New Mini-Prime Opens Its Doors In March

Mar 2 2010 | 10:50am ET

There is a new player jumping into the already crowded mini-prime brokerage space.

Broker-dealer SecureVest Financial Group has teamed up with software firm AIM-TO to launch a mini-prime brokerage firm, which opened its doors on March 1.

According to the AIM-TO, the new venture, Alpha PB, will provide prime brokerage products and services to hedge funds and family offices.

“Private investment funds, high net worth individuals and separately managed accounts need a seamless way to integrate self directed trading activities with the disciplined investment practices of their wealth managers and private bankers,” said John Vaughan, president of AIM-TO. “By leveraging AIM-TO’s technology platform with SecureVest’s broker-dealer expertise, we are able to provide our clients with a premium service at a lower cost.”

New Jersey-based Alpha PB will target small- to mid-sized private investment funds, family offices and separately managed accounts.

“There is a need for our clients to have access to the best risk and portfolio management tools,” August Cellitti, CEO of SecureVest, said.


In Depth

Direct Lending: What’s Different Now?

Mar 14 2017 | 8:43pm ET

Senior direct lending funds have become riskier over the past four years, with leverage...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of