---
title: Apex Clearing Launches Prime Brokerage Platform to Serve Growing Demand From Small and Mid-sized Hedge Funds
description: Apex Clearing Launches Prime Brokerage Platform to Serve Growing Demand From Small and Mid-sized Hedge Funds
---

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 10.10.2016

 By John D'Antona

 Prime Brokers

# Apex Clearing Launches Prime Brokerage Platform to Serve Growing Demand From Small and Mid-sized Hedge Funds

 10.10.2016 By John D'Antona

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APEX CLEARING – DALLAS – Apex Clearing Corporation, an independent, full-service clearing firm that has become the custodian of choice for digital advisors, announced today that it has launched its Apex Prime brokerage offering for hedge funds with up to $200 million in assets under management. Apex Clearing has put together a veteran team headed by former Convergex executive John Mollica and has added former Goldman Sachs executive Brian Duggan as a strategic advisor to the business.

Apex Clearing’s move into prime brokerage coincides with a major industry shift that has left a growing number of small and mid-sized hedge funds in need of services no longer being offered by bigger firms: Increased regulatory pressure since the 2008 financial crisis has forced larger prime brokers such as Credit Suisse, Goldman Sachs and J.P. Morgan to reduce the size of their balance sheets, compelling them to terminate many of their smaller clients. Apex Prime provides an opportunity to offer these hedge funds solutions that combine high-touch customer service with competitive pricing, innovative technology and exceptional risk management. Apex Clearing is also uniquely positioned to take full custody of a client’s assets, completely eliminating the need for middlemen.

To raise awareness of its new offering, Apex Clearing is launching a highly­ targeted, tongue-i n-cheek advertising campaign called “Dumped by Your Prime Broker?” Inspired by classic personal ads, the campaign makes a direct appeal to hedge funds who have been terminated by their prime broker and are seeking a new, long-term relationship. The advertisements are running in major trade publications covering the hedge fund industry and on a variety of outdoor assets in major financial centers.

“Apex Clearing has long been a leader in the clearing and custody space and our technology expertise is helping to power the current digital revolution in financial services. We’re leveraging our proven ability to solve complex Fintech problems to reimagine solutions for the prime brokerage space,” said William Capuzzi, CEO of Apex Clearing. “As many prime brokers terminate their relationships with emerging hedge funds, we’re here to provide those same clients the products, services and peace of mind they were seeking from large prime brokers. We’ll do all this with a personal touch and flexible techno logy they can’t find anywhere else.”

 

**About Apex Clearing**

Apex Clearing Corporation is an independent, full-service clearing firm that has become the custodian of choice for digital advisors.  The company empowers innovation through its use of fully-integrated, leading edge technology and its proactive, proprietary risk management for its clients.  A strong, self-clearing broker-dealer, Apex Clearing specializes in supporting a diverse mix of financial services clients including fintech, hedge funds, registered investment advisors (RIAs), broker-dealers, proprietary trading firms, retail brokerages, and financial technology startups.  The company’s clearing and technology services power leading fintech firms such as Betterment, Stash and Wealthfront and other cutting-edge financial firms in the industry, and their innovative approach to back office solutions enables businesses to grow and succeed. Apex prides itself on innovative thinking and is focused on empowering the digital revolution in the financial services space.  Founded in 2012 and based in Dallas with offices in New York City, Chicago and Portland, Oregon, Apex Clearing Corporation is registered with the SEC, a member of FINRA, and a participant in SIPC. For more information, visit [www.apexclearing.com](http://www.apexclearing.com/)/prime.

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