Jay Murphy, who managed $325 million at the Alex. Brown division of Raymond James, has joined the Boston office of B. Riley Wealth as a senior managing director of investments.
B. Riley Wealth is a subsidiary of B. Riley Financial (RILY).
Murphy has extensive experience writing investment policies and in advising, constructing, and monitoring multi-manager portfolios for wealthy families, fiduciaries, retirement plans, and foundations, B. Riley said in a press release Monday. In addition to investment advisory and management, Murphy works with private institutional clients on private equity and real estate investment solutions.
Murphy's addition coincides with the branch's recent relocation to Boston's financial district.
Murphy had been with Alex. Brown for 11 years. He started his career in 1979 at Merrill Lynch and has spent time at several large firms including Bear Stearns, Donaldson Lufkin Jenrette and Credit Suisse.
FINRA's proposed rule filing would create a new 10-day fraud delay and nearly triple the maximum hold period for exploited senior investors
Fueled by a recent shot in the arm from private equity firm Carlyle, MAI adds a $490 million Atlanta RIA as it keeps building out its national footprint.
“Todd Burkhalter organized what is likely the largest Ponzi scheme in Georgia history,” said one FBI official.
With experience from Goldman Sachs and TD Ameritrade, the RIA's newest SVP hire adds to a recent wave of executive departures from hybrid Osaic.
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
