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Finance

Baltimore's Brown Advisory acquires Austin investment firm

Baltimore's Brown Advisory acquires Austin investment firm

Baltimore investment firm Brown Advisory has acquired a small Austin, Texas, investment company to establish an office there.

The four-person staff at Blackhaw Wealth Management will join Brown Advisory. The firm's founder, Ian McAbeer, will serve as head of the Austin office. Financial terms of the deal were not disclosed.

Three financial advisers from Austin-based Oxbow Advisors will also join the new Brown Advisory office, but Brown is not acquiring that firm, a spokesman said.

"When we meet good folks with similar missions and a vision for building something great for their clients and communities, a decision to invest in them becomes relatively easy," said...

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