Robinhood pushes into banking with 4% APY savings account, launches wealth management [Yahoo! Finance]
Charles Schwab Corporation (The) (SCHW)
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Source: Yahoo! Finance
services firm akin to Fidelity or Charles Schwab . On Wednesday, it took another step toward that goal by announcing Robinhood Banking, a service that provides "traditional checking and savings accounts with luxury benefits," as well as a wealth management product called Robinhood Strategies. According to Steph Guild , a former JP Morgan executive who is President of Robinhood Asset Management, the company's goal is to fill a gap in the current wealth management landscape—one that is marked by pricey investment advisors on one hand, and low-cost generic 'robo-advisors' on the other. In practice, this will entail Robinhood using AI to offer active portfolio management to its customers that goes beyond what the low-end advisors currently
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SCHW
Earnings
- 1/21/25 - Beat
SCHW
Sec Filings
- 3/27/25 - Form 4
- 3/17/25 - Form 4
- 3/10/25 - Form 4
- SCHW's page on the SEC website