Company: WLTH
Filing Date: 2025-06-18
Form Type: DRS
Source: 0001628279-25-000372
Chunk: 57

Company: WEALTHFRONT CORP
Filing Date: 2025-06-18
Form: DRS
Chunk 57
---
 partnerships.

We offer a cash account in connection with our program banks and our partnership with a banking partner. Our banking partner provides services which allow us to offer our clients banking features, including a Wealthfront branded debit card, ATM network access, and a mobile check deposit capture. We help with recordkeeping and reconciliation of balances between our clients’ brokerage accounts, our program banks, and our banking partner.

We are not a bank and do not provide banking products and services, and so we rely on our program banks to accept client assets and to provide certain banking products or services to them. Regulatory changes or changes in market conditions could affect the willingness of our program banks, or other banks we may choose to partner with in the future, to accept client assets. Program banks may refuse to accept our clients’ assets in the future and there is no guarantee that we will be able to replace program banks or add new program banks to support our growth, which would negatively affect our business, operating results, and financial condition. Similarly, a change in regulatory treatment of cash sweep programs, for example treating our cash sweep program balances as “brokered deposits,” or changes in the interpretations concerning the circumstances under which bank sweeps may obtain FDIC insurance protection, as well as changes in market conditions (such as very low or negative interest rates) could make program banks less willing to accept sweep balances (or limit the amount of sweep balances the

<div align='center'>45</div>

program banks are willing to accept) and also could affect the deposit interest rates program banks are willing to pay on sweep balances and the fees that the program banks are willing to pay to our company. Furthermore, technical failures or security incidents may occur that could prevent program banks from accepting sweep balances (or limit the amount of sweep balances the program banks can accept). Any of these changes could reduce the attractiveness of the bank sweeps program to customers and could reduce the revenue earned by our company in connection with the bank sweep program.

Our agreements with our banking partner, any successor bank, program banks, and related service providers may be terminated or may not be renewed on terms favorable to us or at all. Our agreements with such parties generally do not prohibit them from working with our competitors, and they could decide to enter into an exclusive or more favorable relationship with one or more of our competitors. They could also offer solutions competing with ours. In addition, our banking partner, any successor bank, program banks, and related service providers may not perform as expected under our agreements. We could in the future have disagreements or