Concept Capital To Acquire Alaris Trading Partners

Aug 1 2011 | 2:05pm ET

Institutional brokerage and hedge fund services provider Concept Capital Markets will acquire the broker-dealer Alaris Trading Partners in a deal the terms of which have not been disclosed. 

The combined company will offer institutional brokerage services to hedge funds, asset managers, and registered investment advisers on a global basis. Through strategic alliances with major securities industry firms, Concept offers clients services including multi-prime brokerage, financing, institutional reporting, outsourced middle and back office services, risk management and direct access and voice brokerage.

Alaris will be fully integrated with Concept by the end of the third quarter.

“Bringing our two companies together will allow us to capitalize on each other’s best practices, enhance our already high level of customer service, and provide our customers with an expanded offering” said Jack Seibald, co-founder and senior managing director of Concept Capital. “Alaris is a well established, fast-growing firm with a very strong sales and operations team, and an enviable track record.”

“This is a tremendously important step for us,” said Patrick Boyle, Alaris CEO and cofounder. “Concept’s product offering, in particular its expertise in risk management, both on an intraday and end of day basis, gives us a service offering that positions us to better serve existing clients and now compete for larger ones."

Concept Capital, which was spun out of Sanders Morris Harris in 2010, is headquartered in Garden City, New York and operates branch offices in New York City; Greenwich, Connecticut; Chicago, Illinois; and Bernardsville, New Jersey.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…