Brown Advisory offers a full array of investment services to institutional investors through both of its subsidiaries, Brown Investment Advisory & Trust Company and Brown Advisory Securities.

Brown Investment Advisory & Trust Company provides comprehensive investment management to institutions on a discretionary basis. Depending on the needs and interests of the client, we can manage all or a portion of an institution's portfolio.

• Core capabilities include large-cap growth and large-cap value, small-cap growth, and fixed income.
• In addition, we offer access to a variety of complementary styles and asset classes through our "selective open architecture" program. By adding these capabilities to our own, we are able to offer small to medium-sized institutions a complete asset management service, including asset allocation and detailed performance reporting.

Brown Advisory Securities offers institutional clients a traditional mix of research and execution capabilities delivered by experienced investment professionals with sensitivity to each client's objectives:

• Independent research from Brown Advisory's research staff
• Dedicated research sales teams
• Institutional sales trading desk
• Ability to execute fixed income, equity, and option trades on all exchanges
• Custody services