Lowe, Brockenbrough & Company provides financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, and selecting other managers. The firm advises 58 private funds.
Lowe, Brockenbrough & Company reports 568 clients. They include 364 high-net-worth individuals, 118 individual clients and 41 charitable organizations. Of its assets, 88.0% ($4.83B across 566 accounts) are managed with discretion; $657M across 2 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 21% | <1% |
| High-net-worth individuals | 64% | 42% |
| Investment companies | <1% | 1% |
| Pooled investment vehicles | 4% | 27% |
| Pension and profit-sharing plans | <1% | <1% |
| Other client typesCharitable organizations; State or municipal government entities; Corporations and other businesses | 11% | 29% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 118 | $33.9M | 0.6% | $288K |
| High-net-worth individuals | 364 | $2.29B | 41.7% | $6.29M |
| Investment companies | 1 | $65.8M | 1.2% | $65.8M |
| Pooled investment vehicles | 20 | $1.48B | 27.0% | $74.2M |
| Pension and profit-sharing plans | Fewer than 5 | $17.7M | 0.3% | $5.91M |
| Charitable organizations | 41 | $834M | 15.2% | $20.3M |
| State or municipal government entities | Fewer than 5 | $554M | 10.1% | $554M |
| Corporations and other businesses | 20 | $209M | 3.8% | $10.5M |
| Total | 568 | $5.49B | 100% | — |
- Clients
- 118
- Regulatory AUM
- $33.9M
- AUM share
- 0.6%
- Avg. per client
- $288K
- Clients
- 364
- Regulatory AUM
- $2.29B
- AUM share
- 41.7%
- Avg. per client
- $6.29M
- Clients
- 1
- Regulatory AUM
- $65.8M
- AUM share
- 1.2%
- Avg. per client
- $65.8M
- Clients
- 20
- Regulatory AUM
- $1.48B
- AUM share
- 27.0%
- Avg. per client
- $74.2M
- Clients
- Fewer than 5
- Regulatory AUM
- $17.7M
- AUM share
- 0.3%
- Avg. per client
- $5.91M
- Clients
- 41
- Regulatory AUM
- $834M
- AUM share
- 15.2%
- Avg. per client
- $20.3M
- Clients
- Fewer than 5
- Regulatory AUM
- $554M
- AUM share
- 10.1%
- Avg. per client
- $554M
- Clients
- 20
- Regulatory AUM
- $209M
- AUM share
- 3.8%
- Avg. per client
- $10.5M
Total
- Clients
- 568
- Regulatory AUM
- $5.49B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 58
- Financial planning clients last fiscal year
- 0
Lowe, Brockenbrough & Company charges 0.20%–0.90% for its Private Wealth and Institutional Management. The brochure does not state whether the rate is annual. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
| Asset band | Rate (period not stated) |
|---|---|
| $0–$3M | 0.90% |
| $3M–$10M | 0.75% |
| $10M–$25M | 0.50% |
| $25M–$50M | 0.40% |
| $50M–$75M | 0.30% |
| $75M and above | 0.20% |
Fee details and sources
2019 Dynasty Trust owns 25% to 50% of Lowe, Brockenbrough & Company. The leadership team of Lowe, Brockenbrough & Company includes President Austin Brockenbrough IV and Chief Compliance Officer David Lyons. It has 31 employees, 15 of them in advisory roles.
Leadership
Austin Brockenbrough IVManaging Director; President; Executive Committee
David LyonsChief Compliance Officer (01/2021); Managing Director; Treasurer (09/2000) ; Executive Committee
Austin Brockenbrough IIIManaging Director & Chairman of the Board
Charles CaravatiManaging Director & Secretary; Executive Committee
Christopher DionManaging Director; Executive Committee
Walter RobertsonManaging Director; Executive Committee
Matthew ShaiaManaging Director; Executive Committee
Investment adviser representatives
15 representatives listed in the SEC register as of 9 October 2026.
- John Ros Bowers JR
- Robert Rennolds Burke
- William Robertson Claiborne
- Christopher Bryan Culbertson
- Joseph Ashby Jennings III
- Martin Kirwan King II
- Samantha Bissland-Moore Link
- Richard Haller Skeppstrom II
Staff
- 31 employees
- 15 in advisory functions
- 15 state-registered reps
- 1 soliciting firm
- Owns 25% to 50% of Lowe, Brockenbrough & Company, Inc.
2019 Dynasty Trust
Control person · since January 2019
- Owns 10% to 25% of Lowe, Brockenbrough & Company, Inc.
2005 Trust
Control person · since January 2005
- Owns 5% to 10% of Lowe, Brockenbrough & Company, Inc.
Charles Caravati
Control person · since December 1998
- Owns 5% to 10% of Lowe, Brockenbrough & Company, Inc.
David Lyons
Control person · since September 2000
- Owns 5% to 10% of Lowe, Brockenbrough & Company, Inc.
Austin Brockenbrough IV
Control person · since December 2005
Lowe, Brockenbrough & Company’s regulatory assets grew from $3.92B (April 2021) to $5.49B (May 2026); clients fell from 655 to 568 and employees rose from 26 to 31.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| May 2026 | $5.49B | 568 | 31 | 1 |
| June 2025 | $5.44B | 551 | 32 | 1 |
| July 2024 | $4.82B | 540 | 31 | 1 |
| March 2023 | $4.24B | 528 | 30 | 1 |
| March 2022 | $4.89B | 677 | 29 | 1 |
| April 2021 | $3.92B | 655 | 26 | 1 |
Besides its headquarters, Lowe, Brockenbrough & Company has 0 offices, with 1 listed address in Virginia.
Virginia · 1 listed address
- 920 Libbie Ave., Suite 201, RichmondHQ
Contact and registration details
- Legal name
- Lowe, Brockenbrough & Company, Inc.
- Headquarters
- 920 Libbie Ave., Suite 201, Richmond, VA 23226-2050
- Website
- brockenbroughinc.com
- Phone
- 804-288-0404
- @brockenbrough
- SEC file
- 801-6691
- Structure
- Virginia corporation
- Fiscal year end
- December
Lowe, Brockenbrough & Company uses Charles Schwab ($2.39B) as custodian for its separately managed accounts. Lowe, Brockenbrough & Company has custody of $1.86B in client assets for 146 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $2.39B100%
At year end, Lowe, Brockenbrough & Company’s separately managed accounts were mostly in funds (70%) and stocks (22%). Its reported 13F holdings for the quarter ended 30 June 2026 total $2.25B across 341 positions; the largest are iShares TR (8.5%), iShares TR (3.8%) and Apple Inc. (3.5%).
What the accounts hold
- Stocks22%
- Funds70%
- Pooled vehicles44%
- Registered funds26%
- Bonds3%
- State and local bonds2%
- U.S. government and agency bonds1%
- Cash5%
Reported 13F holdings
- $2.25B
- Reported 13F value
- 341
- Positions
- 34.9%
- In the 10 largest
- +12.0%
- Value vs. prior quarter
- iShares TR · Core S&P500 ETF8.5%
- iShares TR · MSCI Acwi ETF3.8%
- Apple Inc.3.5%
- iShares TR · Core MSCI Total3.2%
- Vanguard Tax-managed Fds · Van FTSE Dev Mkt3.0%
- iShares TR · Core US Aggbd ET3.0%
- Schwab Strategic TR · US Lcap GR ETF2.6%
- Microsoft Corp.2.6%
- Alphabet Inc. · Cap Stk CL C2.4%
- iShares TR · Core S&P Mcp ETF2.3%
Together, the ten largest are 34.9% of reported value.
How many clients does Lowe, Brockenbrough & Company have?
Lowe, Brockenbrough & Company has 568 clients and manages $5.49 billion for them, as of May 2026. They include 364 high-net-worth individuals, 118 individual clients and 41 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 13 May 2026
What services does Lowe, Brockenbrough & Company offer?
Lowe, Brockenbrough & Company provides financial planning, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Lowe, Brockenbrough & Company charge?
Lowe, Brockenbrough & Company charges 0.20%–0.90% for its Private Wealth and Institutional Management. The brochure does not state whether the rate is annual. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
Source: BROCKENBROUGH ADV PART 2A FINAL, filed 27 March 2026
Which custodians does Lowe, Brockenbrough & Company use?
Lowe, Brockenbrough & Company’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $2.39B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 13 May 2026
How many financial advisors does Lowe, Brockenbrough & Company have?
Lowe, Brockenbrough & Company has 15 investment adviser representatives registered with state securities authorities, out of 31 employees, and 15 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 Lowe, Brockenbrough & Company invest in?
At the end of its last fiscal year, Lowe, Brockenbrough & Company’s separately managed accounts held 44% pooled vehicles (private funds and similar), 26% registered funds (mutual funds, ETFs, BDCs), 22% exchange-traded equities, 5% cash and equivalents, 2% state and local bonds and 1% U.S. government and agency bonds. It advises 58 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Lowe, Brockenbrough & Company?
Lowe, Brockenbrough & Company’s direct owners are Charles Caravati, David Lyons, Austin Brockenbrough IV, 2019 Dynasty Trust and 2005 Trust, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 13 May 2026
How does Lowe, Brockenbrough & Company get paid?
Lowe, Brockenbrough & Company is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Lowe, Brockenbrough & Company registered with the SEC?
Yes, Lowe, Brockenbrough & Company has been registered with the SEC as an investment adviser since 1 July 1970. Its CRD number is 105142 and its SEC file number is 801-6691.
Source: Form ADV Part 1A, Item 1, filed 13 May 2026; IAPD firm record
How do I contact Lowe, Brockenbrough & Company?
Lowe, Brockenbrough & Company’s main office is at 920 Libbie Ave., Suite 201, Richmond, VA 23226-2050. Its phone number is 804-288-0404. Its website is brockenbroughinc.com.