# Alex. Brown

Alex. Brown is a Bank / Wealth / Trust based in Baltimore, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Baltimore, United States
- **Region:** North America
- **Address:** Baltimore, MD, United States
- **Founded:** 1800
- **Assets under management:** Undisclosed
- **Website:** alexbrown.com
- **LinkedIn:** https://www.linkedin.com/company/alex-brown
- **Wikidata:** Q4716582

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Wealth Management
- Investment Banking

## People

- Alexander Brown — Founder

## 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.

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Last updated: 2026-06-03T20:00:00.000Z

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