Robinhood (NASDAQ:HOOD) has acquired TradePMR, a registered investment advisor (RIA) with $40 billion in assets under administration based in Florida. TradePMR is said to have “one of the strongest RIA networks in the industry.” The goal is customer acquisition, and the two companies plan to build… Read More
Betterment, which claims to be one of the largest independent digital financial advisors, has recently announced that Betterment for Advisors, its RIA custody division, has changed its name to Betterment Advisor Solutions to “better reflect the breadth of products and services it offers.” Betterment Advisor… Read More
Betterment, the independent digital financial advisor, announced that Betterment for Advisors, its RIA custody division, has added new integrations with eMoney Advisor, Kwanti and Panoramix, which are available immediately to all advisors on the platform. Independent advisors need tools and software that “can work together… Read More
Anchorage Digital, a federally chartered digital asset bank, has added a Registered Investment Advisor (RIA) service to its portfolio of offerings. Anchorage focuses on the institutional market. RIAs are registered entities that can provide recommendations on investments and are required to act on behalf of… Read More
Fidelity Investments 2023 M&A Valuation & Deal Structure Survey “revealed a 237% increase in registered investment advisor (RIA) M&A deals, with 492 reported transactions, up from 146 for the 2017- 2019 study period.” The survey, which examines trends and buyer perceptions “related to RIA M&A… Read More
Republic Capital Group, an investment banking firm specializing in the RIA, asset and wealth management, and securities-related industries, acknowledges its client, Parallel Advisors, on its acquisition of AUTUS Asset Management and substantial investment from Golden Gate Capital, a private equity investment firm. In connection with… Read More
Xoom, an international money transfer service created by PayPal, announced on Tuesday it has formed a partnership with Ria, a Euronet Worldwide subsidiary and global money remittances firm, to offer Xoom customers cash pick-up service at more than 150,000 of Ria’s international network locations. Xoom reported that… Read More
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