Brown Advisory
Registered investment adviser · Baltimore, MD · CRD #110181
Form ADV data as of 2026-09-01Regulatory assets
$124.31 billion
Total accounts
26,390
Employees
782
Disclosure events
0
Firm details
- Website: https://www.instagram.com/brown_advisory/?hl=en
- Telephone: 410-537-5400
- SEC file number: 801-38826
- Most recent Form ADV filing: 2026-03-31
- SEC record: View this firm on the SEC's IAPD site
Disciplinary disclosures
This firm answered No to every Item 11 disciplinary question on its most recent Form ADV filing.
Assets and accounts
| Provides continuous and regular supervisory or management services | Yes |
| Discretionary regulatory assets under management | $119.21 billion |
| Non-discretionary regulatory assets under management | $5.11 billion |
| Total regulatory assets under management | $124.31 billion |
| Discretionary accounts | 25,601 |
| Non-discretionary accounts | 789 |
| Total accounts | 26,390 |
| Regulatory assets under management attributable to non-U.S. persons | $40.79 billion |
People
| Total employees (excluding clerical) | 782 |
| Employees performing investment advisory functions (including research) | 272 |
| Employees who are registered representatives of a broker-dealer | 7 |
| Employees registered as investment adviser representatives with a state | 22 |
| Employees registered as IARs for another investment adviser | 0 |
| Employees who are licensed insurance agents | 0 |
| Firms or persons who solicit advisory clients on the firm's behalf | 5 |
Custody
| Has custody of client cash or bank accounts | Yes |
| Has custody of client securities | Yes |
| Client funds and securities held in the firm's custody | $65.79 billion |
| Clients for whom the firm has custody | 3,461 |
| A related person has custody of client cash or bank accounts | No |
| A related person has custody of client securities | No |
| The firm acts as a qualified custodian | No |
| A related person acts as a qualified custodian | No |
| Number of persons acting as qualified custodians for the firm's clients | 36 |
How the firm is compensated
Advisory services offered
Other business activities
Affiliated related persons
Reported conflicts of interest
Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:
- Buys securities from or sells securities to advisory clients (principal transactions)
- Buys or sells for itself securities it also recommends to clients
- Recommends securities in which it has another proprietary interest
- Recommends securities for which it serves as underwriter or general partner
- Recommends securities in which it has another sales interest
- Recommends brokers or dealers to clients
- Receives soft dollar benefits
- Compensates a non-employee for client referrals
- Provides employee compensation specifically for obtaining clients
- Receives compensation from others for client referrals
Client types
| Type of client | Clients | Assets |
|---|---|---|
| Individuals (other than high net worth individuals) | 745 | $240.5 million |
| High net worth individuals | 2,484 | $48.58 billion |
| Investment companies | 6 | $24.26 billion |
| Pooled investment vehicles (other than investment companies and BDCs) | 5 | $15.69 billion |
| Pension and profit sharing plans (not the participants or government plans) | 57 | $2.49 billion |
| Charitable organizations | 683 | $16.25 billion |
| State or municipal government entities (including government pension plans) | 17 | $2.71 billion |
| Other investment advisers | 55 | $5.49 billion |
| Insurance companies | Not reported | $145.2 million |
| Corporations or other businesses not listed above | 363 | $8.46 billion |