
New Mini-Prime Broker Will Provide Full-Service Platform for Private Investment Funds and Family Offices
Formed by strategic alliance of broker-dealer and software leaders, Alpha PB launches in March 2010
JERSEY CITY, N.J., March 11 /PRNewswire/ -- SecureVest Financial Group, a full-service broker-dealer, and AIM -TO, a leading software provider for investment funds, today announced a strategic alliance through which SecureVest will launch a new Mini-Prime Brokerage business in March, 2010. The venture, referred to as Alpha PB, will provide a front end execution, OMS and risk-management platform which will interface directly with SecureVest's routing and execution portals and provide access to its Prime Broker products and services designed specifically to meet the unique requirements of private investment 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 T. 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."
Alpha PB will target small to mid-size Private Investment Funds Family Offices and separately managed accounts looking to become more pro-active in the construction, maintenance and risk management of their portfolios, including managing segments of their portfolio directly.
"There is a need for our clients to have access to the best risk and portfolio management tools," Mr. August Cellitti, CEO of SecureVest, said. "This alliance enhances our broker/dealer services to include access to a technology platform that will be providing key intra-day risk, portfolio and operational management tools to complement our expert client service."
Stephen Casner, CEO of AIM-TO said, "After the events of 2009, every investment manager is looking to diversify their counter-party risk. The challenge is how the investment manager can afford to monitor all of the disaggregated information from these counter parties without affecting profit margins. Alpha PB will be the first introducing prime broker technology provider to leverage AIM-TO's multi-prime broker technology to allow a manager to achieve the benefits of diversification without sacrificing on price or service."
About AIM-TO Corporation
Based in Jersey City, New Jersey, AIM-TO offers consulting, plus front, middle and back-office solutions for Hedge Funds. AIM-TO also offers Hedge Fund clients its HedgeSpend product which provides outsourced processing and reporting to enable a fund to reduce, control, and recover back-office costs associated with market data, telecom and other allocated expenses. Further information about AIM-TO can be found at www.aim-to.com.
About SecureVest
SecureVest, LLC is a full-service broker-dealer with operations in New Jersey, Florida and California catering to both retail and institutional accounts with a focus on fixed income securities. Originally founded in 1981, the firm underwent a name and management change in 2007. SecureVest traders bring with them a wealth of experience and expertise in securities such as Municipal Bonds, US Government Agency, CMOs, Corporate Debt, CDs and U.S. Treasuries. The Firm maintains strong relationships with all of the major investment banks as well as most of the small to medium size investment firms. SecureVest Financial Group, Inc. is a member of FINRA, SIPC and is registered with the MSRB. Further information about SecureVest is available at www.securevest.com.
Contact: |
|
Tim Vaughan |
|
(646) 963-9132 |
|
SOURCE AIM-TO Corporation
Share this article