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
• The minimum transfer amount for each internal asset transfer is $50

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)

Managed IRAs

Managed IRAs support the following funding methods:

• A standard (ACH) bank transfer
• An instant bank (real-time payment) transfer
• A physical check delivered to a PO Box (for direct rollovers only)
• An internal asset or cash transfer from the same type of Robinhood IRA
• 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. Note that recurring deposits into a managed account from another Robinhood account isn’t yet available.

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.

Instant Deposit limits

Your Instant Deposit limits are based on your account value, deposit history, and status across all your Robinhood accounts.

For asset transfers with sizable embedded gains into your managed taxable account, we’ll review the tax impact of a transition to the portfolio that aligns with stated goals and preferences. If the estimated realized gains from the transition of transferred assets to your managed portfolio meets the eligibility criteria, we’ll prompt you with a banner in your dashboard to review it, along with a recommendation on how the impact to your managed account can be reduced by transferring a subset of assets to your self-directed account. You’ll also have the ability to customize this by indicating the amount of gains you’d be comfortable with.

Note: If you don’t make a selection within 7 days of being prompted to choose one, the default approach will occur (1st option below). With each selection, we’ll show you the estimated gain and estimated future tax based on your stated income.

We’ll prompt you to review and choose between:

1. Maintain all of your transferred assets in your managed account (we’ll default to this option). This considers assets we’ll continue to hold and ones that won’t align with your goals and preferences.
2. To reduce the tax impact of the transition to your managed portfolio, we’ll transfer recommended shares with gains to your self-directed, individual investing account and manage the remaining assets in your managed individual account.
3. If you’d instead like to customize the impact, you can choose to “Set target” and enter the amount of realized gains you are comfortable with.

You’ll then be prompted to confirm. Your asset transfer will be initiated and the investment team will take it from there.

The criteria to receive this feature includes:

• Stated income of $50,000 or higher
• Total gains that could be realized of at least $3,000 and at 3% of the portfolio market value or total gains that could be realized of at least $10,000
• Asset transfer must be to a taxable account

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.