Articles tagged "Robinhood"
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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
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
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
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
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
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
Merrill Lynch 'satisfaction' rating slides 9% after app restructuring, while Fidelity -- the only firm with rising satisfaction -- drubbed rivals in new DIY investor survey
Edward Jones and E*Trade also saw ratings stumble in ACSI study. Schwab and Vanguard held steady.
February 28, 2025 at 2:15 AM
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
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
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
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
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 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
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.
