Hallo there, if you have come up in touch with Portfolio Margining. Please be so kind, to write here the name of firm and minimum account size to get approved for PM plus anything what will be handy for others. PB stands for Prime Brokerage Newedge USA PB account 1M TOS Regular account 100K IB Regular account 100K PB account 500K OX Regular account 100K Penson Clearing Only PB account 550K GSEC Clearing Only PB account 2-5M OptionHouse Regular Account 250-500K Lek Securities Regular Account 250K
Good idea for a thread -- it's nice to have all this info summarized in one place. I can also confirm Penson $550k for PB -- they also have a fee minimum of I think $5k/month. But you may be able to get a non-PB, Penson "introducing broker" to do this for as little as $100k; I don't know which ones, if any, actually offer this. http://www.financialnews-us.com/?page=ushome&contentid=2347465974
Actually I can do PB with Penson, subject to minimum USD 2500 in fees a months. Looks like minimum fees are more up to introducing B/D than Penson itself. TOS is clearing with Penson and has minimum 100K for Portfolio Margining on regular account.
So whats the minimum account size for an institutional prime brokerage account with a) GS b) LEH c) MS d) BSC/JPM
For GSEC PB from 1M via third party B/D, GS proper I believe is 10M. MS PB is 5-10M LEH PB No idea JPM/BSCPB I believe used to be 1M via third party B/D, 5-10M directly Just to add one more, directly Pershing Prime 10M. MER/Broadcort PB account via third party B/D 1M, may be less. RBC PB in US 5M. RBC PB London 1M.