OneVest Launches Schwab Advisor Center Digital Onboarding Integration

Robinhood has rolled out new AI trading agents that let users connect a chatbot such as Anthropic's Claude or OpenAI and direct it to place trades, Fortune Finance & Crypto Editor Jeff John Roberts said on Fortune Daily with Ellie Austin. Roberts said users can log into Robinhood, name the agent, and instruct it to buy shares such as Tesla. He framed the launch as the first arrival of a feature he expects every other company to add within the next couple of years, rather than an immediate overhaul of investing. Roberts warned of unintended consequences from letting agents trade while users sleep, including herd behavior if many agents converge on the same stock, and said that while guard rails exist, not everyone will use them.

Robinhood has placed its autonomous trading technology inside a separate legal entity, Robinhood Labs LLC, while keeping brokerage operations in Robinhood Financial LLC, creating a legal firewall between the two. Robinhood Labs LLC is explicitly not a broker-dealer, investment adviser, futures commission merchant, or money transmitter, and company disclosures state it does not provide investment advice, hold customer funds, or execute transactions. The user agreement requires customers to assume all risk for trades executed by AI agents and for any use of their data by third-party LLM providers. Robinhood reports that over 150,000 customers have opened agentic trading accounts since their May 2026 launch, with agents using tools nearly 30 million times per day, though these figures are self-reported and have not been independently verified. The model operates in a regulatory vacuum: the 2026 Annual Regulatory Oversight Report called existing rules technologically neutral, FINRA Rule 3110 requires reasonably designed supervisory systems without specific guidance on corporate separation, and the SEC has stayed silent on using a non-broker subsidiary to shield a parent from autonomous agents. Registered Investment Advisers remain barred from using AI agents to manage client money under fiduciary standards, while retail users on platforms like Robinhood can grant autonomous trading authority, and major firms including Fidelity, Charles Schwab, Interactive Brokers, eToro, and Webull have announced no similar separation. SEC Rule 15c3-5, the Market Access Rule, is the primary lever that could dismantle the template, and the alter-ego doctrine could pierce the liability shield if courts find the brokerage controls the Labs entity's operations.

IG Group shares fell as much as 27.2% to their lowest level since April 2025 after the British online trading platform said it expected third-quarter revenue of about £240 million, down 14% from a year earlier, as it retained less revenue from customer trading losses in its over-the-counter derivatives business. The company said OTC revenue retention was about 70% in the quarter, below the roughly 80% average since it introduced changes to its market-making operations in the second half of 2025, and it cut its 2026 revenue growth outlook to a mid-single-digit percentage range year-on-year. Third-quarter net trading revenue is expected at about £210 million, down from £249.5 million a year earlier, with OTC net trading revenue falling about 18% to £155 million while OTC customer income rose about 8%. Customer activity remained strong, with organic first trades up more than 25% year-on-year and active customers rising about 17%, and the Underdog business more than doubled third-quarter net revenue to about $105 million ahead of the seasonally important fourth quarter. Chief Executive Breon Corcoran said growth in first trades and active customers remained strong in Q3 2026, while lower revenue reflected reduced OTC revenue retention in less supportive market conditions; IG also expects about £30 million of non-recurring costs in 2026 tied to moving its domicile to Jersey and restructuring, after recording £16.4 million of those costs in the first half, and excluding those and Underdog acquisition expenses it expects a 2026 EBITDA margin in the low-40% range.