you absolutely must make this change due to a legal requirement or other pressing need (typically because of a death or divorce).

 

Nothing in this blog should be construed as tax advice, a solicitation or offer, or recommendation, to buy or sell any security. Financial advisory services are only provided to investors who become Wealthfront Inc. clients pursuant to a written agreement, which investors are urged to read carefully, that is available at www.wealthfront.com. All securities involve risk and may result in some loss. For more information please visit www.wealthfront.com or see our Full Disclosure. While the data Wealthfront uses from third parties is believed to be reliable, Wealthfront does not guarantee the accuracy of the information.

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