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Robinhood is snapping up financial advisers. Here’s why.
Robinhood plans to double the number of full-time registered reps this year after recruiting 100 advisers from other firms since 2019.
April 27, 2021 4 MINS
Robinhood Financial is ramping up its financial adviser recruiting activity, entering the top 20 firms among incumbents by snatching up 40 experienced and licensed advisers from competing firms year to date, according to
.
The majority of Robinhood’s adviser recruits this year came from Fidelity Brokerage Services (35%) and TD Ameritrade Inc. (25%), according to the data. A handful of advisers were recruited from other wirehouses and brokerages, including Charles Schwab & Co., Merrill Lynch, Pierce, Fenner & Smith Inc., Vanguard Marketing Corp. and Morgan Stanley, among others.
April 18, 2021
Rosalie I. Schmitt, affectionately known as “Rosie” or “RoRo,” 83, of Lewes passed away surrounded by her loving family Wednesday, April 14, 2021, at Christiana Care in Newark.
Rosie was born in Lewes Feb. 16, 1938, daughter of the late William Brack Porter and Vera Emily (Holston) Porter. She was a graduate of Lewes High School class of 1956.
Rosie began her working career as a secretary at Stokely-Van Camp in Rehoboth Beach. After meeting her husband, Frederick Schmitt, and starting her family she began her true vocation as a mom. Being a Navy wife, she quickly learned how to organize large events to small intimate dinners with the officers and men of her husband’s ships at various navy bases.
Robinhood drops the confetti, but advisers aren’t convinced
Robinhood s confetti graphic led to heavy criticism of its gamification tactics, but advisers say investor education is still what s needed.
April 6, 2021 3 MINS
After a bleak start to the year following the Gamestop stock surge and having multiple lawsuits filed against it, free trading app Robinhood Markets updated its application program interface to calm recent accusations that it was engaged in market manipulation and gamification.
This week millions of Robinhood users may have noticed that the celebratory confetti graphics that used to rain down after each trade have been replaced with images of floating geometric shapes, according to an announcement from the company last Wednesday. Robinhood also changed the images it displays when a customer signs up for premium service Robinhood Gold or deposits money on the app.
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