Brown Advisory has announced that it has joined forces with Signature Family Wealth Advisors.
RIA Signature, with a team of 48 associates and $4.3 billion in assets under management, has offices in Charlottesville, Norfolk and Richmond, and is a multifamily office offering investment, tax and planning expertise.
Brown, an investment and strategic advisory firm, serves private clients and institutions in 37 countries from eight offices globally and is responsible for approximately $67 billion in client assets.
“The combination with Brown Advisory is perfectly aligned with the expectation and intention of Signature’s founding,” Randy Webb, president and CEO of Signature, said in a statement.
Webb added, “Independence, client service and a passion for excellence and learning are central attributes to both firms. The combined resources and expertise of Signature and Brown Advisory will enhance the platform for our industry-leading multifamily office service.”
“We are fortunate to be able to expand the use of our professionals’ expertise and incorporate the complementary skills and experience of the Brown Advisory team,” Susan Colpitts, Signature’s co-founder and chief of client experience, said in the statement.
Mike Hankin, president and CEO of Brown, said of the merger in a statement, “Together, we are building a firm that aims to not just raise the bar for our clients’ experience, but to raise the future of our industry.”