Convergex Prime Services’ AuM Grows by 10% in Q1

Convergex, an agency-focused brokerage and trading related services provider, increased its AuM by 10% during Q1 2015, beating its prior record.

This increase, which the company attributes to new client business, represents its largest percentile increase 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, executive managing director and head of global clearing and prime services at Convergex.

Convergex also took on four times the new client assets in Q1 2015 than they did in the comparable quarter last year (Q1 2014).