Alex. Brown, part of Raymond James, has recruited an investment management group led by Jon DuPrau and Caspar Tudor from J.P. Morgan Securities in Los Angeles.
DuPrau is set to lead the firm’s institutional consulting efforts in Southern California and will be one of the 17 advisors in Alex. Brown’s Institutional Consulting business, which works with some $7 billion of consulting assets owned by endowments, foundations, healthcare, pension and defined contribution plans.
“We are excited to welcome Jon and Caspar to the team, as we continue to build on recruiting momentum in the Los Angeles market,” said Gary Cohen, a regional executive and branch manager for Alex. Brown, in a statement. “Their years of experience in successfully managing their client relationships and their unique approach to client portfolios is a perfect fit to the boutique wealth management business we are building at Alex. Brown,”
DuPrau has 18 years of industry experience, having started in the business as a Quantum Portfolio Manager for Prudential Securities. Tudor is focused on the team’s formulas for the Russell 1000 and 2000 indices.
Also joining the team is Peter Barry, who has worked with institutional and high-net-worth individuals since 1991 and has focused on alternative investment strategies. “Alex. Brown’s offerings through their Private Institutional Client business is among the best in the industry,” Barry explained in a statement.
Securities America, one of the Ladenburg Thalmann-owned broker-dealers, has recruited Futurity First Insurance Group, an insurance distribution organization with 20 advisors $222 million in client assets under advisement.