• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

Robinhood CEO sees Amazon-like subscription model as path to ‘loyalty’ in financial services

by March 28, 2025
written by March 28, 2025

Robinhood CEO Vlad Tenev is betting that by rolling out a large enough portfolio of digital investment products, more consumers will be willing to pay a monthly subscription for its product suite.

Subscribers to Robinhood Gold pay $5 a month or $50 a year for perks like 4% interest on uninvested cash, access to professional research, and no interest on the first $1,000 of margin borrowed.

Now the company is adding wealth management features called Robinhood Strategies, which offers curated access to exchange-traded fund portfolios and mixes of handpicked stocks. The service, available to Gold Subscribers, carries a 0.25% annual management fee, capped at $250.

Robinhood also said this week that with its new Robinhood Banking offering, Gold subscribers will get private banking services with tax advice and estate planning tools, perks like access to private jet travel, five-star hotels and tickets to Coachella, and 4% interest on savings accounts. Customers will also soon be able to get cash delivered to their doorstep, saving them a trip to the ATM, though few details were provided.

Tenev told CNBC in an interview that Robinhood’s subscription service could be similar to what users get from Amazon Prime or Costco membership, where their monthly fee feels justified by the quality and quantity of the perks, which keep them coming back.

“My philosophy behind it is subscriptions are about loyalty,” Tenev said. “So if you’re a subscriber to something, then that service is sort of the first in mind when you think about trying something else from that category.”

Tenev said that in financial services, loyalty is particularly important because it’s “equivalent to wallet share.”

Tenev said the number of subscribers increased from about 1.5 million a year ago to 3.2 million today, adding that it’s a “nine-figure business,” meaning at least $100 million in annual revenue.

Robinhood grew in popularity among younger investors by making it easy to buy and hold fractional shares in companies using a simple mobile app, and then moving into crypto. Tenev said on Thursday that over the longer term, Robinhood wants to be “the place where you can buy, sell, trade, hold any financial asset, conduct any financial transaction.”

Robinhood shares are up 19% this year after almost tripling in 2024, when crypto prices soared.

This post appeared first on NBC NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
State Department will absorb remaining USAID programming as independent agency is dismantled
next post
Putin says Trump plans for Greenland ‘has nothing to do’ with Russia

related articles

Some Walmart garment orders from Bangladesh on hold...

July 13, 2025

Trump’s tariffs on Brazil could make your coffee...

July 11, 2025

White House accuses Powell of mismanaging Federal Reserve,...

July 10, 2025

Italian chocolate giant Ferrero to buy Kellogg’s Froot...

July 10, 2025

OpenAI to release web browser in challenge to...

July 10, 2025

Sports executive charged with bid-rigging in Texas arena...

July 10, 2025

Amazon extends Prime Day discounts to 4 days...

July 9, 2025

Boeing delivers most airplanes since late 2023 after...

July 9, 2025

Waymo offers teen accounts for driverless rides

July 8, 2025

Is a Chinese chain’s blood orange cold brew...

July 7, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • 10 places where Tesla vehicles, dealerships were attacked this year

    March 20, 2025
  • As Tesla shares struggle in 2025, short sellers pocket $11.5B in profits

    April 22, 2025
  • Long UK100: anticipating a bullish breakout amid consolidation and strong support zone rejection

    July 19, 2024
  • Trump nominates Waltz for high-level post after ousting him as national security advisor

    May 1, 2025
  • DAVID MARCUS: Hey Dems, knock it off with the anti-Tesla stochastic terrorism

    March 28, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,340)
  • Investing (634)
  • Stock (842)

Latest Posts

  • Trump revokes security detail for Fauci

    January 24, 2025
  • Farage’s Reform UK beats out establishment parties in ‘earthquake’ elections

    May 2, 2025
  • ‘Not committed’: Conservatives warn Mike Johnson still has hill to climb before winning speaker’s gavel

    November 15, 2024

Recent Posts

  • 5 key numbers that will decide the 2024 presidential election

    October 9, 2024
  • ‘What a jacka–‘: Conservatives hammer Dem senator’s ‘droning monologue’ during RFK Jr hearing

    January 29, 2025
  • Melania Trump’s pro-choice stand isn’t that different from other Republican first ladies

    October 4, 2024

Editor’s Pick

  • Eli Lilly secures weight loss drug approval in China: How do rivals stack up?

    July 19, 2024
  • 204 House Dems vote against bill to give lifesaving treatment to infants who survive abortions

    January 23, 2025
  • Citibank customers report fraud alerts and account access issues

    January 16, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock