Why Robinhood is spending $300 million to buy a wealth management platform
Robinhood has made its name over the past decade-plus as the investing platform for millennials and Gen Zers interested in trading and exploring alternative investments like crypto. Now those early users are getting older,
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 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's Acquisition of TradePMR to Transform Wealth Management
Robinhood Markets HOOD has announced a pivotal move in its expansion strategy with the $300 million acquisition of TradePMR, a custodial and portfolio management platform specializing in services for Registered Investment Advisors (RIAs).
Robinhood to buy portfolio management platform TradePMR for $300m
Trading app Robinhood Markets has reached a cash-stock deal worth around $300m to acquire TradePMR, a custodial and portfolio management platform for registered investment advisors (RIAs). TradePMR, with over 25 years of industry experience,
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.
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