Robinhood to acquire TradePMR for $300 million

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
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 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.
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.
$300 Million TradePMR Acquisition Marks Robinhood’s Wealth Shift
Robinhood acquires TradePMR for $300 million, integrating wealth management tools to target RIAs and the generational wealth transfer market.
Robinhood Markets Acquires TradePMR For $300M
TradePMR has more than $40 billion in assets under management, according to Robinhood's press release. The deal gives advisors affiliated with TradePMR access to Robinhood's client base of younger millennial and Gen Z investors.
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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 ...
Think Advisor5h
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 ...
Bloomberg L.P.7h
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 ...
Finextra19h
Robinhood makes wealth management push through $300m TradeMPR deal
The acquisition of TradePMR, which has over $40 billion in assets under administration, sees Robinhood continue its ...
Robinhood Targets Affluent Investors With $300 Million TradePMR Deal
Robinhood Markets Inc plans to acquire TradePMR for $300 million in cash and stock, expanding into wealth management and catering to affluent clients.
InvestmentNews5h
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 $40 billion in assets.
Stocktwits on MSN5h
Robinhood Stock In Focus After Entry Into Wealth Advisory With TradePMR Buy: Retail Stays Upbeat
Shares of Robinhood Markets, Inc. ($HOOD) were attracting investor attention pre-market after the company announced its ...