WEALTHFRONT* Charge (What It Is + Is It Legit?)

When Wealthfront processes its robo-advisor management fees, the charge is submitted to payment networks through an automated billing system that truncates and formats the merchant name to fit within the character limits imposed by card networks like Visa and Mastercard. The asterisk in "WEALTHFRONT*" is a formatting convention used by their payment processor to separate the brand name from any additional billing identifiers, such as account type or transaction reference, though in many cases the field after the asterisk simply appears blank or is trimmed from the display. If you see this descriptor on your bank statement, it is almost certainly the periodic advisory fee that Wealthfront charges for managing your automated investment portfolio.

No, this is a legitimate charge from Wealthfront. However, if you did not authorize this charge or cancelled your subscription, you may be eligible for a refund.

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