R. M. Davis Begins 2018 with Two New Equity Owners

Industry Veterans Join Ownership Team of Northern New England’s Largest Wealth Management Firm

PORTLAND, Maine--()--R. M. Davis, Northern New England’s leading wealth management firm, today announces the addition of two new equity owners, Scot E. Draeger, Director of Wealth Management and General Counsel, and Dean E. Walker, Vice President of Trading & Data Management. Draeger and Walker joined the ownership team effective January 1, 2018. Their new roles add to the firm’s leadership at a time of significant growth for R. M. Davis and offer greater breadth of expertise and experience to meet clients’ evolving needs.

“It’s a commitment to clients, employees, and community that goes beyond the responsibility of a fiduciary to embody the meaning of honorable. In turn, it is I who am honored to take a greater stake in continuing to build this legacy.”

“We are thrilled to name Scot and Dean to the ownership team,” said Geoffrey Alexander, President of R. M. Davis. “Their proven abilities have been invaluable to our clients and we look forward to their added voices and influence in assuring our continued success in guiding clients on the journey to their financial goals.”

Draeger joined R. M. Davis in early 2017 from the Portland-based law firm of Bernstein Shur, where he served on the firm’s Board of Directors and as Chairman of the Financial Services, Securities, and Asset Management Industry Groups representing asset management firms and institutional investors globally, including R. M. Davis. Previously, he served in senior leadership positions with the U.S. Securities and Exchange Commission in Washington, D.C. and Citigroup’s Corporate & Investment Bank in New York. Draeger is an active civic leader, including as a member of the Maine Justice Foundation’s Board of Directors and works on a pro bono basis for the rights of political asylum seekers through the Immigration Legal Advocacy Project.

“I was drawn to R. M. Davis by how this team of professionals puts its ethical code to work each day,” said Draeger. “It’s a commitment to clients, employees, and community that goes beyond the responsibility of a fiduciary to embody the meaning of honorable. In turn, it is I who am honored to take a greater stake in continuing to build this legacy.”

Walker has been a part of the R. M. Davis team since 2001. He is responsible for ensuring the accuracy and integrity of the firm’s trade execution and financial data, and for finding and employing efficiencies in technologies and workflow management that benefit both the firm and clients. Previous to joining R. M. Davis, Walker served as lead custody analyst at Forum Financial Group and a securities trader at UNUM Life Insurance Company.

“I am extremely proud to take a greater leadership role in a firm founded on and renowned for a client-first focus,” Walker said. “As generations change within our family of clients, R. M. Davis is thoroughly committed to the continuous advancement and thoughtful innovation of our services and investment strategies.”

About R. M. Davis

R. M. Davis is a nationally recognized wealth management firm with offices in Portland, Maine and Portsmouth, New Hampshire. For generations, clients located throughout New England and across the nation have turned to R. M. Davis for professional investment and wealth management, comprehensive financial planning, professional trust management, and the many ancillary services that support management of clients’ day-to-day financial affairs. The R. M. Davis team simplifies clients’ lives through an integrated, problem-solving approach to the accumulation, protection, and transition of their wealth. Founded in 1978 by Robert M. Davis, the firm’s Chief Executive Officer, privately held R. M Davis has more than $4 billion in assets under management (AUM). Learn more at www.rmdavis.com

Contacts

Hencove Marketing
Jim Walker, 781-444-5478
jwalker@hencove.com

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Release Summary

Industry veterans, Scot E. Draeger and Dean E. Walker, join ownership team of R. M. Davis, Northern New England’s largest wealth management firm.

R. M. Davis