A team of three advisers managing $1.05 billion at the Alex. Brown unit of Raymond James have moved to the Westport, Connecticut, office of UBS. The three — David Rosenthal, Stephen Collins and Daniel Rupp — practice as RC Wealth Management.
Rosenthal, an attorney, joined Smith Barney in 1997. In 2014, he moved to Deutsche Bank Securities, which had integrated Alex. Brown earlier. Raymond James acquired Deutsche Bank’s wealth management business and the Alex. Brown brand in 2016.
Collins started his career at Smith Barney, moved to Bank of America Merrill Lynch in 2007, and to Citigroup in 2012. In October 2016, he joined Rosenthal at Alex. Brown.
Rupp has five years’ experience at Wells Fargo and Alex. Brown.
With targeted "comfort calls" and strategically automated follow-ups, advisors who leverage their CRM systems effectively can show up when clients need them most.
The plan could offer $24,000 in relief for some taxpayers, but experts warn of consequences.
"I've seen lots of denial in this business but this GPB thing take the cake," says one industry executive.
Commentary from state-owned publication blasts sale to investor consortium as "spineless groveling," denting Hong Kong-based firm's stock.
Higher interest rates and a strong US dollar, which traditionally act as headwinds, haven't deterred market-stung investors from seeking refuge in the yellow metal.
In an industry of broad solutions, firms like intelliflo prove 'you just need tools that play well together'
Blue Vault Alts Summit highlights the role of liquidity-focused funds in reshaping advisor strategies