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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.

Reuters on MSN · 19h

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 · 7h

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 · 20h

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.

cryptonews · 11h

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.

Financial Planning · 10h

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 upgraded to Buy at Needham

Yahoo · 17h

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 Robinhood’s rollout of new cryptocurrencies, including Solana and XRP. “We wanted to just do it the right way and in lockstep with our regulatory agencies,

CNBC on MSN · 1d

Robinhood: Here's why Needham upgraded the stock to buy

John Todaro, analyst at Needham, joins CNBC's 'Money Movers' to discuss why his firm is upgrading Robinhood to a buy, what the incoming administration means for crypto and crypto trade, and more.

Fintel on MSN · 17h

Needham Upgrades Robinhood Markets (HOOD)

Fintel reports that on November 18, 2024, Needham upgraded their outlook for Robinhood Markets (NasdaqGS:HOOD) from Hold to Buy. Analyst Price Forecast Suggests 25.05% Downside As of October 22, 2024,

InvestmentNews18h

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.

Bloomberg L.P.20h

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 ...