Prime brokerage

Hey kiddo! Do you know what a bank is? A place where people keep their money, right? Now imagine there's a really rich person or company that wants to buy a lot of expensive stocks or bonds. They need a lot of money to buy those things, more than they have in their bank account.

That's where a prime broker comes in. A prime broker is like a special kind of bank for super rich people or companies. They give them a lot of money to buy investments, and they also help them manage those investments. The rich person or company puts some of their own money in the account, but the prime broker gives them a loan for the rest.

The prime broker also helps the rich person or company decide what to buy and sell, and they give them lots of information and analysis to help them make good decisions. They also make sure that all the rules and regulations are followed, and that everything is safe and secure.

So, in short, a prime broker is a special kind of bank for super rich people and companies that helps them buy and manage expensive investments.