Robinhood to Acquire TradePMR for $300M in Strategic Expansion
2 minutes ago
- Robinhood to buy TradePMR in a $300M cash-and-stock deal.
- Deal expected to close by the first half of 2025.
- Acquisition aligns with Robinhood's service provider strategy.
- TradePMR links clients with registered investment advisers (RIAs).
- RIAs market valued at $7 trillion; adds growth potential.
- Robinhood expands with credit card, desktop platform launches.
- Citi and Lazard acted as financial advisers for the deal.