Brown Advisory has joined forces with two Austin-based investment management teams- Blackhaw Wealth Management and Oxbow Advisors- to launch a presence in Austin, Texas.
Blackhaw founder Ian McAbeer has now been appointed as partner, portfolio manager and head of Brown Advisory’s Austin office. Other Blackhaw employees including Tushar Shah, Sarah Richardson and Mia Karides have also joined Brown Advisory.
"We believe we are creating a local investment advisory practice with unparalleled capabilities, and one that will bring significant and long-term benefit for clients. Furthermore, we think Brown Advisory now represents the only privately-owned, independent investment advisory firm in Austin with the resources and expertise to address thoughtfully the full range of client needs across investment management, strategic estate and tax planning, and multigenerational trust services," McAbeer said.
Erik Cohen, Jonathan Levy, and Mindy McDuffie have joined Brown Advisory from Oxbow Advisors.
"Having grown up in Austin and now raising my family here, I am thrilled the seven of us will further support our community's entrepreneurial ecosystem with a meaningful local presence. Together, we believe we are bringing a forward-thinking commitment to clients that will endure for the long term," Levy said.
Brown Advisory, an independent investment firm, serves private clients and institutions across 34 countries from eight offices worldwide.
Brown Advisory president and CEO Mike Hankin said: "When we meet good folks with similar missions and a vision for building something impactful for their clients and communities, a decision to invest in them becomes relatively easy.
“In this instance, not only do we believe Brown Advisory can and will be helpful to the leaders of Austin, we fully expect the Austin perspective to be helpful to our clients across the globe."