US Weighs Tapping Robinhood for Trump Accounts for Children (1)

The US federal government is considering handing fintech Robinhood Markets Inc. a key role in overseeing the new “Trump accounts” it’s creating for millions of children.

Robinhood has begun internally preparing in case it’s selected to become a trustee for the project, according to people with knowledge of the matter. Meanwhile, some of the country’s largest brokerages, including Fidelity Investments and Vanguard Group Inc., have so far not been on the list of candidates considered for the initial rollout or solicited about it, according to separate people familiar with the matter, who asked not to be identified discussing information ...