New York, March 3, 2026, 14:09 ET — Regular session
- Robinhood shares dropped roughly 2% with U.S. equities under pressure and crypto also losing ground.
- TradePMR’s unit has kicked off a pilot of the “Robinhood Advisor Network,” aiming for a wider launch in Q2.
- Next up, traders are zeroing in on the March 4 “Take Flight” event as the potential spark.
Robinhood Markets, Inc. (NASDAQ: HOOD) slipped roughly 1.9% to $77.30 by the afternoon, after bouncing between $72.26 and $77.39 earlier Tuesday. The S&P 500 ETF SPY dropped around 0.7%. Bitcoin also ticked down.
This stands out right now, with Robinhood caught between shifting risk appetites in the stock market and the volatile pace of crypto trading. If sentiment sours in either, the shares can take a hit fast.
The company wants to prove it’s not just a trading app. With markets getting jumpy again, it’s rolling out a wealth push and lining up a product keynote.
Oil’s surge, triggered by renewed Middle East tensions, rattled the broader market and stirred up inflation fears again. Investors responded by pulling back from risk assets.
Robinhood and its TradePMR division on Monday rolled out a pilot for the Robinhood Advisor Network, an in-app marketplace linking eligible users to independent registered investment advisers (RIAs), who are overseen by the SEC. For now, only select Robinhood staffers with $250,000 or more in investable assets can access the service. A wider rollout is set for the second quarter.
Advisory firms must have at least $500 million in assets and an existing partnership with TradePMR to participate in the program, according to Wealth Management. Robinhood Asset Management plans to collect 25% of gross revenue generated from referrals, the outlet reported, referencing a regulatory filing. The pilot remains “intentionally limited,” Robinhood said. TradePMR’s Robb Baldwin told the publication, “As those clients inherit wealth, they’re going to need advice.” Wealth Management
Speaking at a Citizens technology event on Monday, Robinhood CFO Shiv Verma highlighted robust customer inflows as the firm’s central metric. “We saw over $5.5 billion of Net Deposits in February alone,” he said—counting inflows after subtracting withdrawals. Investing
Eyes are on “Robinhood Presents: Take Flight,” set for Wednesday, March 4 at 7:30 p.m. ET. Robinhood’s CEO Vlad Tenev, alongside other top execs, will be rolling out fresh products during a livestream from the TWA Hotel at JFK Airport, according to the company. MarketScreener
Traders want to see if the product lineup points to reliable revenue streams outside of trading, and if the company can convert more high-balance clients to stickier, longer-term offerings. The advisor network launch is supposed to back up that story, though scaling it won’t happen overnight.
Risks cut both directions here. The referral pilot is limited in scope, and the company hasn’t disclosed how many clients hit that $250,000 mark. Market swings can easily overshadow corporate updates for days. New wealth features still face the standard gauntlet: compliance checks, pricing questions, and the basic issue of whether users keep coming back.
All eyes now shift to the March 4 “Take Flight” event. Traders want specifics—product launches, rollout schedules. After that, they’ll comb through updates for any indication Robinhood can actually drive consistent deposits and keep assets locked in.
