TradePMR
RIA-only custodian and Fusion software platform, owned by Robinhood.
tradepmr.comTradePMR serves only registered investment advisers. Its Fusion platform combines custody, trading and advisor tools, with clearing provided through Wells Fargo Clearing Services under the First Clearing name.
Robinhood completed its acquisition on February 26, 2025. TradePMR accounts were not converted to Robinhood accounts.
What it does
- Custody
- Fusion platform
- Clearing and execution
- Banking solution
- Cortex for Advisors AI tools
Coverage
- SEC filings show more than 400 registered RIAs below Fidelity's $100 million custody floor
Financial ADVSR, Oct 7
- High rates are redrawing custody and private-market access, and small advisors are caught in between
Financial ADVSR, Oct 7
- Schwab's Jon Beatty is one custody head offering a port in the storm after Fidelity unmoors its sub-$100M RIAs and Altruist's Jason Wenk , Apex's Bill Capuzzi and TradePMR's R. Scott Victoria are among others
RIABiz, Oct 6
- Fidelity tells RIAs under $100 million to find another custodian by mid-2027
Financial ADVSR, Oct 5
Others in Custody and clearing
All Custody and clearing vendors- AltruistRIA custodian with built-in trading, billing and reporting software.
- Axos Advisor ServicesRIA custodian operated by Axos Clearing, the former E*TRADE Advisor Services.
- BNY PershingClearing, custody and wealth technology provider for advisers and broker-dealers.
- Fidelity InstitutionalCustody, clearing and investment products for advisers, broker-dealers and banks.
- Interactive Brokers (advisor services)Brokerage and custody platform offering RIAs low-cost trading and custody.
- Schwab Advisor ServicesCustodian and technology provider for independent registered investment advisers.