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.
Financial services compliance consultant ACA Group told InvestmentNews it had four clients report receiving emails that impersonated David Bottom, the SEC's chief information officer, with smaller firms being targeted.
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The former investment advisor misled clients in a decade-long scheme to fund international travel expenses, country club fees, and other personal expenses, according to three government agencies.
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Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
