M.K. Brown Wealth Advisory provides portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.
M.K. Brown Wealth Advisory reports 152 clients. They include 110 individual clients and 42 high-net-worth individuals. Of its assets, 98.7% ($163M across 279 accounts) are managed with discretion; $2.08M across 3 accounts are not. A wrap fee program the firm both sponsors and manages holds $166M.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 72% | 29% |
| High-net-worth individuals | 28% | 71% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 110 | $47.3M | 28.6% | $430K |
| High-net-worth individuals | 42 | $118M | 71.4% | $2.81M |
| Total | 152 | $166M | 100% | $1.09M |
- Clients
- 110
- Regulatory AUM
- $47.3M
- AUM share
- 28.6%
- Avg. per client
- $430K
- Clients
- 42
- Regulatory AUM
- $118M
- AUM share
- 71.4%
- Avg. per client
- $2.81M
Total
- Clients
- 152
- Regulatory AUM
- $166M
- AUM share
- 100%
- Avg. per client
- $1.09M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
M.K. Brown Wealth Advisory is paid through a percentage of assets under management and other compensation. The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure.
Elizabeth Kussman owns 75% or more of M.K. Brown Wealth Advisory. The leadership team of M.K. Brown Wealth Advisory includes Chief Compliance Officer Elizabeth Kussman. It has 3 employees, 1 of them in advisory roles.
Leadership
- Elizabeth KussmanManaging Member/Chief Compliance Officer
Investment adviser representatives
1 representatives listed in the SEC register as of 9 October 2026.
Staff
- 3 employees
- 1 in advisory functions
- 1 state-registered rep
- 1 broker-dealer rep
- 1 insurance agent
- Owns 75% or more of M.K. Brown Wealth Advisory, LLC
Elizabeth Kussman
Control person · since July 2024
M.K. Brown Wealth Advisory’s regulatory assets grew from $132M (April 2021) to $166M (February 2026); clients rose from 142 to 152 and employees fell from 4 to 3.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| February 2026 | $166M | 152 | 3 | 1 |
| February 2025 | $164M | 157 | 3 | 1 |
| March 2024 | $149M | 155 | 4 | 1 |
| April 2023 | $128M | 154 | 4 | 1 |
| July 2022 | $160M | 164 | 4 | 1 |
| April 2021 | $132M | 142 | 4 | 1 |
Besides its headquarters, M.K. Brown Wealth Advisory has 0 offices, with 1 listed address in Ohio.
Ohio · 1 listed address
- 2331 Far Hills Ave., Suite 100, OakwoodHQ
Contact and registration details
- Legal name
- M.K. Brown Wealth Advisory, LLC
- Headquarters
- 2331 Far Hills Ave., Suite 100, Oakwood, OH 45419
- Website
- Not reported
- Phone
- 937-298-8904
- SEC file
- 801-121348
- Structure
- Ohio LLC
- Fiscal year end
- December
M.K. Brown Wealth Advisory uses Raymond James ($93M, 56%) and Raymond James ($72.5M, 44%) as custodians for its separately managed accounts. M.K. Brown Wealth Advisory has custody of $76.9M in client assets for 84 clients.
- Raymond JamesRaymond James & Associates, Inc. · St. Petersburg, FL · $72.5M44%
- Raymond JamesRaymond James Trust Company New Hampshire · St. Petersburg, FL · $93M56%
At year end, M.K. Brown Wealth Advisory’s separately managed accounts were mostly in funds (58%) and stocks (34%).
What the accounts hold
- Stocks34%
- Funds58%
- Cash5%
- Other3%
- Third party managed & annuities3%
How many clients does M.K. Brown Wealth Advisory have?
M.K. Brown Wealth Advisory has 152 clients and manages $166 million for them, as of February 2026. They include 110 individual clients and 42 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 February 2026
What services does M.K. Brown Wealth Advisory offer?
M.K. Brown Wealth Advisory provides portfolio management for individuals and small businesses, 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
Which custodians does M.K. Brown Wealth Advisory use?
M.K. Brown Wealth Advisory’s separately managed account assets are held at Raymond James Trust Company New Hampshire (St. Petersburg, FL), with $93M and Raymond James & Associates, Inc. (St. Petersburg, FL), with $72.5M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 26 February 2026
How many financial advisors does M.K. Brown Wealth Advisory have?
M.K. Brown Wealth Advisory has 1 investment adviser representative registered with state securities authorities, out of 3 employees, and 1 perform investment advisory functions. 1 employee is a registered representative of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does M.K. Brown Wealth Advisory invest in?
At the end of its last fiscal year, M.K. Brown Wealth Advisory’s separately managed accounts held 58% registered funds (mutual funds, ETFs, BDCs), 34% exchange-traded equities, 5% cash and equivalents and 3% other. The 3% other category is described as: Third Party Managed & Annuities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns M.K. Brown Wealth Advisory?
M.K. Brown Wealth Advisory’s direct owner is Elizabeth Kussman (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 26 February 2026
How does M.K. Brown Wealth Advisory get paid?
M.K. Brown Wealth Advisory is paid through a percentage of assets under management 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 M.K. Brown Wealth Advisory?
M.K. Brown Wealth Advisory’s main office is at 2331 Far Hills Ave., Suite 100, Oakwood, OH 45419. Its phone number is 937-298-8904.