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TradePMR, Robinhood

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.

Think Advisor · 40m

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 advisors, as the online brokerage seeks to target a wider swath of wealthier investors. The deal — for about $300 million in cash and stock — is expected to close in the first half of next year, Robinhood said in a statement.

WealthManagement.com · 2h

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.

InvestmentNews · 49m

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.

Barron's · 2h

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.

Hosted on MSN · 10h

Robinhood Markets to acquire TradePMR for ~$300M

Financial services platform Robinhood Markets (NASDAQ:HOOD) is set to acquire the brokerage and custodian services provider, TradePMR, for ~$300M. The move comes as HOOD enters the wealth management space.

Robinhood rises pre-market

Hosted on MSN · 21h

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.

Investing.com on MSN · 23h

Robinhood rises pre-market as Needham upgrades stock to 'buy'

Robinhood Markets Inc. (NASDAQ:HOOD) shares rose in pre-market trading on Monday after analysts at Needham upgraded the stock to a "buy" rating. As per analysts at Needham, Robinhood is poised to benefit from potential shifts

Seeking Alpha · 1d

Robinhood upgraded to Buy at Needham due to expected SEC changes

Needham upgrades Robinhood Markets to Buy, citing potential benefits from SEC changes under a second Trump administration.

Bloomberg L.P.2h

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 ...

2don MSN

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 ...

Wall Street Journal1d

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. Shares of the financial services company rose 8.3%, closing at $35. The surge follows ...

21h

Robinhood rallies as analyst flags post-Trump crypto boost in upgrade

Robinhood Markets Inc.'s stock was up nearly 8% on Monday after Needham analyst John Todaro said the online broker is poised to benefit from the incoming Trump administration. Robinhood will likely la ...