Guides › Financial Advisor Fees
Updated September 28, 2026. Quick answer: Brown Advisory is registered with the SEC as an investment adviser (CRD #110181, confirmed ACTIVE this session via SEC IAPD). Per its own current fee brochure, a $500,000 account would run $6,250 a year under its published fee schedule. This review covers what its fee brochure and current SEC registration confirm today; this firm also has a fiduciary-status page and minimum-investment page on this site.
Brown Advisory at a glance
| Fact | What Brown Advisory’s own pages say |
|---|---|
| Legal entity | Brown Advisory LLC |
| Registration | Brown Advisory LLC is registered with the SEC as an investment adviser (CRD #110181, confirmed ACTIVE this session via SEC IAPD). |
| Fee on a $500,000 account | $6,250 a year, per its own current brochure |
| Minimum to open an account | See the minimum-investment page for Brown Advisory |
| Cost to leave (exit fee) | No how-to-leave page published for this firm yet |
What Brown Advisory’s own fee schedule charges
CRD 110181 independently re-verified ACTIVE/isSECRegistered=Y, SEC file 801-38826, Baltimore HQ. Brown Advisory presents TWO Private Client schedules: ‘GREATER THAN $5 MILLION’ (1.00/0.75/0.50/0.35/0.30%) is the standard schedule for its typical $5M+ minimum client; ‘LESS THAN $5 MILLION’ (used here) applies only where the $5M minimum is waived, which is the schedule that actually prices a $250k-$2M client. No dollar-denominated minimum annual fee is stated.
“PRIVATE CLIENT PORTFOLIOS LESS THAN $5 MILLION 1.25% on the first $3 million under management 1.00% on the next $2 million under management”
Brown Advisory’s standard, $5,000,000-minimum schedule (1.00%/0.75%/0.50%/0.35%/0.30%) does not apply below that minimum. All four benchmark balances shown here fall below $5,000,000, so this page prices the brochure’s own explicit sub-$5,000,000 waived-minimum schedule instead (1.25% on the first $3,000,000, 1.00% on the next $2,000,000, marginal), which is the schedule that actually governs a client at these balances. No dollar-denominated minimum annual fee is stated.
| Account balance | Annual fee |
|---|---|
| $250,000 | $3,125 |
| $500,000 | $6,250 |
| $1,000,000 | $12,500 |
| $2,000,000 | $25,000 |
See the full breakdown, including how the figure is calculated, on Brown Advisory’s own fee page.
Registration
Brown Advisory LLC is registered with the SEC as an investment adviser (CRD #110181, confirmed ACTIVE this session via SEC IAPD).
This is a registration confirmation only, not a fiduciary-standard verdict (a registered investment adviser can still be a dual registrant with a broker-dealer, which changes which standard applies in each capacity). For the fiduciary-standard question itself, see the fiduciary-status page for Brown Advisory.
What it costs to leave
Brown Advisory does not yet have a dedicated exit-fee page on this site. The general mechanics of switching financial advisors and a dated termination letter apply regardless of firm.
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- Form ADV Part 2A (March 25, 2026): https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1037550
- SEC IAPD firm summary (CRD #110181, checked September 28, 2026): https://adviserinfo.sec.gov/firm/summary/110181
Methodology. This page was built September 28, 2026, drawing directly on Brown Advisory’s own current fee brochure, linked above, and a fresh SEC IAPD registration check run the same day. As of September 28, 2026, this site publishes a fiduciary-status page and a minimum-investment page for Brown Advisory; where the exit-fee page already exists it is linked above and drawn from that already-sourced page. Any fact we could not independently confirm is named as an honest gap rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice, and it is not a substitute for reading Brown Advisory’s own Form ADV Part 2A and Form CRS. We have not used Brown Advisory as a client. Brown Advisory did not pay for, review, or influence this content. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
What does it take to open an account? See Brown Advisory’s minimum investment, straight from its own Form ADV Part 2A brochure.
Comparing Brown Advisory against other options? See Brown Advisory alternatives, including a lower-fee full-service firm, a flat-fee route and a robo/hybrid.
Comparing firms? See all 182 advisor firm reviews in one table, with each firm’s type and its fee on a $500,000 account.