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Joint Accounts

Wealthfront Joint Accounts are set up as joint tenants with rights of survivorship (JTWROS) between two account owners. Both owners share equal ownership of the assets in the account. If one of the joint owners passes away, the assets are transferred to the surviving owner.

Joint Cash and Joint Investing Accounts can be accessed independently by both owners under their own unique login. Once a  co-owner has accepted the invite, both Joint Account owners can do the following through their own unique login:

  • Deposit or withdraw from and to their linked external bank accounts
  • Transfer between Wealthfront accounts under their own login
  • Edit account information, like the name of the account and beneficiaries
  • View transactions on their Joint Account page
  • Receive updates for any account changes or transactions
  • Access account statements, trade confirmations, and prospectuses on their Documents Page
  • Create and delete Categories or Invest in Money Market Funds in Joint Cash Accounts
  • Close their Joint Cash or Investing Account

I opened a joint account before August 2024, how can the co-owner access the account?

The primary account owner can invite their co-owner to access the joint account by:

  1. Logging in to our website or app for iOS or Android
  2. Navigating to your Joint Cash Account
  3. Selecting Manage in the upper right corner
  4. Clicking Send invite

If the co-owner already has a Wealthfront login, enter the email address associated with their profile. Otherwise, enter the email they’d like to use for their Wealthfront login.

Note, if you have multiple joint accounts, you will need to need to send an invite for each joint account. Additionally, the co-owner will need to accept each invite to be able to see each joint account on their profile. 

Are there any limitations to the co-owner once they accept the invite to access the joint account?

Joint Cash Account

Only the primary account owner of a Joint Cash Account can do the following through their login:

Joint Investing Account

Similarly, only the Joint Investing Account  primary account owner can do the following through their login:

However, we’ll notify both account owners when changes to the risk score, portfolio type, portfolio allocation, or tax-loss harvesting election have been made. 

If both my spouse and I opened Wealthfront investment accounts under our own logins, is there anything we should do?

If both you and your spouse have Wealthfront investment accounts under your own separate logins, you should set up a spousal link for wash sale monitoring.  

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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.

Wealthfront, Wealthfront Advisers and Wealthfront Brokerage are wholly owned subsidiaries of Wealthfront Corporation.

© 2020 Wealthfront Corporation. All rights reserved.

The national average interest rate is based on FDIC.gov, as of July 28, 2023. National rates are calculated based on a simple average of rates paid (uses annual percentage yield) by all insured depository institutions and branches for which data are available. Savings and interest checking account rates are based on the $2,500 product tier.

The Wealthfront Cash Account Annual Percentage Yield (APY) is as of July 28, 2023. The APY may change at any time, before or after the Cash Account is opened. The APY for the Wealthfront Cash Account represents the weighted average of the APY on the aggregate deposit balances of all clients at the program banks. Deposit balances are not allocated equally among the participating program banks.

Cash Account is offered by Wealthfront Brokerage LLC (“Wealthfront Brokerage”), a member of FINRA/SIPC. Neither Wealthfront Brokerage nor any of its affiliates are a bank, and Cash Account is not a checking or savings account. We convey funds to institutions accepting and maintaining deposits. Investment management and advisory services are provided by Wealthfront Advisers LLC (“Wealthfront Advisers”), an SEC registered investment adviser, and financial planning tools are provided by Wealthfront Software LLC (“Wealthfront”).

The cash balance in the Cash Account is swept to one or more banks (the “program banks”) where it earns a variable rate of interest and is eligible for FDIC insurance. FDIC insurance is not provided until the funds arrive at the program banks. Wealthfront uses more than one program bank to ensure FDIC coverage of up to $8 million for your cash deposits. FDIC insurance coverage is limited to $250,000 per qualified customer account per banking institution. For more information on FDIC insurance coverage, please visit www.FDIC.gov. Customers are responsible for monitoring their total assets at each of the program banks to determine the extent of available FDIC insurance coverage in accordance with FDIC rules. The deposits at program banks are not covered by SIPC.

Nothing in this communication should be construed as tax advice, a solicitation or offer, or recommendation, to buy or sell any security. Any links provided to other server sites are offered as a matter of convenience and are not intended to imply that Wealthfront Advisers 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, Wealthfront Advisers and Wealthfront Brokerage are wholly owned subsidiaries of Wealthfront Corporation.

© 2020 Wealthfront Corporation. All rights reserved.

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