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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.

WealthManagement.com · 3h

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.

Bloomberg L.P. · 3h

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 investors. The deal — for about $300 million in cash and ...

Yahoo · 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.

Think Advisor · 1h

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.

Robinhood upgraded to Buy at Needham

Yahoo · 30m

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,

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.

Business Insider · 23h

Robinhood upgraded to Buy at Needham after Trump’s election win

Needham upgraded Robinhood (HOOD) to Buy from Neutral with a $40 price target Donald Trump’s election win stands to “materially benefit the

Financial Advisor IQ8m

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 ...

InvestmentNews1h

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.

23h

Robinhood’s Growth Potential: SEC Changes and Retail Market Opportunities Drive Buy Rating

Robinhood Markets (HOOD – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst John Todaro ...

22h

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 ...