Investment and strategic advisory firm Brown Advisory has acquired $4.3bn advisory firm Signature Family Wealth Advisors for an undisclosed sum.
Established in 1994, Signature is a registered investment adviser with offices in Charlottesville, Norfolk and Richmond.
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With expertise in investment, tax and planning, the Virginia-based firm focuses on providing customised solutions to its clients. It is said to have 48 associates.
Signature president and CEO Randy Webb said: “The combination with Brown Advisory is perfectly aligned with the expectation and intention of Signature’s founding.
“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 multi-family office service.”
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By GlobalDataBesides strengthening Brown Advisory’s footprint in the state of Virginia, the combination will expand the advisory team of the company.
Brown Advisory president and CEO Mike Hankin said: “Ahead of us is the tremendous opportunity to serve our existing clients in a more complete way and to build new relationships with families across not just the United States, but around the globe.
“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.”
Serving clients across 37 countries, Brown Advisory manages nearly $67bn in assets.
