Robinhood to acquire TradePMR for $300 million

Robinhood Dives Into Wealth Management With Acquisition of TradePMR
The brokerage firm will buy TradePMR, which custodies assets on behalf of financial advisors and has more than $40 billion in assets under advisement.
Robinhood to acquire TradePMR for $300 million: Here's what the CEOs have to say
Vlad Tenev, Robinhood Chairman & CEO, and Robb Baldwin, TradePMR founder & CEO, join CNBC's 'Halftime Report' to discuss the acquisition and what it means for the fintech landscape.
Robinhood to acquire TradePMR for $300 million to boost advisory business
Retail trading platform Robinhood Markets will acquire portfolio management platform TradePMR in a cash-and-stock deal for about $300 million, the companies said on Tuesday.Robinhood has been pushing to grab market share from traditional brokerages such as Charles Schwab and Fidelity Investments in its effort to become to a full-fledged financial services provider.
How Robinhood's TradePMR acquisition changes the industry
Experts say this acquisition will have far-reaching effects on the entire wealth management industry as a generational shift is underway.
Robinhood to Acquire $40B AUA TradePMR
The deal marks Robinhood’s move into wealth management. The firm says it wants to connect its investors with human advisors.
Robinhood to Acquire TradePMR for $300M to Expand Wealth Management
Robinhood announces $300 million acquisition of TradePMR to expand its wealth management services, integrating a $40 billion RIA platform.
Bloomberg L.P.13h
Robinhood to Buy TradePMR for $300 Million in Wealth Client Push
Robinhood Markets Inc. agreed to buy TradePMR, a custodial and portfolio management platform for registered investment advisors, as the online brokerage seeks to target a wider swath of wealthier ...
Think Advisor11h
Robinhood to Buy TradePMR for $300M in RIA Push
Robinhood Markets Inc. agreed to buy TradePMR, a custodial and portfolio management platform for registered investment ...
Crowdfund Insider8h
Robinhood Acquires RIA TradePMR to Add Real People to its Platform
Robinhood (NASDAQ:HOOD) has acquired TradePMR, a registered investment advisor (RIA) with $40 billion in assets under ...
The Financial Times13h
Live news: Robinhood buys adviser platform TradePMR in push beyond online trading
Robinhood is pushing into services for registered investment advisers with the $300mn cash-and-shares purchase of TradePMR, a portfolio management platform that marks the broker’s latest move ...
Business Insider19h
Robinhood to acquire RIA platform operator TradePMR
Robinhood (HOOD) Markets announced it has entered into an agreement to acquire TradePMR, a custodial and portfolio management platform for Registered Investment Advisors, or RIAs. “With over 25 ...
InvestmentNews11h
Robinhood ventures into the RIA space with $300M TradePMR deal
The transaction, set to complete in the first half of next year, will give the online trading giant access to a platform supporting 350 advisory firms managing more than $40 billion in assets.
Stocktwits on MSN11h
Robinhood Stock In Focus After Entry Into Wealth Advisory With TradePMR Buy: Retail Stays Upbeat
Shares of Robinhood Markets, Inc. ($HOOD) were attracting investor attention pre-market after the company announced its ...