Updated
Stock restriction list
What’s a stock restrictions list?
It’s a feature where you can add stocks that you don’t want Wealthfront to buy or sell. If you or your spouse work for a publicly-traded company or a regulated firm, you might add stocks that are subject to trading windows and restrictions. Or, if you have a concentrated position outside of Wealthfront, you might add stocks that you don’t want to hold additional shares of.
How do I edit my stock restrictions list?
On web: Log in to our website and click your name at the top right, then Settings, then Restrictions.
In the mobile app: Log in to our app and click the person icon in the bottom right corner, then Settings, then Stock restrictions.
How does Wealthfront handle stock restrictions?
For Stock Investing Accounts
If you try to invest in a restricted stock, we’ll alert you first to make sure you know it’s restricted. You’ll still be able to invest if you choose to.
529 accounts
Since you can’t hold individual stocks in 529 accounts, stock restrictions won’t apply.
For all other investing accounts
Stock restrictions apply to your individual and joint accounts that are managed by Wealthfront. For joint accounts, your restrictions will only apply to shared accounts you have with a co-owner, not their individual accounts. Your co-owner’s restrictions will only apply to your shared joint accounts with them, not your individual accounts.
Here’s what you should know:
- We can’t prevent the purchase of stocks within an ETF.
- We don’t buy or sell restricted stocks. If you add a stock to your restricted list that is already in your portfolio, we’ll continue to hold it indefinitely.
- Stock restrictions may impact your portfolio’s performance compared to Wealthfront portfolios without such restrictions.
- You are only able to change your own restrictions, not those of your co-owner.
If you add a stock that we would normally hold in a US Direct Indexing or S&P 500 Direct Portfolio, we will not purchase it on your behalf. Instead, we will buy other stocks from the associated index to make sure that your US Direct Indexing position still closely tracks the broad US stock market. If you’re married, you can add any stocks that your spouse is restricted from trading to the list.
This communication has been prepared solely for informational purposes only. Nothing in this communication should be construed as an offer, recommendation, or solicitation to buy or sell any security or a financial product. Any links provided to other server sites are offered as a matter of convenience and are not intended to imply that Wealthfront or its affiliates endorses, sponsors, promotes and/or is affiliated with the owners of or participants in those sites, or endorses any information contained on those sites, unless expressly stated otherwise.
Wealthfront offers a free software-based financial advice engine that delivers automated financial planning tools to help users achieve better outcomes. Investment management and advisory services are provided by Wealthfront Advisers LLC, an SEC registered investment adviser, and brokerage related products are provided by Wealthfront Brokerage LLC, a member of FINRA/SIPC.
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