Industry News
Robinhood launches robo platform, enters private banking
Alec Rich / Mar 27, 2025
The online brokerage announced the rollout of Robinhood Strategies, a robo advisory platform that charges customers a .25% annual management fee.
Robinhood is getting into the robo game.
The online brokerage formally launched Robinhood Strategies, its own robo advisory platform, on Wednesday. The service offers all customers a .25% annual management fee, which is capped at $250 for Robinhood Gold subscribers (the company’s premium model that charges $5 monthly or $50 annually).
With the tool, the company said customers have access to a mix of single stocks and ETFs managed by an investment team with ‘experience managing both institutional and high net worth clients.’ The company said its new platform also provides features including portfolio insights, tax features, and managed individual and retirement accounts.
The platform requires a minimum investment of $50 to invest in a portfolio of ETFs, while account balances of $500 or more provide access to a mix of ETFs and individual stocks.
‘When building Robinhood Strategies we realized the existing digital advisory model was broken, with limited features and fees that grow as you do...
More News
Industry News
citywire ria
Apr 01, 2025
To read the full article, become an RIA Insider. You'll also gain complimentary access to news, insights, tools and more.
REGISTER NOW
Already an Insider?Log In
All content on this page is drawn from unaffiliated publications. Content on this site is not intended to provide, and should not be interpreted as legal, tax, investment or insurance advice, or recommendations by any party. Capital Client Group, Inc. is not responsible for content created by third parties and they do not explicitly or implicitly endorse or approve such content. Copyrights are held by the individual publications to which each article is attributed.