Brown Advisory Ltd. (London)

Name: Brown Advisory Ltd.
Address: 6 10 Bruton Street 3 Rd Floor, London, W1 J6 Px
Telephone: 44 203-301-8130

Brown Advisory Ltd. is a large advisory firm based in London. It manages $1.39 billion of regulatory assets for 414 client accounts. It has been registered with the SEC as an adviser since 2014.

Brown Advisory provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm also engages as markets funds managed by an affiliate entity.

Brown Advisory: assets under management

The assets under management (AUM) of Brown Advisory Ltd. is $1.39 billion. The firm's AUM has grown by 2186% since the beginning of its operation, and $1.32 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $1.36 billion in discretionary accounts and $24.39 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.8 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $443.51 thousand.

Brown Advisory has custody of $71.02 million in cash and securities for 36 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 57% of the total AUM. The second-largest asset type is investment and business development companies, which make up 27% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Brown Advisory Ltd. 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 Michael David Hankin serves?

The firm provides services to individuals, charitable organizations, other investment advisers, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Michael David Hankin is other investment advisers with 4 clients and $701.41 million of assets under management. Among the 8 most similar advisory firms, Brown Advisory has the highest percentage of other investment advisers out of all clients.

The amount of regulatory assets under management is $1.39 billion for 255 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 81% of the firm’s clients are foreign persons or businesses.

Brown Advisory doesn't advise any private funds.

Careers at Brown Advisory Ltd.

The company employs 45 people that are either part- or full-time employees. 31 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Michael David Hankin has been acting as President since 1 Sep 2007. Brown Advisory Incorporated joined the executive team most recently as the Unit Holder And Managing Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael David Hankin	Director	1 Sep 2007	Other	2339625
David Michael Churchill	Director	1 Sep 2007	Other	2094155
Brown Advisory Incorporated	Sole shareholder	1 Sep 2007	75% - 100%	52-2112409
Logie Charles Fitzwilliams	Director	1 Sep 2007	Other	4747501
David Charles Kay Shuttleworth	Head of legal uk	1 Jan 2011	Other	6322233
Peter Gc Mallinson	Director	1 Sep 2014	Other	2217449
Brett David Rogers	Group chief compliance officer & general counsel	1 Oct 2014	Other	4641164
Richard Martin Thomason	Head of compliance uk	1 Mar 2015	Other	6028972
Llc Brown Advisory Management	Holding company	1 Jan 2016	75% - 100%	26-4560299

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Brown Advisory Incorporated	Unit holder and managing member	1 Jan 2016	Other	52-2112409
Brown Advisory Group Holdings Llc	Holding company	1 Jan 2016	25% - 50%	47-5471075

Based in London

The principal office where Brown Advisory Ltd. performs its advisory services is located at 6 10 Bruton Street 3 Rd Floor, London, W1 J6 Px, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 44 203-301-8130 or by fax 44 203-301-8145. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at brownadvisory.com.