ASAE Investment Management Solution - Brown Advisory

Brown Advisory is an independent investment management and strategic advisory firm committed to delivering a combination of first-class performance, thoughtful and creative strategic advice and the highest level of client service. With approximately $172 billion in client assets1 and over 350 associations, endowments and foundations clients as of July 31, 2025, Brown Advisory has a proven track record in professional investment management, especially as it relates to the association industry.

Why Brown Advisory?

• Independence and Ownership: Brown Advisory is an independent firm where all 1,000+ colleagues are equity owners. This alignment with client interests and ensures a long-term commitment.
• Global Presence: The firm has a significant global presence with offices in various major cities across the United States, Europe, and Asia.
• Client-Centric Approach: Brown Advisory is dedicated to providing first-class performance, strategic advice, and exceptional client service. Our focus is on building long-term relationships and offering customized solutions to meet the unique needs of each client.
• Diverse Investment Strategies: We offer a wide range of investment strategies including private equity feeder funds, alternative strategies, and global equity managers. This diversity enables us to tailor investment opportunities to specific client goals.
• Rigorous Process and Compliance: The firm adheres to detailed subscription and compliance processes for its private equity funds and external investments. This ensures thorough vetting and regulatory compliance for all investments.
• Collaborative Team Structure: Brown Advisory builds customized portfolios through collaboration across various investment teams. Our flat structure allows for close collaboration among professionals to deliver results.

Through Brown Advisory, ASAE members have access to the following solutions for assets over $5 million: 

Investment Advice

• Combination of internally and externally managed strategies that leverage Brown Advisory’s equity, fixed income, private equity and alternatives research teams²
• Three bucket approach that balances the organization’s core portfolio, operating account and opportunistic allocation to ensure appropriate near-term liquidity, long-term discipline, and all-around flexibility to act on timely investments 

Policy Advice

• Investment Policy Statement development, refinement, and ongoing review and analysis 

Strategic Advice

• Counsel on a wide range of topics beyond traditional investment advice, including association governance, member engagement, values-based investing and more 

Mission-Aligned Investing

• Leveraging sustainable investment research that considers qualitative, quantitative and financially material information as a mechanism to help clients reflect their values and generate impact with their portfolios 

Customized Client Service

• Custom team-based service model for a high-touch and personal relationship. This includes extensive technology and operations resources that are committed to new solutions based on client feedback and technological innovation. 

For more information about Brown Advisory please view the resources below.

• Brown Advisory Overview
• Brown Advisory Annual Report-Thinking
• Brown Advisory Associations Brochure - How We Partner with Associations 

For a comprehensive library of Brown Advisory’s thought leadership,
please visit: https://www.brownadvisory.com/us/insights

1. As of July 31, 2025, Brown Advisory had approximately $172.4 billion in client assets managed on a discretionary, non-discretionary and model delivery basis across the following affiliated entities: Brown Advisory LLC, Brown Investment Advisory & Trust Company, Brown Advisory Ltd., Brown Advisory Trust Company of Delaware, LLC, Brown Advisory Investment Solutions Group LLC, NextGen Venture Partners LLC and Signature Financial Management, Inc. 2. Prospective investors should be aware that private equity and alternative investments involve a high degree of risk and, therefore, should be undertaken only by investors capable of evaluating such risks of and bearing the risks it represents. There can be no assurance that any investment objectives will be achieved, or that investors will receive a return of their capital. Accordingly, investors should only invest in private equity or alternative investments if such investors are able to withstand a total loss of their investment. Prospective investors should carefully review the matters discussed in the section regarding risk factors contained in the Memorandum relating to any investment opportunity. For full list of disclosures, please visit: https://www.brownadvisory.com/us/disclosures.