October 14, 2019

Alex. Brown welcomes $250 million advisor to new branch in Portland, Maine

ST. PETERSBURG, Fla. – Alex. Brown, a division of Raymond James, welcomed client advisor Eric Dexter, AAMS®, to a new branch opened in Portland, Maine, according to Steve Pryor, regional executive for Alex. Brown. The Portland area is part of Alex. Brown’s Atlantic region, managed by Regional Director Brett Kellam.


Dexter joins Alex. Brown from Wells Fargo, where he managed $250 million in client assets. He has been in the financial services industry for nearly 25 years and serves a diverse clientele, including families, nonprofit organizations and private institutions.


“After conducting extensive due diligence on the ground at Alex. Brown in New York and Raymond James in Florida, what started out as an evaluation for our plan B, quickly turned into our plan A,” said Dexter. “We had access to people in every department that we felt we needed to see, as well as to executive management. We realized that by joining Alex. Brown, we would have access to all of the advantages of this boutique wealth management firm, along with the strengths of a much larger, national wealth management firm. From the top-down, there is an understanding of the type of business we do, and because of this, the company is built to support our client relationships.”

While the firm has focused on growth at its branch locations, the addition of Dexter provided an opportunity to augment the Atlantic region, said Alex. Brown President Haig Ariyan.   

“Alex. Brown and Raymond James remain committed to adding the best financial advisors in the profession, and Eric is an example of that,” Ariyan said. “We are focused on adding talent to the existing Alex. Brown national footprint, which will allow for meaningful growth. However, when presented with cultural and strategic fits, such as Portland, ME and Eric Dexter, we will make targeted investments in growth.”


Dexter serves as managing director for Alex. Brown in the Portland office. He was recognized as one of Barron’s Top 1,000 Financial Advisors in 2009, 2010, 2011, 2012, 2015 and 2017, and was named to the Forbes Best-In-State Wealth Advisors list in 2018 and 2019. Dexter is a graduate of Ithaca College and earned his Accredited Asset Management SpecialistSM designation from the College for Financial Planning.


“Eric has been long recognized as an industry leader in the marketplace,” said Pryor. “He has gained a wonderful reputation for community and client service. It is not surprising that Eric led the charge with Alex. Brown in Portland.”


About Alex. Brown, a division of Raymond James
Alex. Brown, a division of Raymond James, was originally founded in 1800, becoming the nation’s first investment bank. Alex. Brown advisors offer financial planning and wealth management services for high-net-worth individuals and institutions. The division’s broker/dealer of record is Raymond James & Associates, Inc., member New York Stock Exchange/SIPC, a wholly owned subsidiary of Raymond James Financial, Inc. (NYSE-RJF), a leading diversified financial services company with approximately 7,900 financial advisors throughout the United States, Canada and overseas. Total client assets are $825 billion. Additional information is available at
Barron’s Top 1,000 Financial Advisors 
Barron’s is a registered trademark of Dow Jones & Company, L.P. All rights reserved. The rankings are based on data provided by over 4,000 individual advisors and their firms and include qualitative and quantitative criteria. Data points that relate to quality of practice include professionals with a minimum of seven years of financial services experience, acceptable compliance records (no criminal U4 issues), client retention reports, charitable and philanthropic work, quality of practice, designations held, offering services beyond investments offered including estates and trusts, and more. Financial advisors are quantitatively rated based on varying types of revenues produced and assets under management by the financial professional, with weightings associated for each. Investment performance is not an explicit component because not all advisors have audited results and because performance figures often are influenced more by clients’ risk tolerance than by an advisor’s investment picking abilities. The ranking may not be representative of any one client’s experience, is not an endorsement, and is not indicative of the advisor’s future performance. Neither Raymond James nor any of its financial advisors pay a fee in exchange for this award/rating. Barron’s is not affiliated with Raymond James.

Best-In-State Wealth Advisors (2019)
The Forbes ranking of Best-In-State Wealth Advisors, developed by SHOOK Research, is based on an algorithm of qualitative criteria and quantitative data. Those advisors who are considered have a minimum of seven years of experience, and the algorithm weighs factors like revenue trends, AUM, compliance records, industry experience and those who encompass best practices in their practices and approach to working with clients. Portfolio performance is not a criteria due to varying client objectives and lack of audited data. Out of 29,334 advisors nominated by their firms, 3,477 received the award. This ranking is not indicative of an advisor’s future performance, is not an endorsement, and may not be representative of an individual client’s experience. Neither Raymond James nor any of its financial advisors or RIA firms pay a fee in exchange for this award/rating. Raymond James is not affiliated with Forbes or Shook Research, LLC.