Robinhood Markets Inc. outlined its long-term vision during its Q1 2025 earnings call, aiming to become the leading global financial ecosystem. CEO Vlad Tenev emphasized the company's strategy to expand beyond its current retail investor base to also serve businesses and institutional clients. Robinhood is deepening its custodial dominance and increasing its wallet share, positioning itself as the primary on-ramp for retail capital and a comprehensive financial operating system. The company plans to democratize access to private markets, targeting 25 million retail investors with opportunities to invest in private companies such as SpaceX and OpenAI, which have traditionally been limited to insiders. Additionally, Robinhood Gold is expanding its premium financial services, offering access for a monthly fee of $5, aiming to make advanced financial tools more accessible to a broader audience. These initiatives suggest Robinhood is intensifying competition with established brokerage firms like Charles Schwab.