A Miami-based advisor who managed about $400 million in assets for clients in Argentina, Chile and the United States is joining Alex. Brown, a division of Raymond James, the firm announced.
Reynaldo Figueredo will be joining Raymond James from Deutsche Bank Wealth Management, where he worked for the past 12 years, holding the positions of director and relationship manager of Latin America, and has 28 years of experience in the industry.
Figueredo said he was attracted to Alex. Brown because of its client-centric culture, boutique feeling, as well as the services it offered for addressing client needs.
“Alex. Brown allowed me the flexibility to manage my multi-jurisdictional clients through an industry platform that handles the needs of U.S. and international clients,” he said.
Before his roles at Deutsche Bank, Figueredo was a managing director and member of the family board of Antifora USA based in New York, as well as the director of ultra-high-net-worth accounts and a relationship manager at Banco Banif, Grupo Santander, based out of Spain. Figueredo will be the sixth financial advisor to join Alex. Brown’s Brickell Avenue branch this year, according to Eric Termini, director of Alex. Brown’s South Florida market.
“We’re elated to continue growing Alex. Brown’s presence in South Florida and are excited about the caliber of international talent that we’ve welcomed to Alex. Brown,” he said. “He and our recent hires represent some of the best talent on the street, and we’re very pleased to welcome him.”
This past July, Alex. Brown attracted a Miami-based trio of advisors with about $280 million in managed assets to join Raymond James from UBS to work in the Miami office with Termini.