Robinhood woos richer clients from bigger brokerages

Dec 16 (Reuters) – Robinhood Markets (HOOD.O) is attracting customers from other brokerages, and is looking to expand beyond its base of young, first-time investors, the Wall Street Journal reported on Saturday.

Through Wednesday, the trading app received about $1.1 billion in account transfers since Oct. 23, when it began giving a 1% match on transferred brokerage accounts, the Wall Street Journal reported.

Reporting by Gursimran Kaur in Bengaluru; editing by Diane Craft

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