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News

Robinhood launches suite of new features to optimise wealth management

Friday 28 March 2025 09:33 CET | News

Robinhood, an online trading platform, has announced the launch of a suite of new capabilities that focus on improving wealth management.

As part of its latest launch, Robinhood rolled out Robinhood Strategies, Robinhood Banking, and Robinhood Cortex, intending to support access to several financial services, including private wealth management and private banking. According to the official press release, the suite of new features is set to deliver additional benefits to Robinhood Gold members.

Robinhood launches suite of new features to optimise wealth management

 

What will the suite offer to users?

Robinhood Strategies

Aligning with users’ objectives, Robinhood Strategies provides personalised, expert-managed portfolios directly in the company’s app. Robinhood’s team supports customers with insights, enabling them to understand how and why their money moves so that they can invest with more certainty. The product does not impose any management fees over USD 100,000 for Robinhood Gold members, minimising how much they spend on investing. Other potential benefits include a 0.25% annual management fee for all customers with a yearly cap of USD 250 for Robinhood Gold members, access to diverse stocks and ETFs, interactive portfolio, simulated future returns, and increased control.

At the time of the announcement, Robinhood Strategies was available to all Robinhood Gold members, with the company planning to roll out the feature to all customers in April 2025.

Robinhood Banking

Coming later in 2025, Robinhood Banking is set to be a platform that provides the private banking experience to Robinhood Gold members, equipping them with access to traditional checking and savings accounts with additional benefits. Among the potential capabilities, Robinhood mentions access to private banking services, receipt of 4% APY on savings, additional perks such as tickets to events, net worth tracking, and the ability to open accounts for family members.

Robinhood Cortex

As an AI investment tool, Robinhood Cortex is developed to offer real-time analysis and insights that support users in improving how they navigate the markets, identify opportunities, and stay updated on current market trends. The product focuses on optimising the trading and investing experience by supporting Stock Digests and Trade Builder. For Stock Digests, Robinhood Cortex is set to generate a summary of what is impacting a stock, while for Trade Builder, the new capability can deliver insights about price signals, technical, market news, and analyst reports, among others.

Latest news from Robinhood

In addition to rolling out these three new features, Robinhood also introduced, in October 2024, margin investing in the UK, allowing investors to borrow funds to improve their trading activities. Through this move, users were set to be able to utilise their existing assets as collateral to purchase more securities. The company also implemented measures to mitigate the risks associated with margin trading, requiring users to deposit a minimum of USD 2,000 in their accounts to access the feature. Also, customers needed to opt-in to the service and meet specific eligibility requirements.

Source: Link


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Keywords: product launch, trade finance, trading platform, financial services, wealth management
Categories: Banking & Fintech
Companies: Robinhood
Countries: World
This article is part of category

Banking & Fintech

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Robinhood

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