Public, a private brokerage, posted on 22 September that a month after AI Agents "rolled out to everyone" it had "20K+ Agents created" and "$200M+ in AUM now run by Agents." Two accounts relayed the figure within minutes, neither dividing it by the count beside it. $200 million ÷ 20,000 = $10,000 an agent, a retail account rather than a managed mandate. Both figures carry a plus sign, so read that as central, not as a ceiling; at 30,000 agents it is $6,667, still not institutional money.
Robinhood launched Agentic Trading in May and reported in its June-quarter release "nearly 100 thousand customers have opened Agentic Trading accounts, with over $100 million in AUC" — about $1,000 an account, across five times the agents, in separate accounts Tenev said customers fund "with a relatively small amount of money."
The $200 million is five basis points of Robinhood's $384 billion of Total Platform Assets at 31 August, and 0.15 of one against Schwab's $13.08 trillion. No forward model we publish carries an agent line.
A definition would overturn this, not a figure: Public has not said whether "AUM now run by Agents" means discretionary management or the whole balance of any account an agent has traded in.
One month after AI Agents rolled out to everyone — 22 September 2026
Public's figures and wording are its own post, with nothing filed behind them; it defines neither its "AUM" nor a platform total. Robinhood's agent figures and the Tenev line are its June-quarter release and call, its platform assets the August operating data; Schwab's is its June-quarter release. Every division is ours.
