Now winning over wealthier clients. This platform transformation opens up high price potential!
Robinhood is transforming from a broker for retail investors to a broadly positioned fintech also catering to wealthier clients.
Reading Time: 2 minutes
The stock of Robinhood Markets (i) (HOOD) promises a significant opportunity for outperformance in the medium term, as a promising growth perspective emerges from the ongoing transformation. The broker for retail traders is expanding its offerings and addressing a larger clientele with significantly higher financial assets. 1.) Robinhood's customers have an average of only $7,700 in their accounts. Customers of Charles Schwab or Interactive Brokers hold six-figure amounts. 2.) With the Robinhood Gold membership, which costs $5 per month or alternatively...
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