Brown Advisory Investment Solutions Group LLC (Baltimore)

Name: Brown Advisory Investment Solutions Group LLC
Address: 901 South Bond Street, Baltimore, MD, 21231
Telephone: 410-537-5400

Brown Advisory Investment Solutions Group LLC is a large advisory firm based in Baltimore. It manages $4.53 billion of regulatory assets for 303 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Delaware, Maryland, and New York.

Brown Advisory Investment Solutions Group provides portfolio management for individuals and small businesses and portfolio management for pooled investment vehicles. 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 Investment Solutions Group: assets under management

The assets under management (AUM) of Brown Advisory Investment Solutions Group LLC is $4.53 billion. The firm's AUM has grown by 138% since the beginning of its operation, and $2.01 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $947.09 million in discretionary accounts and $3.58 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $31.57 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $13.12 million.

Brown Advisory Investment Solutions Group has custody of $2.1 billion in cash and securities for 159 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 91% of the total AUM. The second-largest asset type is investment and business development companies, which make up 5% of the firm’s portfolio. Investments in exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Brown Advisory Investment Solutions Group LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Brown Advisory Investment Solutions Group serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Brown Advisory Investment Solutions Group is high net worth individuals with 15 clients and $2.43 billion of assets under management. Among the 9 most similar advisory firms, Brown Advisory Investment Solutions Group has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $4.53 billion for 172 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 5% of the firm’s clients are foreign persons or businesses.

Brown Advisory Investment Solutions Group also advises several private funds. Namely, fourteen hedge funds, seven other private funds, and one hundred thirty six private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $500,000.

Careers at Brown Advisory Investment Solutions Group LLC

The company employs 14 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Brown Advisory Management Llc	Holding company	1 Jan 2012	75% - 100%	26-4560299
Brett David Rogers	General counsel & chief compliance officer	1 Jan 2013	Other	4641164
David Michael Churchill	Chief operating officer	1 Dec 2013	Other	2094155
Michael David Hankin	President & ceo - brown advisory	1 Dec 2013	Other	2339625

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Brown Advisory Incorporated	Unit holder and managing member	1 Jul 2008	Other	52-2112409
Brown Advisory Group Holdings Llc	Holding company	1 Jan 2016	25% - 50%	47-5471075

Based in Baltimore

The principal office where Brown Advisory Investment Solutions Group LLC performs its advisory services is located at 901 South Bond Street, Baltimore, MD 21231, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. 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 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at brownadvisory.com.