BALTIMORE, Feb. 13, 2013 /PRNewswire/ -- Brown Advisory, an independent investment management and strategic advisory firm with approximately $33 billion in client assets, announced today that it was named Best Private Wealth Manager - Performance - Over $5 Billion during the Private Asset Management (PAM) Awards ceremony in New York.
Brown Advisory is honored to receive the award in this category among four other industry leaders in private wealth management. This is the second consecutive year that the firm has won this particular award. Award recipients were evaluated by a panel of industry experts, who judged each applicant on key criteria including financial progress and stability, growth in clients and internal hires, client satisfaction and industry innovation.
"We are proud to be recognized among the industry's leaders for our continued commitment to our clients, in our endeavors to deliver first-rate performance, strategic advice and the highest levels of client service," said Brown Advisory's President and Chief Executive Officer, Mike D. Hankin. "Every full-time employee of Brown Advisory owns equity in the firm, and we all know that if we focus every day on what's best for clients, then success and recognition will follow."
Brown Advisory was also nominated for three other PAM awards, marking the second consecutive year that the firm was included on the short list for multiple awards.
About Brown Advisory
Brown Advisory (www.brownadvisory.com) is an independent investment management firm, with approximately $34 billion in client assets, with principal offices in Baltimore and Washington, D.C., as well as in Boston, Wilmington, Del., Chapel Hill, N.C., and London. The Firm's institutional and private clients are based in 49 states and 22 countries and are serviced by over 300 employees worldwide, all of whom are equity owners of the firm.
About the PAM Awards
The PAM Awards are awarded annually by Private Asset Management, a financial services industry trade publication. The PAM Awards invites firms to compete for awards in several categories by providing answers regarding their business model, services offered, growth in client count and assets managed, countries of operation, service innovation, and performance. In addition, The PAM Awards permits firms to provide additional information of their choosing in support of their candidacy. A panel of independent industry experts selects the nominees and winners based on a number of qualitative and quantitative performance indicators. The PAM Awards do not release statistics on the number of firms competing. Nomination or receipt of a PAM Award is not necessarily indicative of any particular client's experience or a guarantee that the firm will perform in the future as it did during the period evaluated by The PAM Awards.
SOURCE Brown Advisory