New York, March 3, 2026, 19:06 ET — After-hours trading.
- Robinhood slipped 3.4% in late trading, capping a choppy session for the shares.
- TradePMR is rolling out a pilot for the Robinhood Advisor Network, zeroing in on clients with at least $250,000.
- March 4 brings the “Take Flight” keynote, with investors watching closely, as well as the next batch of monthly metrics coming up.
Robinhood Markets Inc shares slipped 3.4% to $76.07 in after-hours trade Tuesday. Earlier, the stock moved between $72.26 and $77.39 over the session.
On a day when sentiment turned sharply defensive, U.S. stocks lost ground. The S&P 500 slipped 0.94%, while the Nasdaq shed 1.02%. Investors grew uneasy, eyeing the escalating Middle East conflict—concerns it might push up energy prices and stoke fresh inflation jitters lingered.
That’s important for Robinhood, since the stock often behaves like a levered play on retail investors’ risk hunger. People in the market are also weighing whether its future growth will rely more on recurring fees rather than just spikes in trading activity.
Robinhood’s TradePMR unit said on March 2 that it has kicked off a pilot run for the Robinhood Advisor Network—a new in-app marketplace pairing eligible users with independent registered investment advisers, or RIAs. The initial phase is restricted to Robinhood employees who hold at least $250,000 in investible assets. A wider rollout could land in the second quarter, according to TradePMR.
Robb Baldwin, founder and CEO of TradePMR, described Robinhood to InvestmentNews as “uniquely positioned at the epicenter of the next generational wealth transfer.” According to the outlet, Robinhood plans to collect a 25% cut of the gross revenue advisers earn from clients brought in through its referral network. InvestmentNews
WealthManagement notes the program targets RIAs holding $500 million or more in assets and working with TradePMR, adding that firms exiting the program might owe a one-time payment based on referral revenue. Robinhood described the pilot as “intentionally limited” as it gauges both demand and user experience. Wealth Management
Robinhood pulled in over $5.5 billion in net deposits last month, CFO Shiv Verma said during Monday’s Citizens JMP technology conference. The platform’s tally since the year began? More than $10 billion. Net deposits, Verma explained, are the total client cash and assets flowing in after accounting for withdrawals. “Customers tend to be net buyers” when markets are choppy, he added. Full monthly numbers should land “in a week or so.” Investing
Fresh analyst calls landed as well. President Capital trimmed its Robinhood target down to $98.60 from $179, sticking with its buy rating, MT Newswires said.
The new referral model isn’t without hurdles. It needs advisers on board who are open to splitting fees, plus it faces the task of persuading clients with larger balances that paying for advice within a trading app makes sense—especially as regulators ramp up scrutiny of recommendation practices and automation on these platforms.
Wednesday night is on deck. Robinhood’s “Take Flight” keynote kicks off at 7:30 p.m. ET on March 4, with CEO Vlad Tenev joined by other execs to introduce new products — traders are watching closely for a possible near-term spark. MarketScreener
