While opening a Robinhood Strategies managed account, you will be prompted to fund it. After your managed account is funded, you can move money and assets in and out, just as with your other Robinhood accounts. However, there are a few distinctions as described in this article.

• The minimum initial investment is $50
• To continue having an account managed, the minimum account value is $50
• The minimum investment for a portfolio to include individual stocks, in addition to ETFs, is $500

Managed taxable accounts Managed individual accounts support the following funding methods:

• A standard (ACH) bank transfer
• A debit card or instant bank (real-time payment) transfer
• A wire transfer
• An internal cash transfer from the same type of Robinhood account
• An external asset transfer from an outside broker, with the exception of options contracts and margin balances
• An internal asset transfer (in-kind assets only) is anticipated to be available for taxable accounts soon

Managed IRAs Managed IRAs support the following funding methods:

• A standard (ACH) bank transfer
• A physical check delivered to a PO Box (for direct rollovers only)
• An internal cash transfer from the same type of Robinhood IRA (coming soon)
• An external asset transfer from an outside broker, with the exception of options contracts and margin balances

You can also set up recurring deposits for your managed accounts. Refer to Set up recurring deposits for how-to steps.

Funds will generally be invested within 1-3 business days of a new deposit. Withdrawals will be available after full settlement, which is typically within 7 days after a deposit is initiated.

To transfer cash or invested assets out of a managed account, you can use the same methods as you would for deposits with the following exceptions:

• Instant bank transfers aren’t supported because the team needs time to sell portfolio assets to generate cash and accommodate requests
• Internal asset transfers, you’ll need to contact us for assistance moving invested assets out of your managed account and into your self-directed account

You can also transfer some or all of your securities to an outside broker with ACATS out, less any accrued unpaid management fees. Note that if you request a cash withdrawal, the investment team is notified to make sales that will raise the right amount of cash, prior to the transfer.

When requesting cash withdrawals, managed accounts may require more time than your other Robinhood accounts because portfolio assets may need to be sold to accommodate the request, which can take 1-3 business days to complete.

• Withdrawals to an external account: It may take up to 9 business days to complete a transfer, including ACH banking time.
• Withdrawals to another Robinhood account: It may take up to 4 business days to complete a transfer.
• Wire transfers: It may take up to 5 business days to complete a transfer. Keep in mind that after a wire transfer is initiated, it can’t be canceled.

All investments involve risk and loss of principal is possible.

For additional information, including about fees and expenses, risks, and conflicts of interest, review the Robinhood Strategies Form Form ADV Part 2A and Form CRS.

Robinhood Asset Management, LLC (“RAM” or “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.