Brown Financial Advisors provides financial planning, portfolio management for individuals and small businesses, and selecting other managers.
Brown Financial Advisors reports 613 clients. They include 510 individual clients and 103 high-net-worth individuals. Of its assets, 99.6% ($322M across 1,563 accounts) are managed with discretion; $1.14M across 10 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 83% | 44% |
| High-net-worth individuals | 17% | 56% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 510 | $142M | 44.0% | $279K |
| High-net-worth individuals | 103 | $181M | 56.0% | $1.76M |
| Total | 613 | $323M | 100% | $527K |
- Clients
- 510
- Regulatory AUM
- $142M
- AUM share
- 44.0%
- Avg. per client
- $279K
- Clients
- 103
- Regulatory AUM
- $181M
- AUM share
- 56.0%
- Avg. per client
- $1.76M
Total
- Clients
- 613
- Regulatory AUM
- $323M
- AUM share
- 100%
- Avg. per client
- $527K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Brown Financial Advisors is paid through a percentage of assets under management, hourly charges, fixed fees (other than subscription fees) and other compensation. The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial planning and consulting
- Financial planning is offered at $200 an hour or a negotiable fixed fee with a maximum of $2,500; the balance is payable after 90 days.
Brown Intermediate, LLC owns 75% or more of Brown Financial Advisors and is in turn owned by Brown Holco 1, Inc. (25–50%), Brown Holco 2, Inc. (25–50%) and Meraki Partner Holdings, LLC (25–50%). It has 3 employees.
Leadership
- Gregory BrownCCO
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
- Myron James Borth II
- Alexander Edward Brown
- Gregory Allen Brown
Staff
- 3 employees
- 3 in advisory functions
- 3 state-registered reps
- 2 insurance agents
- Owns 75% or more of Brown Financial Advisors, LLC
Brown Intermediate, LLC
Control person · since April 2026
- Owns 25% to 50% of Brown Intermediate, LLC
Brown Holco 1, Inc.
Control person · since April 2026
- Owns 75% or more of Brown Holco 1, Inc.
Gregory Brown
Control person · since February 2026
- Owns 25% to 50% of Brown Intermediate, LLC
Brown Holco 2, Inc.
Control person · since April 2026
- Owns 25% to 50% of Brown Intermediate, LLC
Meraki Partner Holdings, LLC
Control person · since April 2026
- Owns 75% or more of Meraki Partner Holdings, LLC
Meraki Private Equity, LLC
Control person · since October 2025
- Owns 75% or more of Meraki Private Equity, LLC
Meraki Intermediate Holdings, LLC
Control person · since October 2025
- Owns 75% or more of Meraki Intermediate Holdings, LLC
Meraki Holdings, LLC
Control person · since October 2025
- Owns 75% or more of Meraki Holdings, LLC
The Lucius Family Trust
Control person · since October 2025
Tami Lucius
Trustee · Control person · since October 2025
Brown Financial Advisors’ regulatory assets grew 1.7× from $185M (May 2021) to $323M (April 2026); clients rose from 433 to 613 and employees fell from 4 to 3.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| April 2026 | $323M | 613 | 3 | 5 |
| April 2025 | $299M | 679 | 3 | 5 |
| March 2024 | $245M | 570 | 3 | 5 |
| May 2023 | $193M | 521 | 3 | 5 |
| April 2022 | $257M | 694 | 3 | 5 |
| May 2021 | $185M | 433 | 4 | 5 |
Besides its headquarters, Brown Financial Advisors has 4 offices, with 5 listed addresses in Kentucky and Ohio.
Ohio · 4 listed addresses
- 964 State Route 28, MilfordHQ
- 312 Walnut Street, Cincinnati
- 4555 Lake Forest Drive, Cincinnati
- 9078 Centre Pointe Drive, West Chester
Kentucky · 1 listed address
- 7310 Turfway Road, Florence
Contact and registration details
- Legal name
- Brown Financial Advisors, LLC
- Headquarters
- 964 State Route 28, Milford, OH 45150
- Website
- brownfinancialadvisors.com
- Phone
- 513-575-9654
- SEC file
- 801-119541
- Structure
- Ohio LLC
- Fiscal year end
- December
Brown Financial Advisors uses Charles Schwab ($323M) as custodian for its separately managed accounts. Brown Financial Advisors does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $323M100%
At year end, Brown Financial Advisors’ separately managed accounts were largely in stocks (46%) and funds (40%). Its reported 13F holdings for the quarter ended 30 June 2026 total $286M across 212 positions; the largest are SPDR Series Trust (6.5%), Doubleline ETF Trust (3.7%) and Nvidia Corporation (3.0%).
What the accounts hold
- Stocks46%
- Exchange-traded equities45%
- Non-exchange-traded equities1%
- Funds40%
- Registered funds39%
- Pooled vehicles1%
- Cash3%
- Other13%
- Structured notes13%
Reported 13F holdings
- $286M
- Reported 13F value
- 212
- Positions
- 27.6%
- In the 10 largest
- +8.5%
- Value vs. prior quarter
- SPDR Series Trust · ST Str P500etf6.5%
- Doubleline ETF Trust · Mortgage ETF3.7%
- Nvidia Corporation3.0%
- American Centy ETF TR · Intl EQT ETF2.3%
- Amazon Com Inc.2.2%
- Alphabet Inc. · Cap Stk CL C2.2%
- Bondbloxx ETF Trust · Bloomberg Ten YR2.1%
- Apple Inc.2.0%
- SPDR Index Shs Fds · ST Str PO EX ETF1.9%
- Columbia ETF TR I · Resh Enhnc Cor1.7%
Together, the ten largest are 27.6% of reported value.
How many clients does Brown Financial Advisors have?
Brown Financial Advisors has 613 clients and manages $323 million for them, as of April 2026. They include 510 individual clients and 103 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 29 April 2026
What services does Brown Financial Advisors offer?
Brown Financial Advisors provides financial planning, portfolio management for individuals and small businesses, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Brown Financial Advisors use?
Brown Financial Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $323M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 29 April 2026
How many financial advisors does Brown Financial Advisors have?
Brown Financial Advisors has 3 investment adviser representatives registered with state securities authorities, out of 3 employees, and 3 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Brown Financial Advisors invest in?
At the end of its last fiscal year, Brown Financial Advisors’ separately managed accounts held 45% exchange-traded equities, 39% registered funds (mutual funds, ETFs, BDCs), 13% other, 3% cash and equivalents, 1% non-exchange-traded equities and 1% pooled vehicles (private funds and similar). The 13% other category is described as: Structured Notes.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Brown Financial Advisors?
Brown Financial Advisors is owned through a chain of holding companies by Brown Holco 2, Inc. and Gregory Brown. Its direct owner is Brown Intermediate, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 29 April 2026
How does Brown Financial Advisors get paid?
Brown Financial Advisors is paid through a percentage of assets under management, hourly charges, fixed fees and other compensation. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Brown Financial Advisors?
Brown Financial Advisors’ main office is at 964 State Route 28, Milford, OH 45150. Its phone number is 513-575-9654. Its website is brownfinancialadvisors.com.