INTL FCStone acquires Fillmore Advisors
15 July 2019 Utah
Image: Shutterstock
INTL FCStone has acquired Fillmore Advisors, an outsourced trading firm.
The acquisition of Fillmore Advisors comes after INTL launched a prime brokerage division in April, with Fillmore Advisors becoming an extension of that offering.
INTL FCStone's prime brokerage division offers multi-asset prime brokerage, execution, outsourced trading, custody and self-clearing. The division has also introduced clearing services for hedge funds, mutual funds, and family offices.
Fillmore Advisors headquartered in Park City, Utah, is composed of traders encompassing both buy-side and sell-side experience. The transaction is subject to regulatory approval.
Michael DeJarnette, managing director and co-head, prime brokerage, said: "We're thrilled to add the Fillmore Advisors team to our prime brokerage division.”
“Outsourced trading is a rapidly growing segment of prime brokerage services, and the acquisition represents a tremendous opportunity to add a fast-growing leader in outsourced trading solutions as we continue to grow our division."
Andrew Caplan, partner and CEO of Fillmore Advisors, commented: "The Fillmore team is excited to join INTL FCStone and extend their global reach and best-in-class prime services platform to our client base.”
He added: “We will continue to partner with our existing clients and look forward to working with INTL's management team to assist in the division's continued growth and success in outsourced trading."
The acquisition of Fillmore Advisors comes after INTL launched a prime brokerage division in April, with Fillmore Advisors becoming an extension of that offering.
INTL FCStone's prime brokerage division offers multi-asset prime brokerage, execution, outsourced trading, custody and self-clearing. The division has also introduced clearing services for hedge funds, mutual funds, and family offices.
Fillmore Advisors headquartered in Park City, Utah, is composed of traders encompassing both buy-side and sell-side experience. The transaction is subject to regulatory approval.
Michael DeJarnette, managing director and co-head, prime brokerage, said: "We're thrilled to add the Fillmore Advisors team to our prime brokerage division.”
“Outsourced trading is a rapidly growing segment of prime brokerage services, and the acquisition represents a tremendous opportunity to add a fast-growing leader in outsourced trading solutions as we continue to grow our division."
Andrew Caplan, partner and CEO of Fillmore Advisors, commented: "The Fillmore team is excited to join INTL FCStone and extend their global reach and best-in-class prime services platform to our client base.”
He added: “We will continue to partner with our existing clients and look forward to working with INTL's management team to assist in the division's continued growth and success in outsourced trading."
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