{"url":"https://nivawealth.com/firms/brown-advisory-110181","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/110181","regulatoryAum":124314645098,"crd":"110181","secFileNumber":"801-38826","legalName":"Brown Advisory LLC","displayName":"Brown Advisory","website":"https://www.brownadvisory.com/","founded":null,"organization":"Maryland limited liability company","fiscalYearEnd":"December","headquarters":{"street":"901 South Bond Street, Suite 400","city":"Baltimore","state":"MD","stateName":"Maryland","country":"United States","postalCode":"21231-3340"},"tradeNames":[],"registration":{"secApproved":"7 June 1991","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":782,"advisory":272,"brokerDealerReps":7,"insuranceAgents":0,"promoters":5},"aum":{"discretionary":119207600281,"discretionaryAccounts":25601,"nonDiscretionary":5107044817,"nonDiscretionaryAccounts":789,"wrapProgram":3239554322,"nonUsClientsPct":1,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":745,"regulatoryAum":240520288},{"label":"High-net-worth individuals","clients":2484,"regulatoryAum":48580310256},{"label":"Investment companies","clients":6,"regulatoryAum":24260651625},{"label":"Pooled investment vehicles","clients":5,"regulatoryAum":15693735885},{"label":"Pension and profit-sharing plans","clients":57,"regulatoryAum":2487913473},{"label":"Charitable organizations","clients":683,"regulatoryAum":16247727032},{"label":"State or municipal government entities","clients":17,"regulatoryAum":2710149669},{"label":"Other investment advisers","clients":55,"regulatoryAum":5489171785},{"label":"Insurance companies","clients":null,"regulatoryAum":145153361},{"label":"Corporations and other businesses","clients":363,"regulatoryAum":8459311724}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"U.S. Bank National Association","shortName":"U.S. Bank National Association","location":"Cincinnati, OH","smaAssets":28864724836},{"name":"Fidelity Brokerage Services LLC","shortName":"Fidelity","location":"Boston, MA","smaAssets":21740282181}],"custodyNote":"Brown Advisory has custody of $65.79B for 3,461 clients.","otherCustodians":[],"leadership":[{"name":"Logie Fitzwilliams","title":"Co-President & Co-CEO","crd":"4747501"},{"name":"Michael Hankin","title":"Co-President & Co-CEO","crd":"2339625"},{"name":"Shannon Pierce","title":"Chief Financial Officer","crd":"5017028"},{"name":"William White","title":"Chief Operating Officer","crd":"3254656"},{"name":"Victor Fernandez","title":"Chief Compliance Officer","crd":"4652014"},{"name":"Brett Rogers","title":"General Counsel","crd":"4641164"}],"ownership":[{"label":"Brown Advisory Management LLC","detail":"Holding company and managing memeber in the 75% or more ownership band and a control person, since January 2012."},{"label":"Brown Advisory Incorporated","detail":"Indirect owner: unit holder and managing member of Brown Advisory Management LLC and a control person, since July 2008.","parent":"Brown Advisory Management LLC"},{"label":"Brown Advisory Group Holdings LLC","detail":"Indirect owner: a holding company of Brown Advisory Management LLC in the 25% to 50% band and a control person, since January 2016.","parent":"Brown Advisory Management LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":13,"privateResidences":1},"listedOfficeAddresses":13,"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"1 Letterman Drive","city":"San Francisco"}]},{"state":"Delaware","offices":1,"addresses":[{"street":"5701 Kennett Pike","city":"Wilmington"}]},{"state":"District of Columbia","offices":1,"addresses":[{"street":"1801 Pennsylvania Avenue NW","city":"Washington, DC"}]},{"state":"Maryland","offices":1,"addresses":[{"street":"901 South Bond Street, Suite 400","city":"Baltimore","headquarters":true}]},{"state":"Massachusetts","offices":1,"addresses":[{"street":"100 High Street","city":"Boston"}]},{"state":"New York","offices":1,"addresses":[{"street":"12 East 49th Street","city":"New York"}]},{"state":"North Carolina","offices":2,"addresses":[{"street":"1616 Camden Road","city":"Charlotte"},{"street":"1295 Environ Way","city":"Chapel Hill"}]},{"state":"Tennessee","offices":1,"addresses":[{"street":"1222 Demonbreun Street","city":"Nashville"}]},{"state":"Texas","offices":1,"addresses":[{"street":"200 West 6th Street","city":"Austin"}]},{"state":"Virginia","offices":3,"addresses":[{"street":"101 West Main Street","city":"Norfolk"},{"street":"240 W Main Street","city":"Charlottesville"},{"street":"424 Hull Street","city":"Richmond"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"410-537-5400","stateRegisteredReps":22,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)","Performance-based fees"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for investment companies","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":60},{"label":"U.S. government/agency bonds","percent":3},{"label":"U.S. state and local bonds","percent":4},{"label":"Sovereign bonds","percent":1},{"label":"Investment grade corporate bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":13},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":11},{"label":"Cash and cash equivalents","percent":7}],"privateFunds":3},"sources":{"adv1FilingDate":"31 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/110181/PDF/110181.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Brown Advisory have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Brown Advisory offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Brown Advisory use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Brown Advisory have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Brown Advisory invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Brown Advisory?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Brown Advisory get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}