Brown Advisory offers a range of proprietary equity strategies to institutional clients. Core investment capabilities include large-cap growth, value and flexible value, small-cap growth and value, and fixed income.

 

We believe that disciplined, bottom-up research is the foundation of superior investment performance. We follow up the best ideas with extensive due diligence. Analyzing financial statements, organizing on-sight visits, and evaluating market insights certainly play a critical role in the research process.

We combine those tools with a focus on constant collaboration between our in-house team of 20 dedicated research analysts. Our team meets several times over the course of the week to discuss new ideas, revisit old ones and challenge each other on names currently in the portfolio.

 

Our investment process is consistent and sustainable. Only a limited number of stocks meet our investment criteria.
  • Large-Cap Growth

  • Large-Cap Value

  • Flexible Value

  • Small-Cap Growth

  • Small-Cap Fundamental Value

  • Fixed Income

  • Private Equity

    • Brown Advisory’s Large-Cap Growth strategy focuses on business models that seek to generate high, sustainable earnings growth rates. We are not benchmark driven. We believe that a diversified but relatively concentrated portfolio of companies with sound business models and competitive positioning, purchased at attractive valuations, should produce above-average returns over time.

    Inside The Strategy:

    • A diversified portfolio of large-cap companies
       
    • Approximately 30 holdings
       
    • Market Cap > $2 billion
    Separate Accounts (Registration Required)

    Mutual Fund Information
    About the Manager: Stuzin
     
     

    Brown Advisory’s Large-Cap Value strategy seeks to achieve above-average long-term returns and attempts to achieve a "margin of safety" when determining a company's valuation. Our value team pays particular attention to companies with quality balance sheets, financial flexibility and proven earnings. We use a bottom-up, research-intensive process with a rigorous valuation discipline to build a portfolio with attractive valuations and strong underlying fundamentals.

     

    Inside The Strategy:

    • A diversified portfolio of mid/large-cap companies
       
    • 35-45 holdings
       
    • Market Cap > $2 billion
    Separate Accounts (Registration Required)

    Mutual Fund Information
     
    Brown Advisory’s “Flexible Value” strategy expands the bargain hunting concept of traditional value investing to embrace a broader range of investment opportunities.  With value defined as the present value of estimated future cash flows, the strategy seeks bargains in "value" as well as "growth" stocks.  Thus, value is its philosophy but not its style. 

    Inside The Strategy:

    • A moderately concentrated portfolio of mid/large-cap companies
    • Market Cap typically greater than $2 billion
    • We seek to buy businesses with good long-term economics and capable management on a bargain basis by: 
      • Taking advantage of temporary adversity or market disfavor
      • Identifying a significant change that may improve business prospects
      • Identifying an up-and-coming business early in its life and before it becomes widely recognized.

    Separate Accounts (Registration Required)
    Strategy Presentation
    Quarterly Commentary

    Mutual Fund Information

    Brown Advisory’s Small-Cap Growth strategy seeks to produce above average risk-adjusted returns through a portfolio of companies displaying above average growth, sound management, and favorable competitive positioning. The portfolio team identifies new investment opportunities by leveraging the firm’s extensive network of venture capital and private equity relationships, clients, directors and outside shareholders.  Although the resulting portfolio is relatively concentrated, it is diversified by sector and business model.

    Inside The Strategy:

    • A diversified portfolio of small-cap companies
       
    • 40-60 holdings
       
    • Market Cap < $5 billion

    Separate Accounts (Registration Required)

    Mutual Fund Information
    About the Managers: Berrier | Hathaway
     

    Brown Advisory’s Small-Cap “Fundamental Value” strategy seeks to produce above average returns by investing in securities that are mis-priced relative to our fundamental assessment of their underlying value.  The team uses several valuation methodologies and a disciplined research process to assess a company’s economic worth, as measured by its asset value, earnings power and expected cash flows.  The strategy seeks to capitalize on market inefficiencies that arise in the small-cap universe.  We believe price does not equate to value, and companies with lower valuations are more likely to provide opportunities for capital appreciation while mitigating risk.

    Inside The Strategy:

    • A diversified portfolio of small-cap companies
    • 40- 60 holdings
    • Market Cap < $4 billion
    Separate Accounts (Registration Required)
    Strategy Presentation
     
    Mutual Fund Information
    About the Mangers: Schuster 

    Brown Advisory’s Fixed Income strategy strives to keep portfolio durations relatively short and quality very high.  The strategy seeks to outperform the relevant benchmarks utilizing active sector rotation and security selection, while maintaining disciplined risk guidelines. We believe that active management of fixed income portfolios can generate solid returns and add stability to balanced portfolios. Our size allows us access to certain individual issues that are too small for many bond managers.

    Inside The Strategy:

    • "Defense is the best offense." We do not believe in speculating for yield 
    • We believe fixed income investments should be matched with client objectives, including the need for income, diversification, liquidity, or total return
    • Our research seeks to exploit changes in sector spreads, security valuations, interest rate trends, and yield curve dynamics
    		 Separate Accounts (Registration Required)
    Strategy Presentation
     
    Mutual Fund Information
    About the Managers: Corbin | Hausner

    For more information about Brown Advisory Funds, click here.

    Brown Advisory’s private equity effort introduces clients to investment opportunities in early- and late-stage venture capital and buyout funds.  We form feeder partnerships with our clients in order to overcome the minimum investment levels required by various funds, and perform in-depth due diligence on each fund we consider for investment. In every case, we invest our own capital alongside our clients' funds to ensure that our interests are aligned.

    Inside The Strategy:

    • Our clients benefit from the firm’s extensive network in the private equity world. 
    • Brown Advisory partners and directors have wide-ranging experience in technology and health care venture investing
    • We leverage our proprietary research expertise in leading-edge industry sectors
    • Our participation in over 40 venture, buyout, and real estate funds provides a strong base of experience

     

     

  • Green Investment Capabilities (through our partner Winslow Management Co.)
    •
     Explore Our Mutual Funds
     

     
     

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    What this means for you: When you open an account, we will ask for certain information that will assist us in verifying your identity, such as your name, address, date of birth and taxpayer identification number. In some cases, we may ask for additional documentation, such as a driver's license, passport or other form of governmental identification.

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    These Terms of Use shall be governed by and construed in accordance with the laws of the Maryland, without giving effect to any principles of conflicts of law. If you take legal action arising out of or relating to these terms and conditions, you agree to file such action only in the state or federal courts located in the City of Baltimore, and you hereby consent and submit to the personal jurisdiction of such courts for the purposes of litigating any such action. If any provision of these terms is deemed unlawful, void, or for any reason unenforceable, then that provision shall be deemed severable from these terms and shall not affect the validity and enforceability of any remaining provisions. This is the entire agreement between Brown Advisory and the user relating to the subject matter herein.

    At Brown Advisory, we believe that you deserve frank and open communication on all aspects of our relationship. In this spirit, we provide this annual summary of our policies relating to confidentiality and privacy of client information, mutual funds, conflicts of interest, trading commissions, proxy voting and Form ADV annual notice.

    CONFIDENTIALITY AND PRIVACY POLICY
    Brown Advisory takes the confidentiality of your personal information and the privacy of your account very seriously. Our commitment to safeguard your personal information goes beyond our legal obligation to process your transactions accurately and securely. Whether we serve you online, in person, on the telephone or by mail, the principles that guide the way in which we conduct business are built upon the core values of trust and integrity.
    We limit access to your personal information to only those employees with a business reason to know such information. We train and consistently remind all employees to respect client privacy and to recognize the importance of the confidentiality of such information. Those who violate our privacy policy are subject to disciplinary action. This commitment also applies to the sharing of information among Brown Advisory and its affiliates.
    We maintain physical, electronic and procedural safeguards that comply with applicable laws and regulations to protect your personal information, including various measures to protect your personal information while it is stored electronically.
    Federal law requires us to inform you that we have on record personal information about you and that we obtain such information from you directly (e.g., information you provide to us on account applications and other forms, such as your name, address, social security number, occupation, assets and income) and indirectly (e.g., information on our computer systems about your transactions with us, such as your account balance and account holdings). Any personal information you choose to provide is kept confidential and allows us to: (i) provide better and more complete investment and strategic advice; (ii) develop new services that meet additional needs you may have; and, (iii) comply with legal and regulatory requirements.
    In addition, in the normal conduct of our business, it may become necessary for us to share information relating to our clients that we have on record, as described above, with companies not affiliated with us who are under contract to perform services on our behalf. For example, we have contracted with companies to assist us in complying with anti-terrorist and anti-money laundering statutory requirements (including the identification and reporting of activities that may involve terrorist acts or money laundering activities), companies that provide clearing services, and other vendors that provide services directly related to your account relationship with us. Our agreements with these companies require that they keep your information confidential and not use such information for any unrelated purpose.

    We do not sell information about you to third parties, and we do not otherwise disclose information to third parties without your permission or unless required by law.  
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    • Brown Advisory Wins Lipper Award
    • Winslow Environmental News: The Time is Now for Climate Change Adaptation
    • Investment Perspectives: Alphabet Soup: The Shape of Recovery
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    Opportunities in Green Investing
    May 21,2009

    Keynote Presentation
    Jack W. Robinson
    Founder and President, Winslow Management Company


     

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