Robinhood CEO States Goal is to Serve a New Generation of Investors
Robinhood CEO Vlad Tenev stated that Robinhood was originally founded to serve a new generation of first-time investors. As customers' wealth continues to grow, their financial needs are also increasing. Just weeks after launching Trust Accounts, the assets deposited by customers have surpassed $150 million, with an average account size of around $500,000. The company aims to accompany and serve customers throughout their entire financial life cycle.
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