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

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of