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BROWN ADVISORY
Legal name: BROWN ADVISORY LLC
CRD 110181File 801-38826
APPROVED
Retail clients
Custody
Filing as of Mar 31, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$124.31B
Top 10% of cohort (national)
Discretionary AUM
$119.21B
Non-discretionary $5.11B
Clients
4,415
26,390 accounts
Employees
782
Top 10% of cohort in MD
Identity & registration
ADV Item 1- Organization form
- Limited Liability Company
- Firm type
- Registered
- SEC region
- PLRO
- Registration date
- Jun 7, 1991
- Principal office
- 901 SOUTH BOND STREET, SUITE 400, BALTIMORE, MD, 21231-3340
- Phone
- 410-537-5400
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $124.31B
- Discretionary AUM
- $119.21B
- Non-discretionary AUM
- $5.11B
- Discretionary accounts
- 25,601
- Non-discretionary accounts
- 789
- Total accounts
- 26,390
- AUM per client
- $28.2M
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Other | 363 | $8.46B |
| Insurance companies | Fewer than 5 | $145.2M |
| Investment companies | 6 | $24.26B |
| Charitable organizations | 683 | $16.25B |
| Other investment advisers | 55 | $5.49B |
| High net worth individuals | 2,484 | $48.58B |
| Pooled investment vehicles | 5 | $15.69B |
| Pension and profit sharing plans | 57 | $2.49B |
| State or municipal government entities | 17 | $2.71B |
| Individuals (other than high net worth individuals) | 745 | $240.5M |
Compensation & activities
ADV Items 5E, 5GCompensation
- Fixed fees
- Performance-based fees
- A percentage of assets under your management
Advisory activities
- Selection of other advisers
- Portfolio management for businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for individuals and/or small businesses
Custody
ADV Item 9- Firm Custody Cash
- Yes
- Firm Custody Assets
- No
- Firm Custody Clients
- No
- Firm Custody Securities
- Yes
- Related Person Custody Cash
- No
- Related Person Custody Assets
- No
- Related Person Custody Clients
- No
- Related Person Custody Securities
- Yes
Disclosure events
ADV Item 11This firm answered no to every Item 11 disclosure question in this filing.
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Apr 1, 2026 | Employees | 733 | 782 | increased by49 |
| Apr 1, 2026 | Clients | 4,063 | 4,415 | increased by352 |
| Apr 1, 2026 | AUM | $121,936,354,796 | $124,314,645,098 | increased by$2,378,290,302 |
| Apr 1, 2026 | Accounts | 24,921 | 26,390 | increased by1,469 |
| May 1, 2025 vs Oct 1, 2022 | Employees | 637 | 733 | increased by96 |
| May 1, 2025 vs Oct 1, 2022 | Clients | 4,073 | 4,063 | decreased by10 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $120,621,194,750 | $121,936,354,796 | increased by$1,315,160,046 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 19,464 | 24,921 | increased by5,457 |
| Apr 1, 2022 | Employees | 557 | 637 | increased by80 |
| Apr 1, 2022 | Clients | 3,060 | 4,073 | increased by1,013 |
| Apr 1, 2022 | AUM | $87,863,970,785 | $120,621,194,750 | increased by$32,757,223,965 |
| Apr 1, 2022 | Accounts | 17,016 | 19,464 | increased by2,448 |
| Apr 1, 2021 | Registration | — | APPROVED |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “BROWN ADVISORY” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“BROWN ADVISORY” may also match similarly-named firms). Confirm identity against each filing.
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.