Brown Advisory acquires $1 billion Meritage Capital

Austin, Texas-based Meritage's eight-person team will join larger firm's office.
MAR 28, 2018

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.

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