Clients
Brown Advisory serves 4,415 clients, 2,484 of them high-net-worth individuals. The average client has about $28 million with the firm, and high-net-worth clients hold 39% of its $124.3 billion in assets.
- High-net-worth individuals2,484 clients39%
- Investment companies6 clients20%
- Pooled investment vehicles5 clients13%
- Pension and profit-sharing plans57 clients2%
- Charitable organizations683 clients13%
- OtherState or municipal government entities, Other investment advisers, Corporations and other businesses, Individuals, Insurance companies14%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 745 | $240,520,288 | 0.2% | $323K |
| High-net-worth individuals | 2,484 | $48,580,310,256 | 39.1% | $19.6M |
| Investment companies | 6 | $24,260,651,625 | 19.5% | $4.04B |
| Pooled investment vehicles | 5 | $15,693,735,885 | 12.6% | $3.14B |
| Pension and profit-sharing plans | 57 | $2,487,913,473 | 2.0% | $43.6M |
| Charitable organizations | 683 | $16,247,727,032 | 13.1% | $23.8M |
| State or municipal government entities | 17 | $2,710,149,669 | 2.2% | $159.4M |
| Other investment advisers | 55 | $5,489,171,785 | 4.4% | $99.8M |
| Insurance companies | Not reported | $145,153,361 | 0.1% | — |
| Corporations and other businesses | 363 | $8,459,311,724 | 6.8% | $23.3M |
| Total | 4,415 | $124,314,645,098 | 100% | $28.2M |
- Clients
- 745
- Regulatory AUM
- $240,520,288
- Share
- 0.2%
- Avg. per client
- $323K
- Clients
- 2,484
- Regulatory AUM
- $48,580,310,256
- Share
- 39.1%
- Avg. per client
- $19.6M
- Clients
- 6
- Regulatory AUM
- $24,260,651,625
- Share
- 19.5%
- Avg. per client
- $4.04B
- Clients
- 5
- Regulatory AUM
- $15,693,735,885
- Share
- 12.6%
- Avg. per client
- $3.14B
- Clients
- 57
- Regulatory AUM
- $2,487,913,473
- Share
- 2.0%
- Avg. per client
- $43.6M
- Clients
- 683
- Regulatory AUM
- $16,247,727,032
- Share
- 13.1%
- Avg. per client
- $23.8M
- Clients
- 17
- Regulatory AUM
- $2,710,149,669
- Share
- 2.2%
- Avg. per client
- $159.4M
- Clients
- 55
- Regulatory AUM
- $5,489,171,785
- Share
- 4.4%
- Avg. per client
- $99.8M
- Clients
- Not reported
- Regulatory AUM
- $145,153,361
- Share
- 0.1%
- Avg. per client
- —
- Clients
- 363
- Regulatory AUM
- $8,459,311,724
- Share
- 6.8%
- Avg. per client
- $23.3M
Total
- Clients
- 4,415
- Regulatory AUM
- $124,314,645,098
- Share
- 100%
- Avg. per client
- $28.2M
What it does
Brown Advisory provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers. It is paid through a percentage of assets, fixed fees and performance-based fees.
Brown Advisory provided financial planning to 0 clients last fiscal year and advises 3 private funds.
95.9% of assets ($119.21B across 25,601 accounts) are managed with discretion; $5.11B across 789 accounts are not. $3.24B sits in a wrap fee program the firm both sponsors and manages. 1% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks60%
- Funds24%
- Registered funds13%
- Pooled vehicles11%
- Bonds9%
- State and local bonds4%
- U.S. government and agency bonds3%
- Sovereign bonds1%
- Investment grade corporate bonds1%
- Cash7%
Custodians
Brown Advisory’s client accounts are held mainly at U.S. Bank National Association, with 23% of managed assets, and Fidelity, with 17%. Brown Advisory has custody of $65.79B for 3,461 clients.
- U.S. Bank National AssociationU.S. Bank National Association · Cincinnati, OH · $28.86B23%
- FidelityFidelity Brokerage Services LLC · Boston, MA · $21.74B17%
- All other custodians$73.71B59%
Ownership and leadership
Brown Advisory Management LLC owns 75% or more of Brown Advisory.
- Owns 75% or more of Brown Advisory LLC
Brown Advisory Management LLC
Control person · since January 2012
- Owns 25% to 50% of Brown Advisory Management LLC
Brown Advisory Group Holdings LLC
Control person · since January 2016
Brown Advisory Incorporated
Unit holder and managing member · Control person · since July 2008
Leadership
- Logie FitzwilliamsCo-President & Co-CEO
- Michael HankinCo-President & Co-CEO
- Shannon PierceChief Financial Officer
- William WhiteChief Operating Officer
- Victor FernandezChief Compliance Officer
- Brett RogersGeneral Counsel
Staff
- 782 employees
- 272 in advisory functions
- 22 state-registered reps
- 7 broker-dealer reps
- 5 soliciting firms
Fees
Brown Advisory is paid through a percentage of assets under management, fixed fees (other than subscription fees) and performance-based fees.
Brown Advisory’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Brown Advisory has 13 offices (1 private residence, listed without an address), with 13 listed addresses across 10 states.
Virginia · 3 listed addresses
- 101 West Main Street, Norfolk
- 240 W Main Street, Charlottesville
- 424 Hull Street, Richmond
North Carolina · 2 listed addresses
- 1616 Camden Road, Charlotte
- 1295 Environ Way, Chapel Hill
California · 1 listed address
- 1 Letterman Drive, San Francisco
Delaware · 1 listed address
- 5701 Kennett Pike, Wilmington
District of Columbia · 1 listed address
- 1801 Pennsylvania Avenue NW, Washington, DC
Maryland · 1 listed address
- 901 South Bond Street, Suite 400, BaltimoreHQ
Massachusetts · 1 listed address
- 100 High Street, Boston
New York · 1 listed address
- 12 East 49th Street, New York
Tennessee · 1 listed address
- 1222 Demonbreun Street, Nashville
Texas · 1 listed address
- 200 West 6th Street, Austin
Registration details
- Legal name
- Brown Advisory LLC
- Headquarters
- 901 South Bond Street, Suite 400, Baltimore, MD 21231-3340
- Phone
- 410-537-5400
- Website
- www.brownadvisory.com
- SEC file
- 801-38826
- Structure
- Maryland LLC
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Brown Advisory have?
Brown Advisory has 4,415 clients and manages $124.3 billion for them, as of March 2026. They include 2,484 high-net-worth individuals, 745 other individuals and 683 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Brown Advisory offer?
Brown Advisory provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Brown Advisory use?
Brown Advisory’s separately managed account assets are held at U.S. Bank National Association (Cincinnati, OH), with $28,864,724,836 and Fidelity Brokerage Services LLC (Boston, MA), with $21,740,282,181. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does Brown Advisory have?
Brown Advisory has 22 investment adviser representatives registered with state securities authorities, out of 782 employees, and 272 perform investment advisory functions. 7 are registered representatives of a broker-dealer and 0 are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Brown Advisory invest in?
At the end of its last fiscal year, Brown Advisory’s separately managed accounts held 60% exchange-traded equities, 13% registered funds (mutual funds, ETFs, BDCs), 11% pooled vehicles (private funds and similar), 7% cash and equivalents, 4% state and local bonds, 3% U.S. government and agency bonds, 1% sovereign bonds and 1% investment grade corporate bonds. It advises 3 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Brown Advisory?
Brown Advisory is owned through a holding company by Brown Advisory Group Holdings LLC. Its direct owner is Brown Advisory Management LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Brown Advisory get paid?
Brown Advisory is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file