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Robinhood Targets Retirement Assets as Retail Trading Slows

Robinhood, the online brokerage known for “meme stocks” like GameStop, has started going after the retirement market as the retail trading frenzy cools. So reports Yahoo! Finance.

RobinhoodThe company has begun allowing its mobile app users to apply to be waitlisted for traditional and Roth IRAs and is offering a 1% match.

The initiative, which brings Robinhood more in line with the brokerages of Fidelity, Charles Schwab and Morgan Stanley’s E*TRADE, is poised to become fully available in January.

Read the full article from Yahoo! Finance

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