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Bank of NY, Robinhood Named to Administer Trump Accounts

2026-04-19 13:27:52

Bank of New York Mellon Corp. and Robinhood have been selected to administer “Trump accounts,” new savings vehicles designed for children. BNY Mellon will manage the initial accounts and develop an app, while Robinhood will act as the brokerage and initial trustee. These accounts were established under the 2025 GOP tax law and have reportedly attracted contributions from prominent business figures.

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