Maryland is home to a vibrant financial services industry, with some of the top investment management firms in the country located in Baltimore and surrounding areas. Major firms like T. Rowe Price, Legg Mason, and Brown Advisory have headquarters in Maryland and manage hundreds of billions in assets. This article provides an overview of the leading investment firms in Maryland, including information on their assets under management, investment strategies and styles, key offerings, and other details that make them top players in the asset and wealth management space.
T. Rowe Price – Highly regarded Baltimore-based global asset manager
Founded in 1937 and headquartered in Baltimore, T. Rowe Price (TROW) is one of the oldest and most established investment management firms in Maryland. With over $1.3 trillion in assets under management as of 2021, T. Rowe Price offers a wide selection of mutual funds, subadvisory services, and separate account management across asset classes to individual and institutional investors. The company is best known for actively-managed equity strategies across sectors like technology, financials, healthcare, and is also a major player in fixed income and multi-asset portfolios.
Legg Mason – Major provider of asset management products and services
Legg Mason has been an important presence in Maryland’s investment scene since its founding in Baltimore in 1899. In 2021, Franklin Resources acquired the firm which now operates as part of Franklin Templeton. Together, the company manages over $1.5 trillion as one of the largest asset managers globally. Legg Mason brings capabilities across equities, fixed income, liquidity, alternatives and multi-asset solutions to clients which include pensions, endowments, and retail investors.
Brown Advisory – Independent, employee-owned firm focused on fundamental research
Operating as an independent, employee-owned investment firm based in Baltimore, Brown Advisory has grown its assets under management from the billions in the 1990s to over $150 billion. With a focus on research-driven fundamental investing, Brown Advisory offers equity strategies across market caps and geographies along with alternative investments and wealth management solutions. Founder in 1993, the firm serves institutional clients like endowments alongside high net worth individuals and families managing multi-generational wealth.
Maryland is home to investment management leaders managing trillions in client assets through quality research and investment strategies. Key players like T.Rowe Price, Legg Mason, and Brown Advisory operate primarily out of Baltimore as top asset and wealth managers serving institutions and individuals.