I have some big news to share today. I'm excited to announce that Pluto has been acquired by Robinhood! This is a milestone moment for our company, and I want to take a moment to reflect on our journey and share why I believe Robinhood is the perfect long-term home for Pluto.
Pluto's mission has always been to empower individuals to make better investing decisions. The inspiration traces back to my time at Bridgewater Associates, where I saw firsthand how they transformed decision making into algorithms. I realized everyday investors lacked access to the same sophisticated tools and insights that the ultra-wealthy rely on. Pluto grew organically from my attempts to replicate an algorithmic approach for my own investing. As I shared my solutions with others encountering similar challenges around accessing and analyzing financial data, the potential for Pluto crystallized.
Fast forward to today, Pluto offers an AI-powered investing copilot that integrates real-time market data, sentiment analysis, analyst predictions, and more to deliver unique and actionable insights. We've built a platform that puts the types of tools used by Wall Street analysts into the hands of Main Street investors. Hearing stories of how we've helped thousands of people feel more informed and in control of their financial future has been incredibly rewarding.
So why Robinhood? The alignment was clear from our first conversation. Robinhood shares our commitment to democratizing access to financial services and tools that have historically been gated to the wealthy. With a mission to provide everyone with access to the financial markets, not just the rich, Robinhood has built a phenomenal suite of products - brokerage, retirement accounts, credit cards - that serve as the bedrock of people's financial lives. As Robinhood expands its offerings, Pluto is a natural next step to help customers maximize these tools and make smarter decisions across their portfolio.
The Pluto product and vision will continue to grow and evolve under the Robinhood umbrella. With Robinhood's massive user base, robust infrastructure, and regulatory expertise, we'll be able to pursue our shared vision at even greater velocity and scale. I firmly believe the combined offering will be a game-changer. Imagine a proactive, AI-driven financial partner constantly working to optimize your money across spending, saving, and investing, all instantly accessible from your pocket. We have the opportunity to reshape personal finance and help millions of households live better lives through smarter money management. This gets me fired up, and I can't wait to bring it to life together.
To the entire Pluto community, it's been a privilege to be a part of your financial journey. I'm so appreciative of your support and feedback that helped us continuously refine the product.
The road ahead is bright and I couldn't be more excited for this next chapter. Onward!
Jacob
Robinhood Markets, Inc. is officially acquiring Pluto Capital, Inc. 🤝
An artificial intelligence (AI) powered investment research platform, that delivers highly-customized investment strategies based on customer needs and financial goals. rbnhd.co/robinhood-pluto
President at Wilke Enterprises, Inc.
1moPray you do not get stuck where you cannot get into your account like I did. It has been 29 days since I have not been able to access my account. Have sent them required verificaitons five different times (on June 9th, June 16th, June 23rd, June 27th, and July 3rd) and have not heard back from them after each time. Had to contact the SEC since Robinhood technical support does NOT care about helping you with your account when the issue is on their side (which I have proven many times to them).They are holding my account and money hostage!!!!!!!!