Sterne Agee, a privately owned investment banking and brokerage firm in Birmingham, Ala., opened a wealth and estate management group last week.
Sterne Agee said in a statement that the new group will take a multigenerational approach to family governance, wealth transfer strategies, investment management, risk management, philanthropy and financial management.
"Our group offers the client a single point of contact for wealth and estate management which is particularly helpful in coordinating complex wealth transfer strategies," Hanson Slaughter, the group's executive managing director, said in the statement. "The efficiencies gained in the coordinated effort allow our clients full access to the full breadth and depth of our platform."
