Concept Capital Acquires Alaris Trading

Tuesday, August 02, 2011

Concept Capital Acquires Alaris Trading New York, NY – August 1, 2011 – Concept Capital Markets, LLC (“Concept”) and Alaris Trading Partners, LLC (“Alaris”) jointly announced today that they have entered into a definitive agreement for the acquisition of Alaris by Concept. The terms of the transaction, which is pending approval by the Financial Industry Regulatory Authority (FINRA), were not disclosed. The combined company will offer institutional brokerage services to hedge funds, asset managers, and registered investment advisers on a global basis. Through strategic alliances with major securities industry firms, Concept offers clients a broad selection of services that includes multi-prime brokerage, financing, institutional reporting, outsourced middle and back office services, risk management and direct access and voice brokerage. Alaris will be fully integrated with Concept by the end of the third quarter. “Bringing our two companies together will allow us to capitalize on each other’s best practices, enhance our already high level of customer service, and provide our customers with an expanded offering” said Jack Seibald, co-founder and Senior Managing Director of Concept Capital. “Alaris is a well established, fast growing firm with a very strong sales and operations team, and an enviable track record. We think they are highly deserving of their recent number one ranking for prime brokerage in North America from Global Custodian magazine. “This is a tremendously important step for us,” said Patrick Boyle, Alaris CEO and cofounder. “Concept’s product offering, in particular its expertise in risk management, both on an intraday and end of day basis, gives us a service offering that positions us to better serve existing clients and now compete for larger ones. “This business combination will provide our customers with additional custodial options, and importantly, seamless risk management and reporting technology” adds Darren Day, President and co-founder of Alaris. “This will enable us to further improve our already high customer satisfaction levels.” “This is an exciting announcement for Concept” said Michael Rosen, co-founder and Senior Managing Director of Concept Capital. “We’ve spent a great deal of time and money in recent years developing the technology infrastructure to support the execution, custodial, and reporting capabilities that we believe will become the norm in our industry, and we’re pleased to have our new partners involved in bringing these capabilities to a larger audience.” For inquiries about this press release, contact Jack Seibald of Concept at (516) 746-5718 or Darren Day of Alaris at (858) 617-6400. About Alaris Trading Partners, LLC: Alaris Trading Partners LLC is a FINRA registered broker/dealer providing a specialized suite of services to hedge funds, traditional money managers, registered investment advisors and professional traders. Our mission is to provide each and every client, regardless of assets under management, with premier institutional-quality tools, support and service. Alaris is allied with the leaders in the financial services industry. These alliances enable our client's to more effectively manage their clients’ assets and more efficiently run their business. Alaris clients are able to trade internationally and domestically in equities, bonds and off exchange forex via our custodial and trading alliances. Alaris has relationships with a cross section of service providers such as attorneys, bookkeepers, auditors and seed investors. In addition to these relationships, Alaris offers proprietary commission management software (CMS) with professional and attentive customer service. This combination of proprietary services and Wall Street alliances creates a suite of professional services offering prime brokerage, portfolio accounting, trade execution and soft-dollar services. For additional information, visit www.alaristrading.com About Concept Capital Markets, LLC: Concept Capital Markets, LLC offers a comprehensive suite of brokerage services that provide global investment managers with solutions that are customizable and scalable. The firm was built by former investment managers to serve traditional institutional customers, hedge funds and registered investment advisors with turn-key solutions and a full range of fund services designed to free investment managers to focus on their core competencies. Our multi-asset trading, clearing, financing and reporting capabilities combined with our dynamic, relationship driven culture differentiates us in an ever changing market. The company was established in 2010 following the spin-off of the Concept Capital division of Sanders Morris Harris Inc., whose origins date back to 1995. Concept Capital Markets, LLC is headquartered in Garden City, NY and operates branch offices in New York City, NY, Greenwich, CT, Chicago, IL, and Bernardsville, NJ. Concept Capital Markets, LLC is a member of FINRA and SIPC. For additional information, visit www.conceptcapital.com

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Alaris

Concept Capital Acquires Alaris Trading

Launching a Hedge Fund

Investment Law Group of Gillett Walker, LLPKey Structural and Operational Issues:

What sort of legal structure should be used?

Hedge Fund Strategies Differ

Investment Law Group of Gillett Walker, LLP
Key Structural and Operational Issues: