Brown Advisory Securities, LLC (Baltimore)

Name: Brown Advisory Securities, LLC
Address: 901 South Bond Street, Baltimore, MD, 21231 3340
Telephone: 410-537-5400

Brown Advisory Securities, LLC is a large advisory firm based in Baltimore. It manages $1.41 billion of regulatory assets for 1,929 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 41 other states.

Brown Advisory Securities provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and retirement plan consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Brown Advisory Securities: assets under management

The assets under management (AUM) of Brown Advisory Securities, LLC is $1.41 billion. The firm's AUM has grown by 9532% since the beginning of its operation, and $2.01 million of the total AUM is attributable to clients outside of the United States.

The firm manages $935.02 million in discretionary accounts and $478.43 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $823.8 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $602.56 thousand.

Brown Advisory Securities has custody of $1.41 billion in cash and securities for 927 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 48% of the total AUM. The second-largest asset type is exchange traded securities, which make up 40% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Brown Advisory Securities, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Thomas Jr Schweizer serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Thomas Jr Schweizer is high net worth individuals with 356 clients and $1.05 billion of assets under management. Among the 9 most similar advisory firms, Brown Advisory Securities has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.41 billion for 927 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Brown Advisory Securities doesn't advise any private funds.

Careers at Brown Advisory Securities, LLC

The company employs 16 people that are either part- or full-time employees. 69 percent of the employees work as investment advisers or researchers. 11 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Thomas Jr Schweizer has been acting as President since 1 Apr 2002. Brown Advisory Group Holdings Llc joined the executive team most recently as the Holding Company.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Michael Churchill	Chief financial officer	1 Apr 2002	Other	2094155
Thomas Jr Schweizer	President	1 Apr 2002	Other	416657
Brown Capital Holdings Incorporated	Sole member	1 Apr 2002	75% - 100%	52-2112409
Sandra Jean Wareheim Doeller	Director of compliance	1 Apr 2002	Other	1126618
Thomas Schweizer	President and chief executive officer	1 Apr 2002	Other	416657
Brown Advisory Holdings Incorporated	Sole shareholder	1 Apr 2002	75% - 100%	52-2112409
Christopher Philip Laia	Chief legal officer	1 Jun 2002	Other	2837101
Patrick Joseph Ventura	Chief compliance officer	1 Mar 2003	Other	2559378
Patrick Joseph Ventura	Chief compliance officer	1 May 2003	Other	2559378
David Paul Brown	Partner and managing director	1 Aug 2003	Other	1008424
Robert Dixon Hopkins	Partner and managing director	1 Aug 2003	Other	1204247
Jennifer Dacey Viglucci	Designated principal	1 Jul 2007	Other	2711386
William James Iii Baird	Managing partner	1 Apr 2008	Other	1568777
Nancy Inter Denney	Chief compliance officer	1 Sep 2009	Other	1655412
William James Iii Baird	Chief compliance officer	1 Apr 2010	Other	1568777
William Scott Harrison	Chief compliance officer	1 May 2010	Other	2287285
Brett David Rogers	Chief compliance officer	1 Aug 2010	Other	4641164
Llc Brown Advisory Management	Managing member	1 Jan 2012	75% - 100%	26-4560299

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Incorporated Brown Advisory	Managing member	1 Jul 2008	75% - 100%	52-2112409
Brown Advisory Group Holdings Llc	Holding company	1 Jan 2016	25% - 50%	47-5471075

Based in Baltimore

The principal office where Brown Advisory Securities, LLC performs its advisory services is located at 901 South Bond Street, Baltimore, MD 21231 3340, which is also the mailing address of the firm. An additional office of the firm is in Chevy Chase, MD. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 410-537-5400 or by fax (410) 537-6486. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at brownadvisory.com.