Robinhood has launched new products to allow families to manage money together on its platform, including a feature that allows users to share or not share certain accounts from other family members. The company's new family hub tool, which includes a mock account for CEO Vlad Tenev, can select which accounts should be visible to other members of the family. The benefit of this move is clarity on allocation, which helps families identify if they're over-allocated to tech stocks. The firm's digital advisory service, Robinhood Strategies, has also been updated with more assistance on tax-advantaged strategies and a returns hub that helps users track performance. The move is aimed at encouraging millennials to consider their finances more family-friendly.