Robinhood woos wealthier clients from bigger brokerages- WSJ

Robinhood logo is seen on a smartphone in front of a displayed same logo in this illustration taken, July 2, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

(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)