Robinhood provides updates on the referral program initially announced at the time of TradePMR’s acquisition.
Robinhood and TradePMR announced the pilot of the Robinhood Advisor Network (The Network), a new advisor marketplace designed to connect eligible customers with independent Registered Investment Advisors (RIAs) directly within the Robinhood app. The Network will be exclusively open to financial advisors working with TradePMR.
During the limited pilot testing ahead of a public launch, eligible Robinhood employees with a minimum of $250,000 in investible assets can access the Network within the Robinhood app. After a brief questionnaire, eligible Robinhood customers can browse a curated list of at least three vetted independent advisors and schedule an introductory call.
If a customer chooses to move forward with any of the independent advisors, they can establish an advisory relationship directly with their selected advisor. Account opening and funding take place with the advisor. Advisors in the Network are independent RIAs who own their client relationships and set their own services and fees.
There is no direct client fee to access the Robinhood Advisor Network itself and the client will agree to certain terms and conditions with Robinhood Asset Management to facilitate the referral. If a referred client decides to hire a third-party advisor, the referred client will pay fees to that advisor based on the terms and conditions of any investment management and advisory agreements between the referred client and the advisor. Fees and services are determined directly between clients and advisors. The Network is operated by Robinhood Asset Management, an SEC registered investment advisor. TradePMR will provide advisor technology and support via our Fusion platform, as well as custodial and brokerage services, as applicable. Once engaged by a referred client, advisors are fully responsible for advice and asset management, and all other aspects of the advisory relationship.
A Phased Rollout
The pilot is intentionally limited and will be used to validate experience quality, advisor integration, and customer demand. Robinhood plans to continue refining the program throughout 2026, with a broader launch expected in Q2 2026. As the program evolves, advisor-managed portfolios are expected to appear directly within the Robinhood app as part of a more integrated experience.
About TradePMR
For more than two decades, TradePMR has worked with growth-minded independent registered investment advisors (RIAs), providing innovative technology tools and support designed to transform their businesses. The brokerage and custodian services provider (Member FINRA/SIPC), based in Clearwater, Fla., works to streamline investment advisors' operations through comprehensive custodial, operational, and trading support. For more information, visit www.TradePMR.com.
TradePMR is a wholly owned subsidiary of Robinhood Markets, Inc.
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Referral services offered by Robinhood Asset Management, LLC (“Robinhood Advisor Network”), an SEC-registered investment advisor.
Securities offered through TradePMR Inc, Member FINRA/SIPC. Custodial Services provided by First Clearing. First Clearing is a trade name used by Wells Fargo Clearing Services, LLC, Member SIPC, a registered broker-dealer and non-bank affiliate of Wells Fargo & Company.
Robinhood Asset Management, LLC, and TradePMR, Inc., are separate but affiliated companies and wholly-owned subsidiaries of Robinhood Markets, Inc.
