The service layer · ranked
The largest prime brokers to private funds
Every firm below is named on Form ADV Schedule D by an SEC-registered or exempt reporting adviser, as the prime brokerof a private fund. Legal entities are grouped into one record per firm; the count is distinct private funds on the advisers' current schedules, from current Form ADV filings read October 2026. Firms named on fewer than 10 funds are not listed.
943
firms listed
145,149
fund-provider relationships
$78.60T
gross assets, all roles
5
roles on the schedule
Goldman Sachs
New York, New York · 1,361 advisers
2,263
funds
$3.84T
gross assets
Morgan Stanley
New York, New York · 1,365 advisers
2,211
funds
$3.82T
gross assets
JPMorgan Chase
New York, New York · 1,670 advisers
1,503
funds
$5.89T
gross assets
Bank of America
New York, New York · 1,028 advisers
861
funds
$4.67T
gross assets
UBS
New York, New York · 557 advisers
737
funds
$2.40T
gross assets
Interactive Brokers
Greenwich, Connecticut · 421 advisers
468
funds
$58.9B
gross assets
Citi
New York, New York · 596 advisers
450
funds
$3.33T
gross assets
Barclays
New York, New York · 270 advisers
419
funds
$2.73T
gross assets
Jefferies
New York, New York · 316 advisers
417
funds
$291.8B
gross assets
Credit Suisse
New York, New York · 334 advisers
402
funds
$570.6B
gross assets
Fidelity
Boston, Massachusetts · 317 advisers
379
funds
$729.6B
gross assets
Wells Fargo
San Francisco, California · 548 advisers
373
funds
$1.53T
gross assets
Deutsche Bank
New York, New York · 369 advisers
332
funds
$1.11T
gross assets
BNP Paribas
New York, New York · 251 advisers
306
funds
$1.66T
gross assets
Pershing
Jersey City, New Jersey · 323 advisers
270
funds
$248.2B
gross assets
BTIG
San Francisco, California · 175 advisers
261
funds
$54.5B
gross assets
First Republic Bank
San Francisco, California · 636 advisers
133
funds
$690.0B
gross assets
HSBC
London, United Kingdom · 201 advisers
116
funds
$1.41T
gross assets
TD
New York, New York · 127 advisers
112
funds
$120.5B
gross assets
Cowen
New York, New York · 73 advisers
96
funds
$64.0B
gross assets
Charles Schwab
San Francisco, California · 185 advisers
80
funds
$49.4B
gross assets
Societe Generale
Luxembourg, Luxembourg · 85 advisers
78
funds
$729.6B
gross assets
Cantor Fitzgerald
New York, New York · 43 advisers
78
funds
$93.8B
gross assets
Raymond James
St. Petersburg, Florida · 96 advisers
73
funds
$215.1B
gross assets
North Capital
Salt Lake City, Utah · 8 advisers
65
funds
$799.0M
gross assets
BNY Mellon
New York, New York · 599 advisers
54
funds
$3.44T
gross assets
Marex
New York, New York · 38 advisers
51
funds
$300.6B
gross assets
Coinbase
New York, New York · 77 advisers
46
funds
$113.4B
gross assets
State Street
Boston, Massachusetts · 376 advisers
45
funds
$2.30T
gross assets
Northern Trust
Chicago, Illinois · 656 advisers
45
funds
$1.37T
gross assets
StoneX
Winter Park, Florida · 21 advisers
43
funds
$13.8B
gross assets
Nomura
London, United Kingdom · 62 advisers
35
funds
$252.6B
gross assets
Clear Street LLC
New York, New York · 21 advisers
29
funds
$8.2B
gross assets
CIBC
Chicago, Illinois · 139 advisers
28
funds
$208.0B
gross assets
Jonestrading
Thousand Oaks, California · 18 advisers
28
funds
$2.9B
gross assets
BMO
Chicago, Illinois · 124 advisers
27
funds
$328.2B
gross assets
Stifel
St. Louis, Missouri · 93 advisers
26
funds
$157.5B
gross assets
Newedge Usa, LLC
Chicago, Illinois · 27 advisers
26
funds
$15.9B
gross assets
RBC
New York, New York · 107 advisers
21
funds
$401.3B
gross assets
Convergex Prime Services LLC
Alpharetta, Georgia · 11 advisers
20
funds
$477.2M
gross assets
Wedbush Securities Inc.
Los Angeles, California · 24 advisers
18
funds
$4.4B
gross assets
WealthForge
Richmond, Virginia · 2 advisers
16
funds
$149.5M
gross assets
Celadon Financial Group LLC
Chatham, New Jersey · 7 advisers
16
funds
$1.3B
gross assets
Maxim Group LLC
New York, New York · 12 advisers
16
funds
$5.5B
gross assets
M. S. Howells & Co.
Scottsdale, Arizona · 12 advisers
16
funds
$440.1M
gross assets
Apex Group
New York, New York · 309 advisers
15
funds
$321.0B
gross assets
Europa Investment Bank Inc
New York, New York · 1 advisers
15
funds
$1.34T
gross assets
Scotiabank
New York, New York · 21 advisers
14
funds
$52.7B
gross assets
Cf Secured, LLC
New York, New York · 13 advisers
13
funds
$77.3B
gross assets
Standard Chartered
Singapore, Singapore · 56 advisers
12
funds
$805.4B
gross assets
Industrial And Commercial Bank Of China (Icbc) Huaibei Branch
Huaibei, China · 11 advisers
12
funds
$64.3B
gross assets
Oppenheimer & Co. Inc.
New York, New York · 32 advisers
12
funds
$12.2B
gross assets
NatWest
London, United Kingdom · 55 advisers
11
funds
$241.1B
gross assets
Merlin Securities, LLC
San Francisco, California · 8 advisers
11
funds
$654.2M
gross assets
Haywood Securities (Usa) Inc.
Vancouver, Canada · 12 advisers
10
funds
$2.4B
gross assets
Pi Financial (Us) Corp.
Vancouver, Canada · 4 advisers
10
funds
$3.2B
gross assets
How this directory is built
Form ADV Schedule D, Section 7.B.(1) asks an adviser to name, for each private fund it manages, the fund's auditor (question 23), prime brokers (24), custodians (25), administrators (26) and marketers (28). AltStreet reads every adviser's current Form ADV and keeps the schedule as structured data; the SEC's own bulk file stops at the end of 2024, so the current filings are read from each adviser's rendered Form ADV on IAPD.
Advisers type the same firm many ways. Legal entities are grouped into one firm record by a normalized name, with an alias table for the brands whose entities do not share one (GlobeOp under SS&C, McGladrey under RSM, Merrill Lynch under Bank of America). A firm's page lists the legal names behind it. Counts are distinct private funds on the advisers' latest schedules, gross asset value is the sum of those funds' stated values, and the adviser count is the number of distinct filers naming the firm.
Firms are here because advisers disclosed them, not because they asked. Audit firms with a PCAOB record also have an auditor profile; the advisers themselves are in the adviser directory.