Overview
OVERVIEW OF THE FIRM
Brown Advisory Limited (“the firm” or “we”) provides investment management services to U.S. citizens living
outside America and other private clients based outside of the United States. We are also responsible for
the marketing and sales distribution of Brown Advisory Funds Plc, an Ireland – domiciled UCITS fund range
managed by Brown Advisory (Ireland) Limited, with our U.S. affiliate, Brown Advisory, LLC acting as
investment manager and distributor. We are registered with the Securities and Exchange Commission
(“SEC”) as an investment adviser. As of December 31, 2023, Brown Advisory Limited had $14,644.7 million
in regulatory assets under management. Of that total, approximately $14,476.9 million represents assets
managed on a discretionary basis and $167.8 million represents assets managed on a non-discretionary
basis. These values do not include client assets under management or advisement by any of our affiliated
firms, including Brown Advisory LLC, Brown Investment Advisory & Trust Company, Brown Advisory
Investment Solutions Group LLC, NextGen Venture Partners, LLC, and Signature Financial Management,
Inc. doing business as Signature Family Wealth Advisors (together with Brown Advisory Limited, “Brown
Advisory”).
Our U.S. based Brown Advisory affiliate was launched in 1993 as an investment management division of
Alex. Brown & Sons. Alex. Brown & Sons was a Baltimore-based investment bank founded in 1800. In
1998, Brown Advisory became independently owned through an employee-led buyout.
Brown Advisory Limited is a wholly owned subsidiary of Brown Advisory Management LLC (“BAM”). BAM
is a wholly owned subsidiary if Brown Advisory Group Holdings LLC. Brown Advisory’s controlling entity is
Brown Advisory Incorporated (“BAI”), which is organized as a Maryland Corporation. BAI is the managing
member of BAM.
The firm was established in 2008 with the opening of our London office to support Brown Advisory’s growing
global client base.
Typically, our investment management services are provided on a
discretionary basis. The discretionary
service includes mandates where clients impose reasonable restrictions, limitations or other requirements
with respect to their individual accounts. Any such limitations on our discretionary authority to manage
securities accounts on behalf of clients would be initiated and imposed by the client. Generally, we will work
with a client to accommodate investment guidelines and restrictions so long as they do not interfere
materially with a portfolio manager’s ability to implement the investment and portfolio construction process.
Our investment strategy employs a bottom-up, fundamental research approach in security selection and
seeks to provide clients with long-term capital appreciation by actively selecting securities for investment in
concentrated portfolios. For the majority of our clients, we provide a balanced portfolio management
solution. This combines direct investment in equities and fixed income as well as alternatives and private
equity and investments via outside managers through an Investment Solutions Program. This provides
clients with access to a wide range of investment opportunities and asset classes, including international
equities, emerging market equities, global fixed income, high-yield fixed income, private equity,
commodities, hedge funds and real estate. By combining our selective Investment Solutions Program with
our extensive in-house resources, we seek to optimize our customized portfolio management capabilities
for clients.
CUSTOMIZATION OF SERVICES
We work closely with our clients to ensure that their goals and objectives are met. For clients with specific
investment guidelines, we provide customized portfolios. Any client-imposed limitations or guideline
restrictions are defined and outlined in the client's initial documentation with the firm.
We maintain detailed written investment objectives and risk profiles for clients. The language is approved
by the client and us before management of the account begins.
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