Alex. Brown & Sons

Alex Brown & Sons
Company typeCorporation
IndustryInvestment services
Founded1800 (1800)
FounderAlexander Brown
FateAcquired
SuccessorAlex. Brown, a Division of Raymond James
HeadquartersBaltimore, Maryland, U.S.
ProductsFinancial services
investment banking

Alex. Brown & Sons was the first investment bank in the United States, founded by Alexander Brown in 1800 in Baltimore, Maryland. The firm was acquired by Bankers Trust in 1997 to form BT Alex. Brown, and then integrated into Deutsche Bank in 1999 following Deutsche's acquisition of BT. In 2016, Raymond James acquired Deutsche's U.S. private client services unit, operating under the Alex. Brown brand.