Things to know before looking out for a Prime Brokerage Services

Before starting your search for the best Prime brokerage, you need to ask the following questions to yourself.

When it comes to selecting the right broker, what you need to look for is a brokerage suitable for your needs. Your friends might suggest some, but then, they might have a lot of money to invest which is why they are being given a preferential
treatment by their broker. What you need to look at is whether the broker you’ve selected is readily available over the phone so you can take advice when required and whether he’s charging reasonable commissions from you or huge amounts.

Before starting your search for the best Prime brokerage, you need to ask the following questions to yourself:

1.How much money do I have for investment? The more you have for investment, the more options you’ll have and the more Prime brokerage services will be available for you.

2.What Kind of investments am I planning to make? The commonly traded stocks are available to everyone, but if you’re looking for the less traded ones or for each and every mutual fund available and access to the most wanted IPOs, you’d require a broker who provides Prime brokerage services.

3.How often will I trade? The more you trade, the lesser will be the commissions.

4.How much hand-holding do I need? If you require more help than it’s better to go for a broker who provides Prime brokerage services.

It also depends on what kind of investor are you? Broadly this can be divided into five categories:

1.Small Investor- You’re just starting to trade and have really small amount to invest in the market.

2.Buy-and-hold Investor- You are too busy to invest too much time in the stock market and mostly stick to mutual funds or a list of stocks that do not change much.

3.Active trader- You trade all through the day and are always looking for profit from the transactions.

4.Handheld Investor- You requires help or advice with all your investments.

5.Big Investor- You have huge amount for investment in the market.

In short, whether you have small amount to invest or a big amount, it is always advisable to go for the Prime brokerage services provided by a good, professional broker who understands your specific brokerage needs. Since Prime brokerage involves the clearance and settlement of securities traded by active market participants, it needs to be handled by a broker who’s good enough at his job and can provide personalized customer service to you.

Triad Securities Corp. (member of SIPC) provides personalized Prime brokerage services to over 300 accounts through a centralized group of trained prime brokerage specialists who address all your U.S. and international clearing, financing and support needs.