The Robinhood Strategies investment team is a group of hopeful, yet skeptical investment professionals. With over 45 years of collective investment experience, working with both institutional and high net worth clients, their expertise was developed during all the bull and bear markets since 2000. The team takes a comprehensive approach to investing, combining unbiased proprietary quantitative analysis, paired with robust qualitative oversight. The team will actively manage your portfolio, while considering changing market conditions. Transparency is important to us, so explanations of notable market moves and portfolio updates will be shared on a regular basis directly on your account dashboard.

No, you won’t be able to contact the team directly. However, you can contact support anytime with questions about your managed account and for support.

The management fee is 0.25% of the assets under management per year. You can think of the management fee as $2.50 for every $1,000 invested, per year. It’s calculated and charged as follows:

• Daily calculation: The annual fee accrues on a daily basis. The daily fee rate is calculated by dividing the annual rate of 0.25% by 365 days in a year (or 366 in a leap year), then multiplied by the value of your portfolio at the end of each day.
• Monthly charge: The cumulative daily fee for the month is debited directly from your managed account at the beginning of the following month.

Also, Robinhood Gold members ($5 monthly subscription) only pay management fees on $100,000 of assets in their account. This means for every dollar over $100,000, the management fee is 0%.

Robinhood Strategies aims to ensure you have enough cash in your account to cover management fees. Other fees may apply to your account as outlined in Robinhood Financial’s Fee schedule. Keep in mind that if you choose to close your account, accrued management fees will be charged at the time of account closure.

Robinhood Strategies has a minimum investment requirement of $50. An account balance that is:

• Less than $500 will be invested in a portfolio of ETFs
• $500 or more may be invested in a mix of exchange traded funds (ETFs) and individual stocks

You can use the steps outlined in Asset transfers to transfer external assets in, Internal assets transfer (settled cash or in-kind assets), and in Deposit money into your Robinhood account or Wire transfers to deposit cash. Also, for retirement accounts, you can use the steps in Transfers and rollovers to rollover or transfer IRA assets in.

You can have 1 of each supported type of managed account, including an individual account, a traditional IRA, and a Roth IRA.

No, managed IRAs will not receive a contribution match.

The team will continuously monitor your portfolio and manage it dynamically. It’ll be updated when needed based on your investor profile, the team’s views, and the overall market conditions. At a minimum, all positions are evaluated through the quantitative part of our process monthly. For more details, review our approach to investing.

When you sign up for a managed account, you agree to delegate trading and investing discretion to Robinhood Strategies. Therefore, you cannot direct any trading in your managed account or directly change your portfolio. However, you can make changes to your investor profile with us, to align with any changes of your goals or preferences such as time horizon and risk tolerance, which may change your portfolio mix.

If you need to make changes to your goals or preferences, you can easily adjust your investor profile within the dashboard of your managed account, scroll down to and select Adjust portfolio → Update investor profile to change your goals and preferences.

You can also update the applicable information in your investor profile via settings:

1. Select Account (person icon) → in the app, Menu (3 bars)
2. Select Settings
3. Select Personal information → Investor profile
4. Scroll to Managed account and make the applicable changes

After you update your investor profile, it will be reviewed and changes may be made to your investments. If we do make changes, your portfolio will update within 1-2 business days.

NOTE: To ensure your investments remain relevant, make sure to keep your investor profile updated whenever your goals or preferences change. We will send you a reminder to review your account on an annual basis.

Yes, as a Robinhood Strategies client, you can select up to 3 securities that you don’t want to or cannot own in your managed account.

You can only restrict securities that are tradeable with Robinhood, including: common and preferred equities, ADRs, LPs, MLPs, and REITs. However, you can’t restrict ETFs, and some ETFs might provide indirect exposure to a restricted stock.

To select what you don’t want your portfolio invested in:

• On your managed account’s dashboard, scroll to the bottom
• Select Adjust portfolio → Restrict individual stocks
• Enter the stock symbol that you want restrict
• Swipe left to restrict it

KEEP IN MIND: Your account may be subject to separate restriction controls for stocks you requested not to hold or trade (regardless of the 3 stocks you can restrict with these steps). For example, if you stated that you are (or a family member is) a senior executive or a 10% or more shareholder of a publicly-traded company, that stock will be restricted whether or not you request that it be restricted through the steps or not.

Note that restricted stocks won’t be traded in your managed account even if they can be previewed in your portfolio before it's invested.