Robb Baldwin, founder and CEO of TradePMR, has been recognized in conjunction with John Peluso, head of First Clearing, for their efforts to launch an RIA channel within a wirehouse. The magazine cites,
“In partnership with the custodian TradePMR, Wells Fargo officially launched its new RIA channel in 2019, the first attempt from a wirehouse to do so. John Peluso, president of Wells Fargo’s First Clearing (pictured), and Robb Baldwin, CEO of TradePMR, anticipate opening the doors of the new offering to non-Wells Fargo advisors in 2020. RIAs, breakaway brokers, and other wirehouses will be watching Wells Fargo to evaluate whether it can gain traction in the marketplace.”
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