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.

For custodial accounts, the custodian’s investor profile applies. The custodian is responsible for managing the account consistent with the minor’s best interests. The minor beneficiary doesn’t complete a separate investor profile.

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:

• 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 Robinhood Strategies, managing accounts based on the client’s particular circumstances and goals.

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

For regulatory purposes and to help protect your interests, Robinhood may request additional information and documents to understand the origin of funds and wealth used for account transactions.

Document requirements

Documents must meet all of the following criteria:

• File format: PDF (.pdf) or image file (.png, .jpg, .jpeg).
• Clarity and completeness: The document must be fully visible, with at least 1 corner or edge included for reference.
• Authenticity: Don't alter or manipulate documents—doing so may result in account closure. Some documents may require certification from a solicitor or accountant.
• Required information: Your name, the issuing entity's name and logo, relevant dates, account balance, and transaction details must all be clearly visible.
• Redactions: You can redact sensitive details like account numbers, but key financial information must remain visible. In some cases, we may ask to see an unredacted account number.
• Date validity: Documents should generally be issued within the past 90 days to 24 months, depending on the document type. Some exceptions may apply.
• Address: The address on the document must match the address on your Robinhood account. P.O. Box addresses aren't accepted.
• Account balance: Statements showing a $0 balance can't be accepted.

Refer to How to send in documents, for steps on how to upload documents.

Accepted documents

The following documents are accepted to verify your source of funds or wealth. If a listed document isn't available or doesn't apply to your situation, we may accept other evidence.

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.