The deal is expected to close in the first half of 2025 and marks the online brokerage's first attempt to win the business of financial advisors.
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Robinhood to acquire RIA custodian TradePMR for $300m
“The TradePMR team has one of the strongest RIA networks in the industry,” said Vlad Tenev, Chairman and CEO at Robinhood. “We’re excited to join forces to build a category-defining advisory platform for the next generation.”
