Convergex, an agency-focused global brokerage and trading related services provider, has just completed its best-ever quarter of growth for its prime services business. 

From January to March of 2015, Convergex Prime Services added more assets under management from new clients than in any previous quarter since the founding of its predecessor company in 2006.
 
“We’re seeing unprecedented growth as new clients come onboard and existing clients expand their relationships with us,” says Doug Nelson, Convergex executive managing director and head of global clearing and prime services. “Our flexible, multi-custodian model is striking a chord with funds that are being ignored or underserved in the big shuffle currently underway in the prime brokerage business.”
 
Convergex’s multi-custodian model gives clients the choice of where to clear and custody their assets, and supports a seamless transition for clients who decide to change their custodial partner. Convergex has long-standing relationships with a range of clearing firms.
 
Convergex Prime Services is a leading provider of integrated prime services to hedge funds, family offices, mutual funds, and registered investment advisors (RIAs). Its customised, high-end execution solutions include direct market access (DMA) platforms, multiple custody and clearing options, advanced pre- and post-trade analytics, access to securities lending providers, and capital introduction services. By combining boutique-firm service levels and pricing with professional clearing and prime brokerage services, Convergex offers a prime services package previously available only to the largest institutions.