4 ms·
Robinhood's average account size is much smaller than the traditional brokerages, so they're not making much (if any) per client. I don't know if waiting for yo
by dublidu 10y ago
Robinhood's average account size is much smaller than the traditional brokerages, so they're not making much (if any) per client. I don't know if waiting for your clients to get rich is a viable strategy these days because these clients might jump to better options in the future.
- adambratt 10y agoThey don't need to wait for the clients to get rich. Fidelity or Schwabb will buy them and then start to upsell the Robinhood users into other financial programs.