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Robinhood Markets, TradePMR

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.

Barron's · 1h

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.

WealthManagement.com · 5h

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.

2hon MSN

Cramer's Mad Dash: 'Robinhood has the next generation of investors'

CNBC's Jim Cramer reports on the latest from Robinhood. Gov Newsom announces decision in Menendez brothers case How To Get ...

What’s Next for Robinhood After Monday’s Stock Surge?

Robinhood’s shares surged to a three-year high after Needham analysts upgraded the stock early Monday. The surge follows ...

InvestmentNews3h

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.

The Financial Times5h

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 beyond ...

Think Advisor3h

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.5h

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 ...

Financial Advisor IQ2h

Robinhood to Buy $40B RIA Platform TradePMR

The deal, which will further engrain Robinhood into traditional wealth management, is valued at around $300 million. Zero-commission pioneer Robinhood Markets is taking a big swing at the registered ...