Robinhood Strategies is the managed-portfolio service of Robinhood Asset Management, LLC, an SEC-registered investment adviser. Brokerage orders go through Robinhood Financial LLC. Robinhood Securities, LLC clears and custodies the securities. Both broker-dealers are SIPC members.
The adviser assigns a portfolio from an investor profile and trades it with discretion. The annual management fee is 0.25% of net portfolio value, including swept cash. Eligible Robinhood Gold members pay that fee only on the first $100,000 in each managed account.
The Form ADV brochure reported $1,518,264,544 under management as of February 25, 2026.
What are the Robinhood Strategies core features at a glance?
Robinhood Strategies is an advisory account with a 0.25% annual fee, a $50 minimum, and no direct line to the investment team.
- Adviser. Robinhood Asset Management, LLC, doing business as Robinhood Strategies.
- Portfolio. Balances under $500 are invested in ETFs. At $500 or more, U.S. mid- and large-cap stocks may be added.
- Fee. 0.25% per year on each account, accrued daily and debited monthly in arrears.
- Gold cap. Eligible Gold members pay the management fee only on the first $100,000 in each managed account. The cap does not combine with certain other offers.
- Minimum. $50 to fund. A balance under $50 may be closed after 120 days.
- Contact. Clients cannot reach the investment team directly. Support staff handle account questions.
How does Robinhood build automated strategies?
Robinhood builds a strategy from an investor profile. The team then trades that model without client order tickets.
The profile covers goals, time horizon, risk tolerance, and related attributes. For a custodial account, the profile belongs to the minor beneficiary. For a trust, the profile belongs to the trust.
The Strategies FAQ states that a balance under $500 is invested in ETFs. A balance of $500 or more may mix ETFs and individual stocks. The Form ADV limits those stocks to U.S. mid- and large-cap companies that meet the team’s criteria. The RAM customer relationship summary effective July 31, 2026 says accounts at $500 or more will include exchange-listed stocks, depending on the investor profile.
The investment universe includes U.S. and global equities, fixed income, and alternatives such as commodities, real estate, and crypto. Exposure is generally through ETFs. Managed accounts do not hold crypto directly. The FAQ says the team may buy crypto ETFs.
A client can restrict up to three tradeable securities. Those names can include common and preferred stock, ADRs, LPs, MLPs, and REITs. ETFs cannot be restricted, and an ETF can still hold a restricted stock. The client cannot direct a specific buy or sell.
Smart Income is a separate managed account whose stated objective is current income. That portfolio uses fixed-income ETFs, dividend-oriented equity ETFs, and other income securities the team selects. The 0.25% fee applies to that account on its own net portfolio value.
Editing the investor profile is how a client changes goals. The FAQ says the portfolio may update within 1 to 2 business days after that change.
What is the mechanism for automated management?
Automated management means the investment team monitors the models and places the trades.
The Form ADV says the team monitors portfolios and markets daily. The FAQ says every position is evaluated at least monthly. Drift versus the intended size is reviewed nearly every month. Rebalancing restores the target allocation when the team decides a trade is warranted. The team does not trade at the market open.
Clients cannot turn on dividend reinvestment in a managed account. The team uses excess cash from dividends to buy holdings that fit the profile.
Robinhood Strategies directs trades to Robinhood Financial and Robinhood Securities. Those affiliates earn payment for order flow on the activity. The RAM relationship summary says the firm adopted procedures to mitigate that routing conflict.
Uninvested cash must sit in the cash sweep program. The FAQ lists a 3.6% APY as of September 17, 2026, paid by program banks minus fees to affiliated sweep sponsors. That page says cash is generally kept low, likely averaging about 0.5% of the account. The management fee still applies to that cash.
How does the advisory fee structure work?
The advisory fee is 0.25% a year on each managed account’s net portfolio value, including cash.
| Account detail | Fee or constraint |
|---|---|
| Annual management fee | 0.25% of net portfolio value, accrued daily, debited monthly in arrears |
| Gold limit | Eligible members pay the fee only on the first $100,000 in each managed account |
| Gold price | $5 per month or $50 per year, billed separately from the management fee |
| Fund expenses | ETF operating costs stay inside the fund and are not paid to the adviser |
| Commissions | No Robinhood commission on the securities trades. Other brokerage fees can still apply |
On a $10,000 account, 0.25% is $25 a year. On a $100,000 account, 0.25% is $250 a year. Above $100,000 in that account, the management fee on the extra dollars is 0% for an eligible Gold member. Robinhood Gold is still $5 a month or $50 a year. The FAQ says this cap is not valid with certain other offers.
The fee is charged once per account, including a Smart Income account. Billing starts on the first day of trading. If the client ends the agreement within 5 days of that first trading day, the Form ADV says no management fee is assessed. After that window, accrued fees are charged when the account closes.
The adviser can change the rate on 30 days’ written notice. It can also waive or cut the fee on some accounts without changing the rate on others.
What are the asset classes and tax implications?
Models can include U.S. and global equities, fixed income, and alternatives such as commodities, real estate, and crypto ETFs.
Individual stocks, once the balance is at least $500, are U.S. mid- and large-cap companies that pass the team’s screens. Bond, real estate, commodity, and crypto exposure comes through ETFs when the model includes them. The Form ADV treats precious-metal ETFs as a portfolio risk, so a model can hold a gold ETF.
Clients do not pick the ETF list or the asset-class weights. They can block up to three securities. A restricted stock can still sit inside an unrestricted ETF.
A sale in a taxable account can realize a capital gain or loss. A sale inside an IRA does not create a current-year tax on that trade.
How are tax consequences handled?
Tax treatment follows the account type. A sale in a taxable account can realize a gain or a loss. A sale inside an IRA does not create a current-year tax on that trade.
In a taxable account, the team generally tries to limit sales that create taxable gains, including by choosing tax lots. Trades can still realize gains. The consolidated Robinhood Form 1099 covers the individual managed account. A managed IRA distribution can produce Form 1099-R, and a contribution can produce Form 5498.
Tax-loss harvesting is optional and runs once a year, near year-end. The Form ADV limits it to managed individual and revocable-trust accounts open at least 30 days with a balance of at least $3,000 on the harvest date. Managed IRAs and custodial accounts are not eligible. Clients start opted in and can opt out. From November, the team shows estimated losses. The client can limit harvesting to the managed account, include other taxable Robinhood accounts, realize losses beyond those estimated gains, or skip the year. Sale proceeds go into a broad ETF for 30 days, then back into the model. During those 30 days, the managed taxable account and the managed IRA are generally not rebalanced. The team does not monitor self-directed Robinhood trades, so a wash sale can still arise across accounts.
Managed IRAs do not earn the contribution match available on self-directed Robinhood IRAs. The Robinhood review states that match.
What are the tradeoffs, risks, and limitations?
The service trades a limited menu with discretion, and the client cannot call the investment team.
The Form ADV says the advisory relationship does not include direct conversations with investment personnel. Support representatives handle servicing questions. Revoking consent to electronic documents ends the advisory relationship. A self-directed individual account at Robinhood Financial has to stay open for the managed accounts to work in the app.
RAM also offers the Robinhood Advisor Network, a referral to outside advisers. The July 31, 2026 RAM relationship summary says a person generally needs at least $250,000 in investable assets for that referral, and the outside firm can set a higher minimum. RAM does not monitor the third-party account. That referral is separate from the managed portfolio.
Self-directed trading sits in the same app. The Strategies team does not watch those trades. A sale in one account and a purchase in the other can trigger a wash sale under the 30-day IRS rule.
Direct crypto is excluded. Crypto ETFs and commodity ETFs can still appear in a model. The three-security restriction does not cover ETFs.
A balance under $50 can leave the account unmanaged, and the FAQ says it may be closed after 120 days. The 0.25% fee applies to net portfolio value once the account is invested, including swept cash. Fund expenses still apply in addition to that fee.
A client cannot contribute to an IRA directly from a managed taxable account. The FAQ says the cash moves to a self-directed taxable account first. Listed account types are individual taxable, traditional IRA, Roth IRA, revocable trust, and custodial. The FAQ says support for managed joint accounts is coming soon.
What are the most common questions about Robinhood Strategies?
Is my Robinhood Strategies account SIPC insured?
Robinhood Financial and Robinhood Securities are SIPC members. SIPC can restore missing securities and cash up to $500,000, including up to $250,000 in cash, if a member firm fails. A drop in market price is outside that protection.
Can I choose which stocks the algorithm buys?
No. The investment team selects the holdings. A client can restrict up to three tradeable securities and cannot restrict ETFs.
How do I withdraw funds?
A client can request the balance minus pending transfers, transactions, and accrued management fees. If the withdrawal needs a sale, the team chooses which securities to sell, and the cash moves after settlement. An in-kind move to another Robinhood account, or an ACATS transfer out, is also available, and $50 has to remain for the account to stay open.
How often is my portfolio rebalanced?
The team monitors portfolios and markets daily and evaluates positions at least monthly. Drift is reviewed nearly every month, and the team rebalances to restore target weights. A profile change can update the mix within 1 to 2 business days.
Will a managed IRA get a contribution match?
No. The Strategies FAQ says managed IRAs do not receive a contribution match.
Why do certain misconceptions about automated strategies persist?
The managed account, commission-free brokerage orders, and crypto are separate products inside one app.
“Robinhood Strategies is a free service.” Self-directed U.S. stock and ETF orders at Robinhood carry a $0 commission. Strategies adds a 0.25% annual management fee on each managed account. Eligible Gold members pay that fee only on the first $100,000 in the account.
“I can move my crypto into my strategies portfolio.” Managed accounts do not hold crypto directly. The FAQ says the team may buy crypto ETFs. Crypto balances at Robinhood Crypto, LLC stay in a separate account and outside SIPC.
“The system predicts market crashes.” The Form ADV says the research is informed by Modern Portfolio Theory and Behavioral Portfolio Theory. The team sets asset-class views and monitors markets daily. The brochure does not describe a rule that predicts crashes.
