Brown Advisory acquires $1 billion Meritage Capital

Austin, Texas-based Meritage's eight-person team will join larger firm's office.

MAR 28, 2018

By InvestmentNews

Brown Advisory Inc., an Austin, Texas-based RIA managing $62 billion in assets, has acquired Meritage Capital, an Austin-based firm managing $1 billion. Founded in 2003, Meritage has an eight-person staff, which will join the Brown firm's offices. In a release, Brown said that several of its advisers had worked at Meritage earlier in their careers. "Our long-standing relationships with Brown Advisory's Austin team give us great confidence that our teams are highly aligned with respect to culture, values and client-first thinking," said Alex Smith, a Meritage co-founder.

Envestnet taps Atria alum Sean Meighan to sharpen RIA focus

The fintech giant is doubling down on its strategy to reach independent advisors through a newly created leadership role.

LPL, Evercore welcome West Coast breakaways

The two firms are strengthening their presence in California with advisor teams from RBC and Silicon Valley Bank.

Supreme Court slaps down brokerage's appeal vs. FINRA expulsion case

The high court's decision rebuffing Alpine Securities marks a setback for a broader challenge to Wall Street's reliance on self-regulatory organizations.