United States
Equities Fixed Income External Managers Private Equity and Real Estate Sustainable Investing

Equities

We follow a philosophy that low-turnover, concentrated portfolios derived from sound bottom-up fundamental research provide an opportunity for attractive performance results over time. We have a culture and firm equity ownership structure that help us attract and retain professionals who share those beliefs, and we follow a repeatable investment process that helps us stay true to our philosophy.

We construct balanced portfolios for individuals, families, endowments, foundations, nonprofits, institutions, consultants, financial intermediaries and other investment professionals depending on their unique needs. We can be 100% open architecture, using third-party managers only, or we can put together a mix of internal and external strategies, whatever is in the client's best interest.

Fixed Income

We follow a philosophy that fixed income strategies built from a foundation of stability coupled with fundamental credit research can seek to generate alpha and control risk. We have a culture and firm equity ownership structure that attract and retain professionals who share those beliefs, and we follow a repeatable investment process that helps us stay true to our philosophy.

We construct balanced portfolios for private clients, nonprofits and institutions depending on the needs of the client. We can be 100% open architecture, using third-party managers only, or we can put together a mix of internal and external strategies, whatever is in the client's best interest.

External Managers

Investment Solutions Group

The Investment Solutions Group is an investment-management team within Brown Advisory that specializes in asset allocation, manager selection, hedge funds and other alternative investment strategies. Dedicated to open-architecture solutions, our team has established a strong track record of identifying high-quality, third-party investment managers across the hedge fund, long-only and private equity universes. We leverage this expertise to help clients assemble portfolios that we believe best fit their needs and goals, offering clients a range of solutions from complete portfolio management to fulfillment of specific hedge-fund and alternative-asset mandates.

Private Equity and Real Estate

Private Equity and Real Estate

Brown Advisory has incorporated private equity and real estate investments in client portfolios since our founding. Today, we can provide that exposure in three distinct ways.

Feeder Funds and Multimanager Funds
We introduce clients to investment opportunities in early- and late-stage venture capital and buyout funds, as well as select real estate funds. We also construct these feeder funds into multimanager funds through our Private Equity Partners (PEP) and Real Estate Partners (REP) vehicles to make private equity investing as easy as possible for our clients.

Customized Private Equity Portfolios
For most clients, private equity is one component of a balanced portfolio that we manage. Other clients, however, come to us specifically for custom-built private equity and real estate portfolios.

Sustainable Investing

Sustainable Investing Strategies

  • Multi-Manager Strategies
  • For clients seeking an open-architecture solution, we have access to several of the premier sustainable managers in the industry - all vetted by internal research.
  • Private Equity
  • Our private equity team is focused on evaluating the growing universe of private impact investments to identify standout opportunities that target various issues of particular concern to our clients. To date, we have placed assets in investments targeting a variety of impact themes such as community impact, microfinance, education technology, sustainable real estate, water initiatives and others.*
  • *Many alternative investments by regulation may only be sold to Accredited Investors (institutions with at least $5 million in assets) or Qualified Purchasers (institutions with at least $25 million in investments).

Customized Portfolios

This diverse assortment of solutions will meet many clients’ sustainability objectives; however, we understand the continued evolution of this space and seek to be able to react quickly to client needs.

For clients with unique missions, value-aligned investing programs, or who simply wish to ensure that they do not own certain controversial companies or have access to certain industries, we offer the following customized options:

Additional Screening: To the extent we have reliable data and can build rules into our compliance systems, we can add specific screens to a separate account to restrict companies (e.g. oil and gas providers) or industries (e.g. tobacco or weaponry).

Customized and Thematic Portfolios: Within a separate account, we can work together to solve for a sustainability need. From a universe of securities researched from both the bottom-up and for their ESG profile, we can assemble a custom portfolio of securities designed to meet many specific sustainable goals or outcomes.

Firm Overview

In 1993, we founded Brown Advisory with a simple vision: to build an investment firm focused entirely on making a material and positive difference for our clients.

We provide investment solutions to individuals, families and institutions in all 50 U.S. states and in 36 countries and territories around the world. We are deeply committed to our clients, and focus exclusively on helping them plan and implement thoughtful investment strategies. This focus extends to the retirees, students, nonprofit beneficiaries and many others who may never meet us but nevertheless depend on us as trusted stewards of capital.

Our Mission

Brown Advisory is a private, independent investment and strategic advisory firm. Our mission is to make a material and positive difference for our clients by delivering a combination of first-class investment performance, strategic advice and the highest level of service.

 

What Makes Brown Advisory Different

Strategic Advice

We believe that providing clients with thoughtful, strategic advice, rooted in an active listening process, is increasingly valuable in a world that consistently encourages them to react to the latest news event or trend. We embed dedicated strategic advisors in many client relationships; these strategic advisors have deep expertise in tax planning, trust and estate planning, accounting, business advisory and other topics, and they are essential in our effort to provide holistic financial guidance to clients.

A Private Firm with a Shared Ownership Structure

Brown Advisory has been a private firm since its founding in 1993. Every colleague is an equity owner, and together our colleagues own approximately 70% of the firm. The remaining 30% is owned by select outside investors who provide insight, perspective and stability. All of these owners are aligned in the desire to build a firm that puts clients above all else.

Listening and Investing Alongside Our Clients

We strive to listen first so that we can partner with our clients in the way that is most helpful to them. Offering significant transparency and peace of mind, we invest alongside our clients, with 9.4% of total private client assets held by our colleagues and their families.

Transparency

We are a firm of 550+ people, eight offices, six primary client segments, nearly 40 groups and countless teams. Transparency is critical so that we can all operate from the same playbook.

We share meeting minutes from all operating committee meetings with all colleagues, so we collectively understand decision-making as it filters through the organization. Additionally, our intranet platform, B|Advised, draws on modern sharing and collaboration tools to enable rapid information transfer as well as open, firmwide conversations on topics ranging from investments to diversity and inclusion.

A "Morning Meeting" Mindset

Our Morning Meeting is a cultural cornerstone at Brown Advisory. Every morning, we gather the entire firm—each office gathers in person, and all offices connect via video conference—to discuss a topic or idea that is relevant to our investment thinking or to the culture of the firm. We ring the bell to start the meeting at 8:35 a.m. Eastern Time.

The meeting represents many facets of our culture that we hold dear: thoughtful discussion, active listening, flat organization, collegial atmosphere and encouragement of new ideas.

2018 Annual Report To our clients, shareholders, friends and colleagues:

Welcome to Brown Advisory 4.0! By now, many of you will be familiar with an important part of our ethos as an investment firm: From time to time, we believe it is imperative to take a step back and challenge our organization, our colleagues and our capabilities. Are we structured in a way that encourages and enables the best ways to invest successfully? Are we confident that we are delivering client advice and service that is modern and relevant? Or are we doing things because, frankly, this is how we’ve been doing them for years, and we’ve been too busy or too confident with our approach to challenge our historical ways of thinking? We must always remind ourselves that our clients care far more about tomorrow than yesterday. Brown Advisory 4.0 is about evaluating everything we do against a shared vision for the future and is an opportunity to create lasting success.

Coming soon!