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 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.
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.
$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 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.
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.
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 ...
InvestmentNews9h
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.
Robinhood acquisition helps fill solutions vertical, says Keefe Bruyette
Keefe Bruyette analyst Kyle Voigt keeps a Market Perform rating on Robinhood (HOOD) with a $24 price target after the company announced a $300M ...
Bloomberg L.P.11h
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 Advisor9h
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 ...
Robinhood’s new Chinese competition forces Congress’ hand to demand more information
In the world of no-fee and low-fee brokers, Robinhood is the leader, but it’s facing increasingly stiff competition from an ...
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.
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 ...