Robinhood / TradePMR 2024
Robinhood Markets acquired TradePMR for $300M on November 19, 2024.
- Target
- TradePMR
- Acquirer
- Robinhood Markets
- Deal value
- $300M
- Announced
- November 19, 2024
- Sub-sector
- Wealthtech
Transaction overview
- Robinhood Markets announced the acquisition of TradePMR on November 19, 2024 for $300M.
- The deal is expected to close pending customary conditions.
Strategic rationale
Robinhood gains RIA custodial platform and access to advisors' affluent clients; diversifies revenue from trading into advisory services.
Deal terms & multiples
Frequently asked questions
How much did Robinhood Markets pay for TradePMR?
Robinhood Markets acquired TradePMR for $300M, announced on November 19, 2024.
When did Robinhood Markets announce the acquisition of TradePMR?
Robinhood Markets announced the acquisition of TradePMR on November 19, 2024.
What sub-sector is TradePMR in?
TradePMR is tracked in the Wealthtech sub-sector.
Sources
- financial-planning.com /news/how-robinhoods-tradepmr-acquisition-changes-the-industry