Robinhood woos wealthier clients from bigger brokerages- WSJ

(Reuters) – Robinhood Markets is attracting customers from other brokerages, and is seeking 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 offering a 1% match on transferred brokerage accounts, the Wall Street Journal reported.

(Reporting by Gursimran Kaur in Bengaluru; editing by Diane Craft)