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Alex. Brown
Alex. Brown is a division of Raymond James, operating under its original brand. The company has over 7,300 financial advisors across 3,000 locations in the US,...
Alex. Brown
Alex. Brown is a division of Raymond James, operating under its original brand. The company has over 7,300 financial advisors across 3,000 locations in the US, Canada, and internationally. Total client assets exceed $693 billion.
General information
Firm type
Bank / Wealth / Trust
Year founded
1800
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Baltimore
Corporate office
Baltimore, MD, United States
Principals
Alexander Brown
Founder
Sector focus
Frequently asked questions
Is Alex. Brown still an independent investment bank?
No. Alex. Brown was acquired by Bankers Trust in 1997 and later became part of Deutsche Bank. In 2016, Deutsche Bank sold the Alex. Brown U.S. private wealth management business to Raymond James Financial. The brand now operates as Alex. Brown, a division of Raymond James.
Who owns the Alex. Brown brand today?
Raymond James Financial, a publicly traded diversified financial services company, owns the Alex. Brown brand. Raymond James acquired it from Deutsche Bank in a September 2016 transaction valued at roughly $420 million, encompassing the private-client wealth management unit.
What segments does Alex. Brown serve under Raymond James?
Alex. Brown, within Raymond James, focuses on high-net-worth and ultra-high-net-worth clients through personalized wealth management, investment-advisory services, and banking solutions. The brand also supports corporate and institutional clients with equity, fixed-income, and capital-markets capabilities.
How is Alex. Brown's investment management structured?
Financial advisors operating under the Alex. Brown name utilize Raymond James's corporate RIA and broker-dealer infrastructure. The division offers discretionary and non-discretionary portfolio management, access to private investments, and traditional brokerage, all backed by an in-house research team.
What historical significance does Alex. Brown hold?
Alex. Brown's 1800 founding makes it the oldest investment bank in the United States. The firm underwrote the Baltimore & Ohio Railroad and helped establish the capital-raising ecosystem that financed American 19th-century expansion. It was also a founding member of the modern Baltimore financial community.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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