Robinhood to Acquire TradePMR for $300 Million to Boost Advisory Business
"Robinhood's client base is the next generation of investors. We believe this acquisition allows us to build a multi-generational platform that will help introduce financial advisers to this next generation," said Robb Baldwin, founder and CEO of TradePMR.
Robinhood to Acquire TradePMR, Expanding Into RIA Wealth Management
The firm known for stock trading will connect users to financial advisers, expanding further into financial services after entering retirement savings about two years ago.
Robinhood buys wealth management platform TradePMR
Ahead of what’s projected to be the largest wealth transfer in history, Robinhood is bringing financial advisers directly to its 24 million customers.
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 Dives Into Wealth Management With Acquisition of TradePMR
Robinhood Markets made its name with a free stock-trading app. Now, it’s getting into wealth management. Robinhood has struck a deal to buy TradePMR, a financial company that provides custody, technology,
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 Buy TradePMR for $300M in RIA 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 investors.
What the Robinhood TradePMR deal means for RIAs
While results of the deal won’t be seen for years, RIAs remain optimistic about the opportunities it presents for the space.
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 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.
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.
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Robinhood to Buy TradePMR for $300 Million in Wealth Client Push
Robinhood Markets Inc. agreed to buy TradePMR, a custodial and portfolio management platform for registered investment advisors, as the online brokerage seeks to target a wider swath of wealthier ...
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Robinhood Stock In Focus After Entry Into Wealth Advisory With TradePMR Buy: Retail Stays Upbeat
Shares of Robinhood Markets, Inc. ($HOOD) were attracting investor attention pre-market after the company announced its ...