ConvergEx Group, a provider of investment technologies and execution solutions to institutional clients worldwide, today announced that clients of NorthPoint, the firm’s boutique prime brokerage business, now have access to ConvergEx’s institutional strength commission management technologies and soft dollar services.
“Since joining the ConvergEx family, NorthPoint’s clients are beginning to see a tremendous expansion of the technology and investment services that are available to them,” said Douglas M. Nelson, chief executive officer of NorthPoint, in a release. “By rolling out ConvergEx’s industry-leading commission management technologies to our clients, we are providing immediate access to state-of-the-art commission management reporting and administration as well as enhanced security for their commission balances.”
ConvergEx is one of the largest providers of commission management services to the investment community. Its technologies allow institutional investors to gain full control over their trading and research commissions. The firm provides premier broker-review, voting and relationship management, commission reporting and reconciliation. Its web-based, proprietary technologies have set the industry standard for commission management for both the buy- and sell-side communities.
“We’re pleased to offer our complete suite of neutral, anonymous and transparent services to NorthPoint’s clients,” said John Meserve, executive managing director of ConvergEx Group, in the release. “Our team of experts has in-depth knowledge of the key issues affecting clients and the tools we provide will simplify and manage their commission workflow from broker vote all the way through third-party payments.”