Investment Letters

FBR Private Wealth Team Joins Brown Advisory

Sep 2009
Baltimore, MD (May 29, 2009) -- Brown Advisory, a leading independent investment firm with more than $14 Billion under management, today announced the recent addition of four members to its investment advisory team. Webb C. Hayes, IV, Theresa K. Balaran, James D. David, and Justin Lambert joined Brown Advisory from FBR Private Wealth, part of FBR Capital Markets Inc., located in Northern Virginia.  The team will be located in Brown Advisory’s Bethesda office.  With this addition, Brown Advisory continues its growth in the Washington, D.C. market, where the firm now has twenty-eight employees managing over $2 billion for Washington-area individual and institutional investors.
 
Prior to joining Brown Advisory, Mr. Hayes was a Senior Managing Director at FBR and worked primarily with high net worth clients throughout the Washington metropolitan area.  Mr. Hayes will continue as a Senior Client Advisor and will be responsible for business development and client service. Before joining FBR in 1999, Mr. Hayes had an extensive career in banking, having served as a Director and Vice Chairman of United Bank of Virginia, Director and President of George Mason Bancshares, Inc. and President and CEO of George Mason Bank, N.A. until its merger with United Bancshares, and Chairman and CEO of Palmer National Bankcorp and Palmer National Bank, a private bank until its merger with George Mason.  Mr. Hayes also served on the Board of the Richmond Federal Reserve Bank for five years.
 
Ms. Balaran has over twenty years of experience working with private investors, their families and philanthropies.  She served as Managing Director at FBR Private Wealth, where she worked since 1999. Prior to that, she was Managing Director-Client Services and a member of the investment policy committee at Potomac Asset Management in Bethesda. Earlier in her career, Ms. Balaran was a financial consultant to the World Bank Pension Department. From 1984-94, she worked for Sanford C. Bernstein & Co., in New York where she served clients as part of the individual and large pension advisory teams. She will serve as a Portfolio Manager and Client Advisor at Brown Advisory.
 
Mr. David comes to Brown Advisory with extensive experience providing investment and financial counsel to a number of Northern Virginia families. He also joined FBR Private Wealth in 1999 and served most recently as a Managing Director.  Mr. David is a CPA and has held various senior positions with the public accounting firms of Kenneth Leventhal, PWCoopers and Grant Thornton. With Brown Advisory, he will be a member of the Strategic Advisory Group and will continue to work with clients on complex tax and planning matters.
 
Mr. Lambert has worked with the team at FBR for the past year and a half and is active in all aspects of client service and account administration.
 
Brown Advisory (www.brownadvisory.com) is an independent investment firm committed to delivering a combination of superior performance, strategic advice and the highest level of service. Since its founding as an affiliate of Alex. Brown & Sons in 1993, the firm has grown substantially, with assets of approximately $14 billion in separate accounts, mutual funds, and securities. Brown Advisory is owned primarily by its partners and directors.

Brown Advisory Briefings

FBR Private Wealth Team Joins Brown Advisory

Sep 2009
Baltimore, MD (May 29, 2009) -- Brown Advisory, a leading independent investment firm with more than $14 Billion under management, today announced the recent addition of four members to its investment advisory team. Webb C. Hayes, IV, Theresa K. Balaran, James D. David, and Justin Lambert joined Brown Advisory from FBR Private Wealth, part of FBR Capital Markets Inc., located in Northern Virginia.  The team will be located in Brown Advisory’s Bethesda office.  With this addition, Brown Advisory continues its growth in the Washington, D.C. market, where the firm now has twenty-eight employees managing over $2 billion for Washington-area individual and institutional investors.
 
Prior to joining Brown Advisory, Mr. Hayes was a Senior Managing Director at FBR and worked primarily with high net worth clients throughout the Washington metropolitan area.  Mr. Hayes will continue as a Senior Client Advisor and will be responsible for business development and client service. Before joining FBR in 1999, Mr. Hayes had an extensive career in banking, having served as a Director and Vice Chairman of United Bank of Virginia, Director and President of George Mason Bancshares, Inc. and President and CEO of George Mason Bank, N.A. until its merger with United Bancshares, and Chairman and CEO of Palmer National Bankcorp and Palmer National Bank, a private bank until its merger with George Mason.  Mr. Hayes also served on the Board of the Richmond Federal Reserve Bank for five years.
 
Ms. Balaran has over twenty years of experience working with private investors, their families and philanthropies.  She served as Managing Director at FBR Private Wealth, where she worked since 1999. Prior to that, she was Managing Director-Client Services and a member of the investment policy committee at Potomac Asset Management in Bethesda. Earlier in her career, Ms. Balaran was a financial consultant to the World Bank Pension Department. From 1984-94, she worked for Sanford C. Bernstein & Co., in New York where she served clients as part of the individual and large pension advisory teams. She will serve as a Portfolio Manager and Client Advisor at Brown Advisory.
 
Mr. David comes to Brown Advisory with extensive experience providing investment and financial counsel to a number of Northern Virginia families. He also joined FBR Private Wealth in 1999 and served most recently as a Managing Director.  Mr. David is a CPA and has held various senior positions with the public accounting firms of Kenneth Leventhal, PWCoopers and Grant Thornton. With Brown Advisory, he will be a member of the Strategic Advisory Group and will continue to work with clients on complex tax and planning matters.
 
Mr. Lambert has worked with the team at FBR for the past year and a half and is active in all aspects of client service and account administration.
 
Brown Advisory (www.brownadvisory.com) is an independent investment firm committed to delivering a combination of superior performance, strategic advice and the highest level of service. Since its founding as an affiliate of Alex. Brown & Sons in 1993, the firm has grown substantially, with assets of approximately $14 billion in separate accounts, mutual funds, and securities. Brown Advisory is owned primarily by its partners and directors.

Brown Advisory in the News

FBR Private Wealth Team Joins Brown Advisory

Sep 2009
Baltimore, MD (May 29, 2009) -- Brown Advisory, a leading independent investment firm with more than $14 Billion under management, today announced the recent addition of four members to its investment advisory team. Webb C. Hayes, IV, Theresa K. Balaran, James D. David, and Justin Lambert joined Brown Advisory from FBR Private Wealth, part of FBR Capital Markets Inc., located in Northern Virginia.  The team will be located in Brown Advisory’s Bethesda office.  With this addition, Brown Advisory continues its growth in the Washington, D.C. market, where the firm now has twenty-eight employees managing over $2 billion for Washington-area individual and institutional investors.
 
Prior to joining Brown Advisory, Mr. Hayes was a Senior Managing Director at FBR and worked primarily with high net worth clients throughout the Washington metropolitan area.  Mr. Hayes will continue as a Senior Client Advisor and will be responsible for business development and client service. Before joining FBR in 1999, Mr. Hayes had an extensive career in banking, having served as a Director and Vice Chairman of United Bank of Virginia, Director and President of George Mason Bancshares, Inc. and President and CEO of George Mason Bank, N.A. until its merger with United Bancshares, and Chairman and CEO of Palmer National Bankcorp and Palmer National Bank, a private bank until its merger with George Mason.  Mr. Hayes also served on the Board of the Richmond Federal Reserve Bank for five years.
 
Ms. Balaran has over twenty years of experience working with private investors, their families and philanthropies.  She served as Managing Director at FBR Private Wealth, where she worked since 1999. Prior to that, she was Managing Director-Client Services and a member of the investment policy committee at Potomac Asset Management in Bethesda. Earlier in her career, Ms. Balaran was a financial consultant to the World Bank Pension Department. From 1984-94, she worked for Sanford C. Bernstein & Co., in New York where she served clients as part of the individual and large pension advisory teams. She will serve as a Portfolio Manager and Client Advisor at Brown Advisory.
 
Mr. David comes to Brown Advisory with extensive experience providing investment and financial counsel to a number of Northern Virginia families. He also joined FBR Private Wealth in 1999 and served most recently as a Managing Director.  Mr. David is a CPA and has held various senior positions with the public accounting firms of Kenneth Leventhal, PWCoopers and Grant Thornton. With Brown Advisory, he will be a member of the Strategic Advisory Group and will continue to work with clients on complex tax and planning matters.
 
Mr. Lambert has worked with the team at FBR for the past year and a half and is active in all aspects of client service and account administration.
 
Brown Advisory (www.brownadvisory.com) is an independent investment firm committed to delivering a combination of superior performance, strategic advice and the highest level of service. Since its founding as an affiliate of Alex. Brown & Sons in 1993, the firm has grown substantially, with assets of approximately $14 billion in separate accounts, mutual funds, and securities. Brown Advisory is owned primarily by its partners and directors.

Winslow Reports

FBR Private Wealth Team Joins Brown Advisory

Sep 2009
Baltimore, MD (May 29, 2009) -- Brown Advisory, a leading independent investment firm with more than $14 Billion under management, today announced the recent addition of four members to its investment advisory team. Webb C. Hayes, IV, Theresa K. Balaran, James D. David, and Justin Lambert joined Brown Advisory from FBR Private Wealth, part of FBR Capital Markets Inc., located in Northern Virginia.  The team will be located in Brown Advisory’s Bethesda office.  With this addition, Brown Advisory continues its growth in the Washington, D.C. market, where the firm now has twenty-eight employees managing over $2 billion for Washington-area individual and institutional investors.
 
Prior to joining Brown Advisory, Mr. Hayes was a Senior Managing Director at FBR and worked primarily with high net worth clients throughout the Washington metropolitan area.  Mr. Hayes will continue as a Senior Client Advisor and will be responsible for business development and client service. Before joining FBR in 1999, Mr. Hayes had an extensive career in banking, having served as a Director and Vice Chairman of United Bank of Virginia, Director and President of George Mason Bancshares, Inc. and President and CEO of George Mason Bank, N.A. until its merger with United Bancshares, and Chairman and CEO of Palmer National Bankcorp and Palmer National Bank, a private bank until its merger with George Mason.  Mr. Hayes also served on the Board of the Richmond Federal Reserve Bank for five years.
 
Ms. Balaran has over twenty years of experience working with private investors, their families and philanthropies.  She served as Managing Director at FBR Private Wealth, where she worked since 1999. Prior to that, she was Managing Director-Client Services and a member of the investment policy committee at Potomac Asset Management in Bethesda. Earlier in her career, Ms. Balaran was a financial consultant to the World Bank Pension Department. From 1984-94, she worked for Sanford C. Bernstein & Co., in New York where she served clients as part of the individual and large pension advisory teams. She will serve as a Portfolio Manager and Client Advisor at Brown Advisory.
 
Mr. David comes to Brown Advisory with extensive experience providing investment and financial counsel to a number of Northern Virginia families. He also joined FBR Private Wealth in 1999 and served most recently as a Managing Director.  Mr. David is a CPA and has held various senior positions with the public accounting firms of Kenneth Leventhal, PWCoopers and Grant Thornton. With Brown Advisory, he will be a member of the Strategic Advisory Group and will continue to work with clients on complex tax and planning matters.
 
Mr. Lambert has worked with the team at FBR for the past year and a half and is active in all aspects of client service and account administration.
 
Brown Advisory (www.brownadvisory.com) is an independent investment firm committed to delivering a combination of superior performance, strategic advice and the highest level of service. Since its founding as an affiliate of Alex. Brown & Sons in 1993, the firm has grown substantially, with assets of approximately $14 billion in separate accounts, mutual funds, and securities. Brown Advisory is owned primarily by its partners and directors.

Press Releases

FBR Private Wealth Team Joins Brown Advisory

Sep 2009
Baltimore, MD (May 29, 2009) -- Brown Advisory, a leading independent investment firm with more than $14 Billion under management, today announced the recent addition of four members to its investment advisory team. Webb C. Hayes, IV, Theresa K. Balaran, James D. David, and Justin Lambert joined Brown Advisory from FBR Private Wealth, part of FBR Capital Markets Inc., located in Northern Virginia.  The team will be located in Brown Advisory’s Bethesda office.  With this addition, Brown Advisory continues its growth in the Washington, D.C. market, where the firm now has twenty-eight employees managing over $2 billion for Washington-area individual and institutional investors.
 
Prior to joining Brown Advisory, Mr. Hayes was a Senior Managing Director at FBR and worked primarily with high net worth clients throughout the Washington metropolitan area.  Mr. Hayes will continue as a Senior Client Advisor and will be responsible for business development and client service. Before joining FBR in 1999, Mr. Hayes had an extensive career in banking, having served as a Director and Vice Chairman of United Bank of Virginia, Director and President of George Mason Bancshares, Inc. and President and CEO of George Mason Bank, N.A. until its merger with United Bancshares, and Chairman and CEO of Palmer National Bankcorp and Palmer National Bank, a private bank until its merger with George Mason.  Mr. Hayes also served on the Board of the Richmond Federal Reserve Bank for five years.
 
Ms. Balaran has over twenty years of experience working with private investors, their families and philanthropies.  She served as Managing Director at FBR Private Wealth, where she worked since 1999. Prior to that, she was Managing Director-Client Services and a member of the investment policy committee at Potomac Asset Management in Bethesda. Earlier in her career, Ms. Balaran was a financial consultant to the World Bank Pension Department. From 1984-94, she worked for Sanford C. Bernstein & Co., in New York where she served clients as part of the individual and large pension advisory teams. She will serve as a Portfolio Manager and Client Advisor at Brown Advisory.
 
Mr. David comes to Brown Advisory with extensive experience providing investment and financial counsel to a number of Northern Virginia families. He also joined FBR Private Wealth in 1999 and served most recently as a Managing Director.  Mr. David is a CPA and has held various senior positions with the public accounting firms of Kenneth Leventhal, PWCoopers and Grant Thornton. With Brown Advisory, he will be a member of the Strategic Advisory Group and will continue to work with clients on complex tax and planning matters.
 
Mr. Lambert has worked with the team at FBR for the past year and a half and is active in all aspects of client service and account administration.
 
Brown Advisory (www.brownadvisory.com) is an independent investment firm committed to delivering a combination of superior performance, strategic advice and the highest level of service. Since its founding as an affiliate of Alex. Brown & Sons in 1993, the firm has grown substantially, with assets of approximately $14 billion in separate accounts, mutual funds, and securities. Brown Advisory is owned primarily by its partners and directors.
 Media Inquiries
For media inquiries please contact:

Malcolm Fitch
(410) 537-5354
MFitch@brownadvisory.com
 

 
 

 

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