"The needs of Robinhood customers are evolving, and they are seeking advice on how to build and manage their growing portfolios. We believe this acquisition is the next step in serving these investors as their needs evolve and mature."
"TradePMR is a platform for RIAs to connect with investors seeking individualized, fee-only financial advice, and the partnership with Robinhood is expected to take the form of a referral network, coupling the fiduciaries with Robinhood's clients."
"This acquisition is especially timely since a wealth transfer of an estimated $84 trillion is set to unfold over the next few decades in the U.S., leaving younger investors with more money that they may need help managing."
"Connecting its customer base with TradePMR's existing network of investment advisors means they will have access to fiduciary financial advice for their individual goals and risk tolerance, all within the Robinhood ecosystem."
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