Robinhood Secures $3B Wells Fargo TradePMR Team, CFO to Present May 27
HOOD•Robinhood’s TradePMR unit added a $3 billion team from Wells Fargo, enhancing its clearing and custody services. CFO Shiv Verma is scheduled to present at the Bernstein Strategic Decisions Conference on May 27 at 4:30 PM ET with a live audio webcast and 90-day replay.
1. TradePMR Hiring Win
Robinhood’s clearing and settlement arm, TradePMR, has recruited a team from Wells Fargo overseeing approximately $3 billion in assets, aiming to bolster its institutional custody and trade processing capabilities.
2. Bernstein Conference Presentation Details
Chief Financial Officer Shiv Verma will present at the Bernstein Strategic Decisions Conference on May 27, 2026, at 4:30 PM ET. A live audio webcast will be available, with a recording accessible for 90 days afterward.
3. Strategic Implications
The addition of the Wells Fargo team is expected to accelerate TradePMR’s growth in the institutional clearing market and diversify Robinhood’s revenue streams beyond retail brokerage and crypto services.
