We help clients achieve their goals by considering ourselves as partners vested in their success
At Cowen Prime Services we understand that our clients are principally focused on making the investment and trading decisions for their client assets, and that they depend on us to deal with the administrative and operational matters related to their account. The firm prides itself on being client-driven, and aims to provide our clients with a level of comfort that they have a capable team supporting their business.
New Account On-Boarding – Our team of seasoned professionals can provide advice on how best to execute a new fund launch and to grow an investment management business, as well as accommodate the efficient on-boarding of new client accounts, and provide trading, middle and back office, operational and technology solutions.
Operational Support and Portfolio Reconciliation – Our operations and support team assists clients with all post-trade activities including clearance and settlement, incoming and outgoing wire transfers, and portfolio report preparation. This includes security level reconciliation for realized and unrealized P/L and position quantities, and the delivery of portfolio accounting reports via the Cowen Prime Services secure web portal and/or automated e-mails. All client account data maintained will be made readily available for enhanced portfolio and/or risk analytics and reporting, should those be contracted for separately. Our team also interacts with custodians, away executing brokers, fund administrators, and auditors, as necessary, on behalf of client accounts.
Efficient Soft Dollar Process With Complete Audit Trail – Our team can implement and administer a soft dollar program for clients to pay for research and brokerage related expenses. A soft dollar program is subject to the execution of a Directed Brokerage Agreement and a review by the firm’s supervisory and compliance personnel of the fund’s governing documents to confirm the use of commissions for the payment of certain fund and/or investment manager expenses. We provide clients with password-protected access to the firm’s soft dollar portal, which maintains an electronic audit trail of all activity in the account, and allows the client to electronically submit invoices for payment, monitor payment activity, track balances, and produce management reports.