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.

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 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:

• Keeping your account safe and identifying suspicious activity
• Ensuring compliance with regulatory obligations to keep the financial services industry safe
• Determining customer eligibility for certain products and services
• Considering relevant customer-specific information when making a recommendation that is in your best interest

For more information about how we collect and use your data, see our privacy policy.