Robinhood Markets Inc. announced that its Trump Accounts app is now available to eligible U.S. families ahead of the program's official launch on July 4. The app allows parents and guardians to activate investment accounts for eligible children, expanding Robinhood's suite of long-term investing products to include a government-backed children's investment account.

Trump Accounts Eligibility and Contributions

Children under 18 with a valid Social Security number are eligible to establish a Trump Account. The program provides an initial $1,000 contribution from the U.S. Treasury for children born between 2025 and 2028. Additional contributions from family members, friends, and employers are capped at $5,000 annually.

Program Administration and Rollout

Trump Accounts are tax-deferred investment accounts created under President Donald Trump's 'One Big Beautiful Bill Act'. In April, Robinhood and The Bank of New York Mellon Corp. were selected by the Treasury Department to help administer the program during its initial rollout. Treasury Secretary Scott Bessent stated earlier this month that nearly 6 million children had already enrolled in the program ahead of its nationwide rollout.

Corporate Participation

The Robinhood rollout coincides with discussions between Space Exploration Technologies Corp. and the Trump administration regarding a potential stock donation to the Trump Accounts program. Several companies, including Dell Technologies Inc., SoFi Technologies Inc., and JPMorgan Chase & Co., have announced matching contribution programs tied to the accounts.

Robinhood Markets, Inc. appointed Dara Bazzano as its principal accounting officer effective June 25, 2026. The Board of Directors confirmed the appointment, which separates the principal accounting officer role from the chief financial officer position. Shiv Verma, the company's Chief Financial Officer, ceased to serve as principal accounting officer but continues in his role as CFO and principal financial officer.

Bazzano, age 58, has served as the company's Chief Accounting Officer since April 2026. Her responsibilities include accounting, tax, financial operations, financial reporting, and internal control functions. Prior to joining Robinhood, she was the California Market leader for Cross Country Consulting from June 2025 through April 2026. She previously held senior accounting roles at T-Mobile US, Inc. from 2020 to 2025 and CBRE Group, Inc. from 2018 to 2020. Earlier in her career, she served as Global Controller and Chief Accounting Officer at The Gap, Inc. from 2013 to 2018 and was an Assurance Partner at PricewaterhouseCoopers and KPMG LLP.

There are no arrangements or understandings between Bazzano and any other persons regarding her selection, and she has no family relationships with any directors or executive officers. Her compensation package remains unchanged following her appointment as principal accounting officer.

Compensation Details

Bazzano's current compensation structure includes an annual base salary of $425,000 and a target annual bonus equal to 40% of her base salary. Her annual equity target is set at $1,540,000. In addition, she received an award of restricted stock units with a grant date target value of approximately $3,300,000, vesting quarterly over two years. She also received a sign-on bonus of $400,000, payable in two equal installments.