Sep. 19 at 12:33 AM
Robinhood CEO Vlad Tenev wants the company to evolve beyond trading by using active investing to acquire customers and then expand their relationships into retirement, banking, credit and wealth management.
Robinhood ended June with 28 million funded accounts, up 7% year over year, while average revenue per user rose 24%. Tenev said trading remains the “engine room” of the business, but customers increasingly adopt multiple products after joining through stock trading, crypto or prediction markets.
The company offers retirement accounts, managed investing, banking and credit cards, and acquired portfolio management platform TradePMR in 2025. It has also launched an advisor network connecting customers with registered investment advisers. Tenev sees the transfer of more than
$100 trillion in wealth from older to younger generations over coming decades as a major opportunity to expand into trusts, estate planning, private wealth management and private banking.
$HOOD