The Financial Conduct Authority (FCA) has granted regulatory approval for Marylebone Partners to join Brown Advisory, with change of control expected to take place on 21 November.

Marylebone Partners will retain autonomy and decision-making for its existing clients, including Majedie Investments.

The firms said that the merger would add strength to the investment offering for private clients, charities, family offices, and endowments, and that it laid the foundation for an endowment-style approach tailored to clients based outside the US.

The combined firm will offer portfolios shaped by Marylebone Partners’ core strategy pillars: active equities, absolute return, and special investments.

Active managers have an opportunity to capitalise on stock dispersion and attractive entry points for differentiated opportunities, the firms added, and the combined firm will aim to provide inflation-beating results for clients over the long term.

Marylebone Partners’ principals have converted their ownership interests into equity in Brown Advisory and all 11 colleagues have formally joined the firm.

“We are delighted to welcome Marylebone Partners to Brown Advisory,” commented Brown Advisory partner and head of international business, Quintin Ings-Chambers.

“Together, we will be stronger in our ability to deliver differentiated investment solutions across a wider range of strategies. Marylebone Partners’ expertise and thoughtful approach aligns with Brown Advisory’s investment thinking and values.”

Marylebone Partners co-founder, partner, and chief investment officer, Dan Higgins, added: “Joining Brown Advisory is a pivotal moment for Marylebone Partners. Our clients will continue working with the team they trust, now supported by deeper research and enhanced investment resources.

“In today’s compelling market environment, we believe we’re well-positioned to deliver inflation-beating absolute returns through bespoke solutions.”

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