Robinhood is expanding its offerings by introducing wealth management and private banking services tailored for investors with smaller portfolios, aiming to play a greater role in shaping users’ financial habits.
On Wednesday, the company announced the launch of “Robinhood Strategies,” a wealth management service available to its premium Gold subscribers for a 0.25% annual fee, capped at $250.
Investors with as little as $50 can access portfolios of exchange-traded funds managed by Robinhood’s investment experts, while a $500 minimum investment unlocks access to portfolios that include individual stocks.
Also read, Laila Salguero is Announced As the New CPO Of Unissant
This initiative reflects the increasing demand for professional financial guidance among retail investors, who now view investing as a strategic tool for wealth-building and financial independence rather than just a hobby.
A Betterment survey last year found that retail investors with financial advisers felt more confident managing their personal finances.
Steph Guild, President of Robinhood Asset Management and a former JPMorgan Chase executive, emphasised that this service aims to democratise wealth management, which is traditionally reserved for high-net-worth individuals.
Never miss any important news. Subscribe to our newsletter.
CEO Outlook Global is a monthly business magazine featuring original insights and exclusive features on entrepreneurs, business owners, CEOs, C-suite executives, and innovators shaping industries worldwide.
Never miss any important news. Subscribe to our newsletter.
Copyright 2025 CEO Outlook Global. All rights reserved.
