CHICAGO--(BUSINESS WIRE)--RMB Capital Management, an independent investment advisory firm dedicated to the management of both individual and institutional client portfolios, today announced continued growth of its asset management group with the addition of Joseph Elegante, CFA.
Elegante joined as a portfolio manager for RMB Asset Management, a unit of RMB Capital Management, which has approximately $2.5 billion in assets under management (AUM).
“We continue to invest in our asset management capabilities by hiring top talent in the industry,” said Richard Burridge, chief executive officer and chief investment officer of RMB Capital Management. “Joe brings astute investment strategy and extensive portfolio management experience to RMB, which benefits both our firm and our clients.”
Elegante comes to RMB Capital Management with two decades of institutional and private client investment experience. Most recently, he served as senior vice president and portfolio manager on the U.S. Large Cap Growth team at AllianceBernstein L.P. in the firm’s Chicago office. This team managed a $15 billion growth product, which included institutional assets, a retail mutual fund, and private client assets of the firm. He specializes in the Industrial and Consumer sectors and has additional stock-picking expertise in Technology. Prior to working at AllianceBernstein, Elegante was a portfolio manager at National City Bank and Fifth Third Bank.
ABOUT RMB ASSET MANAGEMENT
RMB Asset Management offers customized investment solutions for institutions, individuals, and those who serve institutional or individual investors. RMB subscribes to an investment philosophy based on several key principles – taking a long-term view, conducting fundamental analysis, being opportunistic yet disciplined, and avoiding unnecessary risk. With a hybrid approach to asset management, RMB offers clients a broad spectrum of both internally and externally managed investment programs. Currently, RMB provides investment advisory services to more than 800 clients, with assets ranging from $1 million to more than $100 million per client, and oversees approximately $2.5 billion in assets under management (AUM).
ABOUT RMB CAPITAL MANAGEMENT
RMB Capital Management is an investment advisory firm that provides affluent individuals and institutional clients with a high standard of care and is dedicated to serving their best interests. RMB operates in four distinct business units: wealth management, asset management, alternative investments, and retirement plan consulting. RMB is headquartered in Chicago with offices in Denver and Jackson Hole, Wyoming. To learn more about RMB Capital Management, visit www.rmbcap.com.
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