Your investor profile
Your investor profile contains information about yourself, your financial situation, and your investing needs. It breaks down your annual income, investment experience and goals, and employment information, among other things. It’s important that you keep this information updated and accurate.
If you open additional self-directed, individual investing accounts, you’ll need to complete a new investor profile for each new account that you open with us.
For accounts managed by Robinhood Strategies, you’re also asked some additional questions, specific to the account, about your goals, risk tolerance, and timelines.
You can update your investor profile any time in the app:
You can update your investor profile any time on the web:
We’re required by various laws and regulations to collect this information for all Robinhood customers when opening an account and at least every 3 years thereafter (or more frequently as needed to comply with industry regulations).
For accounts managed by Robinhood Strategies, this information is necessary for management on the basis of the client's financial situation and investment objectives. It should be updated regularly to address any changes.
For Robinhood joint accounts, your marriage status in your investor profile needs to be filled out. Your marital status with your joint owner helps with determining the correct cost basis for tax reporting purposes.
We use this information for various purposes, including but not limited to:
For more information about how we collect and use your data, review our privacy policy.
Robinhood Asset Management, LLC (“Robinhood Strategies”) is an SEC-registered investment advisor. Robinhood Financial LLC (member SIPC) is a registered broker dealer. Robinhood Securities LLC (member SIPC) provides clearing services.