Ep. 334 Robinhood's Chief Brokerage Officer On Seasonalities And New Investors

In this episode of the Investing With IBD podcast, host Justin Nielsen interviews Steve Quirk, the Chief Brokerage Officer at Robinhood, to discuss the company's recent growth and business strategies. Quirk attributes Robinhood's success to delivering services that meet the evolving needs of their primarily millennial customer base, including retirement accounts, crypto options, and high-yield products. He also touches on the wealth transfer to younger generations and how Robinhood is positioned to capture this market. The conversation explores Robinhood's approach to educating and building trust with younger investors, the role of technology in driving efficiency, and the company's revenue model, which includes payment for order flow and securities lending. Quirk details Robinhood's expansion into managed accounts, international markets, and event contracts, including sports-related ones, while also addressing concerns about responsible investing and market volatility.