**EXHIBIT      31.1**

| 1. | I              have reviewed this annual report on Form 10-KSB/A of Highbury              Financial Inc. (the “Registrant”); |
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| 2. | Based              on my knowledge, this report does not contain any untrue              statement of a material fact or omit to state a material fact necessary              to              make the statements made, in light of the circumstances under which              such              statements were made, not misleading with respect to the period covered              by              this report; |
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| 3. | Based              on my knowledge, the financial statements, and other              financial information included in this report, fairly present in all              material respects the financial condition, results of operations and              cash              flows of the Registrant as of, and for, the periods presented in this              report; |
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| 4. | The              Registrant’s other certifying officer(s) and I are responsible              for establishing and maintaining disclosure controls and procedures              (as              defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the Registrant              and have: |
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|   | (a) | Designed              such disclosure controls and procedures, or caused such              disclosure controls and procedures to be designed under our supervision,              to ensure that material information relating to the Registrant, including              its consolidated subsidiaries, is made known to us by others within              those              entities, particularly during the period in which this report is being              prepared; |
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|   | (b) | Evaluated              the effectiveness of the Registrant’s disclosure controls              and procedures and presented in this report our conclusions about the              effectiveness of the disclosure controls and procedures, as of the              end of              the period covered by this report based on such evaluation; and |
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|   | (c) | Disclosed              in this report any change in the Registrant’s internal              control over financial reporting that occurred during the Registrant’s              most recent fiscal quarter (the Registrant’s fourth fiscal quarter in the              case of an annual report) that has materially affected, or is reasonably              likely to materially affect, the Registrant’s internal control over              financial reporting. |
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| 5. | The              Registrant’s other certifying officer(s) and I have disclosed,              based on our most recent evaluation of internal control over financial              reporting, to the Registrant’s auditors and the audit committee of the              Registrant’s board of directors (or person performing the equivalent              functions): |
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|   | (a) | All              significant deficiencies and material weaknesses in the design              or operation of internal control over financial reporting which are              reasonably likely to adversely affect the Registrant’s ability to record,              process, summarize and report financial information; and |
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|   | (b) | Any              fraud, whether or not material, that involves management or              other employees who have a significant role in the Registrant’s internal              control over financial reporting. |
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| By:    |   | /s/                Richard                S. Foote                      |
|   |   | **Richard                S. Foote**                                     |
|   |   | **President                and Chief Executive                Officer** |