Brown Brothers Harriman represents a unique alternative in today's financial marketplace. As a private firm that does not participate in securities underwriting, Brown Brothers Harriman is insulated from many of the conflicts of interest prevalent in the asset management industry. We are an experienced fiduciary dedicated to building customized portfolios and providing a superior level of personalized service. Our success is predicated on our ability to partner with our clients in an effort to identify, implement and monitor a strategic approach designed to meet their objectives.

With a limited number of relationships, our investment professionals are free to work with each client independently, offering both in-house and open architecture financial solutions. Our clients also get to know members of the partnership of Brown Brothers Harriman, which ensures access to ownership and continuity to their relationship. Brown Brothers Harriman's Trust Companies offer experienced leadership in fiduciary, tax, and estate planning that is designed to protect family wealth and the welfare of future generations. Other services include:

• Strategic Asset Allocation
• Tax-Efficient Asset Management (across multiple classes)
• Risk Management of Concentrated Positions
• Private Banking
• Corporate Finance

BBH Strategic Advisors: Our Open Architecture Solution
Our wealth management approach incorporates the use of specialty investment managers in asset classes where excess return can be created through manager selection. An extension of a service we’ve provided for many years, Strategic Advisors offers clients access to best-in-class investment managers, including BBH, across a broad array of asset categories. Consolidated reporting and ongoing manager review are included. <more information>

BBH Investment Management
We conduct extensive analysis of asset class returns and risk, and regularly integrate this analysis with our outlook for the economy and financial markets. Our approach is predicated on a client’s individual income requirements, return goals and risk tolerance, not on predetermined formulas.

Our investment management philosophy emphasizes:

• After-Tax Investment Returns: Earned most consistently through active investment management and the strategic application of risk control
• Inefficiencies in the Pricing of Individual Securities: Discovered through fundamental, bottom-up research
• Risk-Aware and Risk-Constrained Portfolio Construction: Leads to better and more consistent risk-adjusted investment results over time

BBH Competitive Advantages
Unbiased Advice: BBH is not a dealer, underwriter or market-maker, so our interests are closely aligned with those of our clients.

Benefits of Private Ownership: Our flat organizational structure makes us highly responsive and focused on long term results rather than short term targets.

Investment Management Culture: Our culture allows our professionals to solve wealth management problems from a portfolio management perspective rather than a product or sales perspective.

Global Resources & Perspective: Our international presence gives us a global outlook and helps us better understand changes in the world economy.

Limited Number of Client Relationships: Our portfolio managers are assigned responsibility for an average of just 30 client relationships, a structure that maximizes the time and attention each client receives.

For more information, please contact:
John J. Lee
Brown Brothers Harriman & Co.
212.493.7708
john.lee@bbh.com