Brown Advisory Securities, LLC (Baltimore)

Brown Advisory Securities, LLC is a large advisory firm based in Baltimore. It manages $1.41 billion of regulatory assets for 1,929 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 41 other states.

Brown Advisory Securities provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and retirement plan consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Brown Advisory Securities: assets under management

The assets under management (AUM) of Brown Advisory Securities, LLC is $1.41 billion. The firm's AUM has grown by 9532% since the beginning of its operation, and $2.01 million of the total AUM is attributable to clients outside of the United States.

The firm manages $935.02 million in discretionary accounts and $478.43 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $823.8 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $602.56 thousand.

Brown Advisory Securities has custody of $1.41 billion in cash and securities for 927 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 48% of the total AUM. The second-largest asset type is exchange traded securities, which make up 40% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Brown Advisory Securities, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Thomas Jr Schweizer serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Thomas Jr Schweizer is high net worth individuals with 356 clients and $1.05 billion of assets under management. Among the 9 most similar advisory firms, Brown Advisory Securities has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.41 billion for 927 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Brown Advisory Securities doesn't advise any private funds.

Careers at Brown Advisory Securities, LLC

The company employs 16 people that are either part- or full-time employees. 69 percent of the employees work as investment advisers or researchers. 11 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Thomas Jr Schweizer has been acting as President since 1 Apr 2002. Brown Advisory Group Holdings Llc joined the executive team most recently as the Holding Company.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 2 indirect owners.

Based in Baltimore

The principal office where Brown Advisory Securities, LLC performs its advisory services is located at 901 South Bond Street, Baltimore, MD 21231 3340, which is also the mailing address of the firm. An additional office of the firm is in Chevy Chase, MD. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 410-537-5400 or by fax (410) 537-6486. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at brownadvisory.com.

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