Robinhood Introduces Joint Investing Accounts

Robinhood now offers joint investing accounts, allowing customers to manage investments with their partners while combining their shared investments.

Steve Quirk, Chief Brokerage Officer at Robinhood commented,

“At Robinhood, we understand that investing is often a family endeavor, With joint accounts, we are empowering families and loved ones to achieve their financial goals together, reinforcing our dedication to long-term financial success.”

According to the broker, the Following are the Benefits of Join Account:

• Keep investments in one place: Customers can easily switch from individual investments to their joint account with a tap. This simplifies the investment process, making it more convenient to manage investments in one place, and ensures that both account holders have a clear overview of their financial situation.

• Access for two: Existing customers can create a joint account with a partner and enable shared access to manage investments and transfer funds at any time. This feature ensures that both account holders are fully involved in their financial decisions and can act quickly and efficiently when needed.

• Increase purchasing power: Account co-owners can combine funds and leverage their collective financial strength to help meet their familys financial goals.

• Share perks of Gold: Certain Gold member benefits extend to their joint accounts at no extra cost: earn a 1% deposit boost, then 5% APY. These exclusive benefits enhance the value of accounts, providing additional growth opportunities and financial rewards.

Broker stated that joint investing accounts started rolling out today and will be available to all customers in the coming weeks. Getting set up is simple, customers can go to their Robinhood profile, select ‘add account’ under their total account balance, tap ‘joint investing’, and then follow the on-screen instructions to complete an application.

About Robinhood

Founded in 2013, Robinhood is an online Forex broker based in the United States, that offers a range of tradable instruments including stocks, ETFs, options, and cryptocurrency (excluding IRAs). Additionally, Robinhood provides access to American Depositary Receipts for over 650 global companies and the ability to trade fractional shares.

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