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Articles tagged "Robinhood"


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Alex Michalka: 'Active investing might sound fun.'

Wealthfront renews 'passive' vows -- with a 10% play-money clause -- after it dissolves 'failed' fund and counters Silicon Valley next-door nemesis Robinhood's entry into hyper-active robo-investing

The $36-billion AUM Palo Alto robo-advisor published a Bogle-level passive investing defense, after dissolving much maligned 'Risk Parity' fund, ahead of Vlad Tenev's entry into game.

May 31, 2025 at 1:32 AM

Vlad Tenev has said payment-for-order-flow is 'here to stay.'

Robinhood's new 'robo-advisor' is disrupting 'robo' norms; three early users report some eye opening findings and how it targets young trade-hungry investors

The Menlo Park, Calif. maverick has a history of attunement to what young investors want and that spirit and business model has made the transition to its first 'wealth management' offering -- hazarding sub-index returns and conflicts, analysts say.

May 16, 2025 at 6:08 AM

Rick Wurster: [Previously] it was like trying to tell someone to eat their broccoli, and now broccoli and bonds are back.

Schwab's Rick Wurster is green with praise • SmartAsset called out for 'profanity' over Ass mascot • Morningstar Office closure will cost millions

Robinhood's betting business is growing fast with $20 million of annual revenue already • Zoe nets $30 million in Series B raise• Roll-up buys RIA for YouTube chops • CFP Board hikes fees • Two senators could create new $5.3 trillion retirement prize.

May 6, 2025 at 12:42 AM

Sarah Levy: Our plans this year are more ambitious than ever.

Betterment will add self-directed investing in 2025 as part of grander post-robo plan-- something co-founder Jon Stein admits is likely long overdue

CEO Sarah Levy also green-lit bridge-borrowing against investments as company moves beyond child-proof model to allow investor discretion -- and into more direct competiton with Schwab, Fidelity and Robinhood.

April 25, 2025 at 1:02 AM

Vlad Tenev: It's kind of like the news before it happens, which I think is extremely valuable to society

Robinhood's surefire 'RIA' play -- custody and robo-advice -- just got shakier as its 'betting' ambitions go full bore and eight states (blue and red) throw up resistance

'DNA' and rule issues are real but legal sources say Congress could soon make the firm's gambling foray a moot point.

April 22, 2025 at 2:24 AM

Matt Akparian: I don't think any of them want to start a race to zero.

Schwab chases BlackRock out of the gate with money market ETF to stake out fast-growing cash segment and shore up its dominance in money market funds

The Westlake, Texas giant's new fund will hit the market May 28, pending regulatory approval, and crash BlackRock's near-monopoly, but also lend potential legitimacy to the novel concept.

March 20, 2025 at 1:29 AM

Forrest Morgeson: Brands [are] differentiating... for better or worse.
February 28, 2025 at 2:15 AM

Robb Baldwin: Robinhood’s client base is the next generation of investors

Robinhood closes TradePMR deal and calls it 'accretive' and cites cash allocation to build RIA referral network

The Menlo Park, Calif. online broker paid $300 million for custody unit that gives it immediate cash flow and market position.

February 27, 2025 at 12:01 AM

Lucas Moskowitz: We're disappointed by this outcome … the CFTC [knew] about our intent and plans.

Robinhood pushes back, with force, after CFTC's 'shocking and stunning' rejection of its 'contract' betting bid, after gleaning affirmation in review process

The feisty Menlo Park discount brokerage is expressing 'disappointment' in the 'outcome,' particularly because of regular affirming contact with the CFTC that proved illusory

February 8, 2025 at 3:54 AM

Vlad Tenev is holding off on applying AI to robo-advising, for now.

Robinhood is launching plain-vanilla robo-advisor, an RIA that allocates with algorithms, but walks back intent to use AI and will rely on human teams to pick investments

The Menlo Park, Calif. online broker filed an SEC ADV to launch an RIA 30 days after announcing deal to buy RIA custodian, TradePMR.

February 7, 2025 at 4:02 AM

Margaret A. Chan: KSFB's claim is premised on the fact that defendants 'profited handsomely ... [but] the CD&R transaction is not, alone, a basis to conclude ... they were unjustly enriched.

Briefs: Focus Financial gets second happy Hollywood ending in LA lawsuit • Orion closes deal in record 14 days • iCapital buys ID shop • VC milestones & raises • People moves at Apex, Dynasty & Wealthfront

A Hollywood RIA took on Focus and Goldman, and lost • Reed Colley is already in the house • The SEC dings Robinhood, Schwab and Vanguard Group, and FINRA dings Fidelity • Vanguard & Schwab launch ETFs • BlackRock plots mixing alts & annuities in a TDF • Dynasty adds golf exec in HR hire • iCapital buys 'AI' KYC shop • Larry Shumbres start-up off to the races • Wealthfront's media guru departs.

January 24, 2025 at 2:40 AM

Rick Wurster:  While the newcomers are growing fast, the biggest, Robinhood, has less than $200 billion.

Charles Schwab will renew branch-building in retiree spots like Florida, relocate storefronts to 'high-traffic' areas, and dedicate staff to $10-million-plus accounts, new Schwab CEO says ahead of Tuesday earnings

Rick Wurster underscores that Robinhood has just 2% of Schwab assets, and his firm will direct more personnel toward $10-million-plus brokerage accounts

January 18, 2025 at 1:30 AM

Jason Wenk: It will be a strange few years for TradePMR advisors.

Jason Wenk sees light at the end of the Robinhood/TradePMR merger, but not before a dark tunnel that could see 40% of RIAs bolt

Robinhood will go through a disruptive, two- to three-year transition to develop a 'road map' before it can think about being a Schwab-killer, the Altruist CEO says in a much-discussed LinkedIn post

November 22, 2024 at 2:55 AM

Vlad Tenev: 'We’re excited to join forces to build a category-defining advisory platform.'

TradePMR sale to Robinhood sends ripples through the RIA industry both for its potential to rival big custodians and for the discount broker's potential clash with fiduciary culture

Robinhood must overcome its history of regulatory pitfalls and win the confidence of TradePMR RIAs, or see them exit to other custodians, industry insiders say.

November 20, 2024 at 4:12 AM

Baiju Bhatt: 'Robinhood has been my life.'

In 'forced-evolution,' Robinhood subtracts a co-founder and pivots to credit cards to create captive sales that dried up after its phone-app trading platform and zero-commission novelty act imploded

Co-founder Baiju Bhatt exits management, but Deepak Rao is just getting started as CEO Vlad Tenev goes all in on making Robinhood a credit card company.

March 29, 2024 at 5:02 AM

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