United States
Equities Fixed Income External Managers Private Equity and Real Estate Sustainable Investing

Equities

We follow a philosophy that low-turnover, concentrated portfolios derived from sound bottom-up fundamental research provide an opportunity for attractive performance results over time. We have a culture and firm equity ownership structure that help us attract and retain professionals who share those beliefs, and we follow a repeatable investment process that helps us stay true to our philosophy.

Brown Advisory Equity Strategies

Fixed Income

We follow a philosophy that fixed income strategies built from a foundation of stability coupled with fundamental credit research can seek to generate alpha and control risk. We have a culture and firm equity ownership structure that attract and retain professionals who share those beliefs, and we follow a repeatable investment process that helps us stay true to our philosophy.

Brown Advisory Fixed Income Strategies

External Managers

Investment Solutions Group

The Investment Solutions Group is an investment-management team within Brown Advisory that specializes in asset allocation, manager selection, hedge funds and other alternative investment strategies. Dedicated to open-architecture solutions, our team has established a strong track record of identifying high-quality, third-party investment managers across the hedge fund, long-only and private equity universes. We leverage this expertise to help clients assemble portfolios that we believe best fit their needs and goals, offering clients a range of solutions from complete portfolio management to fulfillment of specific hedge-fund and alternative-asset mandates.

Private Equity and Real Estate

Private Equity and Real Estate

Brown Advisory has incorporated private equity and real estate investments in client portfolios since our founding. Today, we can provide that exposure in three distinct ways.

Feeder Funds and Multimanager Funds
We introduce clients to investment opportunities in early- and late-stage venture capital and buyout funds, as well as select real estate funds. We also construct these feeder funds into multimanager funds through our Private Equity Partners (PEP) and Real Estate Partners (REP) vehicles to make private equity investing as easy as possible for our clients.

Customized Private Equity Portfolios
For most clients, private equity is one component of a balanced portfolio that we manage. Other clients, however, come to us specifically for custom-built private equity and real estate portfolios.

Sustainable Investing

Sustainable Investing Strategies

  • Multi-Manager Strategies
  • For clients seeking an open-architecture solution, we have access to several of the premier sustainable managers in the industry - all vetted by internal research.
  • Private Equity
  • Our private equity team is focused on evaluating the growing universe of private impact investments to identify standout opportunities that target various issues of particular concern to our clients. To date, we have placed assets in investments targeting a variety of impact themes such as community impact, microfinance, education technology, sustainable real estate, water initiatives and others.*
  • *Many alternative investments by regulation may only be sold to Accredited Investors (institutions with at least $5 million in assets) or Qualified Purchasers (institutions with at least $25 million in investments).

Customized Portfolios

This diverse assortment of solutions will meet many clients’ sustainability objectives; however, we understand the continued evolution of this space and seek to be able to react quickly to client needs.

For clients with unique missions, value-aligned investing programs, or who simply wish to ensure that they do not own certain controversial companies or have access to certain industries, we offer the following customized options:

Additional Screening: To the extent we have reliable data and can build rules into our compliance systems, we can add specific screens to a separate account to restrict companies (e.g. oil and gas providers) or industries (e.g. tobacco or weaponry).

Customized and Thematic Portfolios: Within a separate account, we can work together to solve for a sustainability need. From a universe of securities researched from both the bottom-up and for their ESG profile, we can assemble a custom portfolio of securities designed to meet many specific sustainable goals or outcomes.

Individuals & Families

To serve sophisticated clients, we live by a simple philosophy: Listen. Offer thoughtful advice. Provide a personalized solution.

For the past five years, our client-retention rate was 97.9%, reflecting the long-term nature of our relationships with clients. (Data as of March 31, 2018)

MANAGING YOUR INVESTMENTS

When we serve as your overarching investment advisor, we seek to add value at every stage of the investment process. 

Listening and Learning

We begin with a comprehensive assessment of your needs, to set a baseline for our recommendations. This is all about listening to you. We want to learn about your long-term goals, as well as your short-term needs and constraints. Beyond your tangible financial goals, we also seek to understand your desires for building a family legacy or making an impact through philanthropy or sustainable investing. We engage you on these topics frequently throughout our relationship, to make sure we are keeping up with your evolving circumstances. Every subsequent action we recommend flows from this discovery process.

Building Your Plan

Next, we build a fully customized plan that addresses your situation and goals. We emphasize balance in this process. We want our investment plans to pursue growth while also ensuring a stable foundation for your capital. Our plans tend to focus less on market benchmarks, and more on achieving goals and milestones that are relevant to you.

One of the hallmarks of our approach is a “financial allocation” that precedes portfolio construction. Importantly, we focus on ensuring that you always have an ample pool of liquidity available to meet your short-term needs, so that you will rarely if ever feel the need or the urge to interrupt longer-term investments. Additionally, we seek to supplement your core investment portfolio with opportunistic investments over time—these allow us to help clients take advantage of dislocations in capital markets.

Constructing Your Portfolio

Your dedicated portfolio management team will tailor your portfolio specifically for you. Your team is backed by Brown Advisory’s powerful investment engine, which arms them with in-depth asset allocation research, in-house equity and fixed income research, and a carefully scrutinized and curated set of outside investment managers spanning core, alternative and private asset classes.

STRATEGIC ADVICE

Long-term financial success involves more than investment planning. We helps clients tackle a wide range of financial challenges, from gift, estate and income tax planning, to philanthropic and impact investing strategies, to family governance and next-generation education. We use the term strategic advice to refer to our work with clients on these matters.

Strategic advice means many things to us:

  1. A dedicated team of experts
    We have a large team of strategic advisors who work extensively with clients that have especially complex circumstances. Our strategic advisors are legal, accounting, financial planning, tax, trust and/or estate experts, with diverse experience that includes work as partners of sophisticated law and accountancy practices, advisors for large family offices and service in senior U.S. government roles.

  2. An integrated approach to problem-solving
    Our clients often deal with very complex planning issues. To address those issues properly, we tightly integrate strategic advisors and portfolio managers on our client teams. Families typically receive this guidance separately, and that can lead to less-desirable outcomes (for example, populating a trust vehicle with lower-growth assets that don’t take advantage of the potential for growth outside of your estate). By including both investment and planning experts on our teams, we believe we can optimize our strategic actions for our clients.

  3. A comprehensive and holistic approach
    Our clients often work with a number of consultants, attorneys, accountants and other experts to address their various financial needs. We frequently collaborate with these disparate groups of advisors, so that we encourage seamless orchestration and execution of our clients’ financial decisions.

SERVICE: A BRIDGE TO BUILDING TRUSTED RELATIONSHIPS

To us, service is all about trust. We aim to serve as a trusted resource and thinking partner for you—ultimately, we make your life simpler and easier if you know that you can rely on us.

Experience and Execution

The core of our service pledge is to constantly strive for perfection in our day-to-day work with you. Your team will include experienced client service personnel with strong capabilities and expertise regarding investment management, transaction oversight, reporting, trust administration and a wide variety of other matters. Our work on your behalf is guided by multiple processes, checks, balances and backstops in the pursuit of 100% accurate and timely execution of every action we take.

Customized Solutions

We work with you to develop a customized service platform. You set the expectations—for day-to-day communication, for reporting and for other service matters—and we will work with you to meet and surpass those expectations.

Our commitment to personalization extends to our firmwide service efforts. For example, we built our client web portal, TouchPoint, from the ground up to meet the expressed needs of our clients. TouchPoint offers comprehensive tools that will help you understand your portfolio—what you hold, how each investment is performing, and how the overall portfolio fits together—and monitor the progress we are making toward achieving your long-term goals.

Develop and Deepen Relationships

Most importantly, we seek to leverage our understanding of your needs and your situation, to stay several steps ahead of your needs. We want to answer your questions before you think to ask them, and provide pre-emptive solutions to challenges that you haven’t even identified yet. By working closely alongside you over time, we hope that you will eventually come to rely on us as a true partner.

Our Clients Are Our Partners

Brown Advisory is distinguished by the quality of its client service personnel. We view our clients as partners. Our dedicated client service team remains committed to forging lasting relationships based on integrity, trust and service.
 

OUR CULTURE:
Putting Clients First

This principle pervades everything we do, not only because it is good for business, but also because we truly care about our clients. We feel privileged to work with them, as they do impressive work: raising successful families, building leading businesses, guiding important nonprofits, overseeing pensions that help people retire well and otherwise making a difference in the world. We take personal satisfaction in helping our clients succeed. That is Brown Advisory in a nutshell.

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Doug Godine

Head of Private Client Business Development