Private fund prime brokers, ranked by funds served

173 firms named as prime broker by at least one private fund, ranked by the number of private funds whose adviser names them on SEC Form ADV. Columns show how many of those funds are hedge funds, private equity, venture capital and real estate funds. Firms named on fewer than 5 funds are not listed.

#	Firm	Private funds	Hedge	PE	VC	Real estate
1	Goldman Sachs	2,447	2,255	140	14	5
2	Morgan Stanley	2,397	1,917	179	232	1
3	J.P. Morgan	2,031	1,759	137	75	2
4	Bank of America / Merrill	1,204	823	120	222	3
5	UBS	690	634	25	25	0
6	Interactive Brokers	620	558	29	4	2
7	Barclays	508	484	22	0	0
8	Citi	504	466	26	2	3
9	Jefferies	407	349	32	7	0
10	BNP Paribas	396	366	18	0	0
11	Wells Fargo	396	318	53	12	9
12	Fidelity	365	336	12	4	3
13	BTIG	344	286	41	2	4
14	Pershing	332	266	14	5	1
15	Deutsche Bank	179	163	11	1	2
16	Raymond James	165	6	79	36	0
17	Charles Schwab	146	79	30	11	1
18	First Republic Bank	135	6	124	2	3
19	HSBC	135	124	5	0	0
20	Coinbase	127	60	19	41	0
21	Marex	123	113	6	0	0
22	Cantor Fitzgerald & Co.	96	57	27	0	0
23	Credit Suisse	88	79	6	2	0
24	Clear Street	68	66	1	0	0
25	TD Prime Services LLC	68	68	0	0	0
26	StoneX	62	54	2	0	0
27	BNY	53	42	7	1	0
28	TD Securities (USA) LLC	52	34	18	0	0
29	SG Americas Securities, LLC	49	49	0	0	0
30	CIBC	41	33	0	0	0
31	Northern Trust	39	30	4	0	0
32	State Street	35	31	3	0	0
33	Oppenheimer & Co. Inc.	34	1	21	9	0
34	Cowen Prime Services LLC	31	25	2	2	0
35	Cowen and Company	31	21	5	5	0
36	Societe Generale International Limited	31	30	0	0	0
37	M. S. Howells & Co.	30	29	1	0	0
38	Societe Generale	28	16	3	7	0
39	Stifel	28	5	1	21	0
40	CF Secured, LLC	27	24	0	0	0
41	Wedbush Securities Inc.	26	25	1	0	0
42	Citicorp Securities Services, Inc.	25	25	0	0	0
43	Scotia Capital (USA) Inc.	19	19	0	0	0
44	BMO	18	17	0	0	0
45	Prime Dealer Services Corp.	18	18	0	0	0
46	Canaccord Genuity LLC	17	7	10	0	0
47	Velocity Clearing, LLC	16	16	0	0	0
48	China International Capital Corporation Hong Kong Securities Limited	15	2	9	4	0
49	BitGo	14	10	0	4	0
50	Celadon Financial Group LLC	14	3	11	0	0
51	Maxim Group LLC	14	11	0	3	0
52	Nomura International PLC	14	13	0	0	0
53	Haywood Securities (USA) Inc.	13	3	7	1	0
54	RBC Capital Markets, LLC	13	11	2	0	0
55	ADM Investor Services, Inc.	12	11	0	0	0
56	Apex Clearing Corporation	12	12	0	0	0
57	Standard Chartered Bank	12	12	0	0	0
58	TD Ameritrade, Inc.	12	10	0	0	0
59	The Bank of Nova Scotia	12	12	0	0	0
60	Piper Sandler & Co.	11	0	0	9	0
61	Falconx Limited	10	3	0	7	0
62	Natwest Markets PLC	10	10	0	0	0
63	PI Financial (US) Corp.	10	0	10	0	0
64	ABN Amro Securities (USA) LLC	9	0	1	0	0
65	Forge	8	0	8	0	0
66	Kotak Mahindra, Inc.	8	7	1	0	0
67	Macro Risk Advisors LLC	8	1	7	0	0
68	Mirae Asset Securities (USA) Inc.	8	8	0	0	0
69	NH Investment & Securities Co.,ltd.	8	8	0	0	0
70	ORD Minnett Inc.	8	0	8	0	0
71	R.J. O'Brien & Associates LLC	8	8	0	0	0
72	Richardson Gmp (USA) Corp.	8	0	8	0	0
73	Robert W. Baird & Co. Incorporated	8	2	2	4	0
74	ABN Amro Clearing USA LLC	7	7	0	0	0
75	Banco Btg Pactual S.A.	7	0	7	0	0
76	MFX Solutions	7	0	7	0	0
77	Nomura Securities International, Inc.	7	3	3	0	0
78	RBC Dominion Securities Inc.	7	5	2	0	0
79	Tradestation Securities, Inc.	7	5	0	1	0
80	U.S. Bank	7	4	0	0	0
81	Western International Securities, Inc.	7	0	7	0	0
82	Wintrust Investments LLC	7	6	0	0	1
83	Bank of Montreal	6	6	0	0	0
84	Canadian Imperial Bank of Commerce	6	6	0	0	0
85	D.A. Davidson & Co.	6	6	0	0	0
86	KB Securities Co., LTD.	6	5	0	0	1
87	Korea Investment & Securities Co., LTD.	6	6	0	0	0
88	Ladenburg Thalmann & Co. Inc.	6	0	6	0	0
89	Société Générale	6	2	0	4	0
90	The Mauritius Commercial Bank Limited	6	6	0	0	0
91	A.G.P. / Alliance Global Partners	5	4	1	0	0
92	Cowen Execution Services LLC	5	5	0	0	0
93	IN on Capital S.A.	5	0	0	0	0
94	Kotak Securities Limited	5	2	2	0	0
95	Nordea Bank Asa	5	0	4	1	0
96	Robotti Securities, LLC	5	5	0	0	0
97	Afrasia Bank Limited	4	4	0	0	0
98	Allen & Company LLC	4	0	0	4	0
99	China International Capital Corporation Limited	4	2	1	1	0
100	Cicc Financial Trading Limited	4	4	0	0	0
101	E*trade Securities LLC	4	3	0	0	0
102	Insigneo Securities, LLC	4	0	0	0	0
103	Leerink Partners LLC	4	0	3	1	0
104	Macquarie Futures USA LLC	4	4	0	0	0
105	Pictet & Cie (Europe) S.A.	4	0	0	0	0
106	Regiment Securities, Llc.	4	0	0	4	0
107	Triad Securities Corp	4	3	0	0	0
108	Citizens Jmp Securities, LLC	3	0	0	3	0
109	Macquarie Bank Limited	3	3	0	0	0
110	NH Investment & Securities Co., LTD.	3	3	0	0	0
111	North Capital Private Securities Corporation	3	0	0	3	0
112	R.J. O'Brien Securities, LLC	3	3	0	0	0
113	SMBC Nikko Securities Inc.	3	0	1	2	0
114	Silicon Valley Bank	3	1	2	0	0
115	Vanguard Marketing Corporation	3	3	0	0	0
116	Vision Financial Markets LLC	3	3	0	0	0
117	Axos Clearing LLC	2	1	1	0	0
118	B. Riley Securities, Inc.	2	0	2	0	0
119	B. Riley Wealth Management	2	2	0	0	0
120	China Merchants Securities Co., LTD	2	0	0	2	0
121	China Renaissance Securities (Hong Kong) Limited	2	0	2	0	0
122	Comerica	2	0	2	0	0
123	Computershare Trust Company, N.A.	2	0	0	2	0
124	Customers Bank	2	2	0	0	0
125	Finalis Securities LLC	2	0	1	0	0
126	Gemini Trust Company, LLC	2	0	2	0	0
127	International Fund Management	2	1	0	0	1
128	Natwest Markets Securities Inc.	2	1	1	0	0
129	Nordea Bank Abp	2	2	0	0	0
130	Principal Custody Solutions	2	0	2	0	0
131	Royal Bank of Scotland	2	2	0	0	0
132	Samsung Securities Co., LTD.	2	2	0	0	0
133	Sanford C. Bernstein & Co., LLC	2	1	0	0	0
134	Skandinaviska Enskilda Banken Ab	2	2	0	0	0
135	Thales Capital Partners LLC	2	2	0	0	0
136	Thomas Weisel Partners LLC	2	0	2	0	0
137	Truist Bank	2	1	1	0	0
138	Wilson-Davis & Co., Inc.	2	2	0	0	0
139	ACP Securities, LLC	1	0	0	0	0
140	BA Securities, LLC	1	0	0	1	0
141	BTG Pactual US Capital, LLC	1	1	0	0	0
142	Banco Btg Pactual S.A. - Cayman Branch	1	1	0	0	0
143	Banco Santander (Brasil) S.A.	1	1	0	0	0
144	Bank Hapoalim B.M.	1	1	0	0	0
145	Citco	1	1	0	0	0
146	Citizens Bank, N.A.	1	0	0	1	0
147	Continental Stock Transfer & Trust Company	1	0	0	1	0
148	Entoro Securities, LLC	1	1	0	0	0
149	Evercore	1	1	0	0	0
150	Foreside Fund Services, LLC	1	0	0	0	1
151	Growth Capital Services, Inc.	1	0	0	1	0
152	H & L Equities, LLC	1	0	0	0	1
153	Icici Bank Limited	1	1	0	0	0
154	Iifl Capital Inc.	1	1	0	0	0
155	Investec Bank (Channel Islands) Limited	1	0	0	0	0
156	Janney Montgomery Scott LLC	1	1	0	0	0
157	Liberum Wealth Limited	1	0	0	1	0
158	Mizuho Securities USA LLC	1	1	0	0	0
159	Monness Crespi Hardt & Co., Inc.	1	1	0	0	0
160	National Bank Financial Inc.	1	1	0	0	0
161	Natixis	1	1	0	0	0
162	Natixis Securities Americas LLC	1	1	0	0	0
163	Needham & Company, LLC	1	1	0	0	0
164	Nomura Global Financial Products Inc.	1	1	0	0	0
165	Nomura Securities Co., LTD.	1	0	1	0	0
166	R. F. Lafferty & Co., Inc.	1	1	0	0	0
167	Sanders Morris LLC	1	0	0	0	0
168	Sprott Global Resource Investments LTD	1	0	0	0	0
169	Standard Chartered (Mauritius) Limited	1	1	0	0	0
170	Unicredit Bank AG	1	0	0	1	0
171	Vanguard Group (Ireland) Limited	1	1	0	0	0
172	William Blair & Company L.L.C.	1	0	0	1	0
173	Zanbato Securities LLC	1	0	1	0	0

From SEC filings, not verified. Counts are the number of private funds whose adviser names the firm in that role on Form ADV (Schedule D, Section 7.B.(1)), in the SEC's public Form ADV data through filings made by Dec 26, 2024. A fund can name several firms in the same role. Names are grouped automatically (spelling variants and, for the largest firms, their affiliated entities), which can be incomplete. Rankings count funds only; they do not reflect quality, assets served or fees, and are not a recommendation. Corrections: hello@altmountain.com.