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TradePMR sale to Robinhood sends ripples through the RIA industry both for its potential to rival big custodians and for the discount broker's potential clash with fiduciary culture

Robinhood must overcome its history of regulatory pitfalls and win the confidence of TradePMR RIAs, or see them exit to other custodians, industry insiders say.

Author Oisin Breen November 20, 2024 at 4:12 AM
1 Comment
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Vlad Tenev: 'We’re excited to join forces to build a category-defining advisory platform.'
Brooke Southall and Keith Girard contributed to the editing of this article.

RIA Custodians


Marvin

Marvin

November 20, 2024 — 12:54 PM
Many thanks for a great article! I found the article to be quite informative and am excited about the growth prospects for HOOD. I’ve been long HOOD for several years, now enjoy an ROI north of 20%, and will be adding to my position. I intend to also share the article with clients of mine and recommend that they increase their holdings. GLTA

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Mentioned in this article:

TradePMR
Asset Custodian
Top Executive: Robb Baldwin



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