Alex. Brown provides a range of advisory, brokerage, and investment services to high-net-worth and ultra-high-net-worth individual investors, as well as institutional and corporate clients in the US. For corporate clients, Alex. Brown provides cash management, foreign exchange, investment consulting, custody, and prime brokerage services. The company also administers employee stock and stock option purchase plans. It has more than 15 US offices and approximately $43 billion of assets under control. In 2016 German giant Deutsche Bank sold Alex. Brown, which was founded in 1800, to Raymond James Financial.