{"url":"https://nivawealth.com/firms/m-k-brown-wealth-advisory-121269","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/121269","regulatoryAum":165540986,"crd":"121269","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"5012642","suffix":null,"lastName":"KUSSMAN","firstName":"ELIZABETH","middleName":"BROWN"}],"total":1,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-04-30","regulatoryAum":132000000,"clients":142,"employees":4,"offices":1},{"filedOn":"2022-07-20","regulatoryAum":160000000,"clients":164,"employees":4,"offices":1},{"filedOn":"2023-04-26","regulatoryAum":128146285,"clients":154,"employees":4,"offices":1},{"filedOn":"2024-03-13","regulatoryAum":149000000,"clients":155,"employees":4,"offices":1},{"filedOn":"2025-02-27","regulatoryAum":164000000,"clients":157,"employees":3,"offices":1},{"filedOn":"2026-02-26","regulatoryAum":165540986,"clients":152,"employees":3,"offices":1}],"secFileNumber":"801-121348","legalName":"M.K. Brown Wealth Advisory, LLC","displayName":"M.K. 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BROWN WEALTH ADVISORY BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1012253","versionId":1012253,"submittedOn":"2026-02-26"}]},"custodians":[{"name":"Raymond James & Associates, Inc.","shortName":"Raymond James","location":"St. Petersburg, FL","smaAssets":72493671},{"name":"Raymond James Trust Company New Hampshire","shortName":"Raymond James","location":"St. Petersburg, FL","smaAssets":93047315}],"custodyNote":"M.K. Brown Wealth Advisory has custody of $76.9M in client assets for 84 clients.","otherCustodians":[],"leadership":[{"name":"Elizabeth Kussman","title":"Managing Member/Chief Compliance Officer","crd":"5012642"}],"ownership":[{"label":"Elizabeth Kussman","detail":"Managing member/chief compliance officer in the 75% or more ownership band and a control person, since July 2024."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Ohio","offices":1,"addresses":[{"street":"2331 Far Hills Ave., Suite 100","city":"Oakwood","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"937-298-8904","stateRegisteredReps":1,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Other"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Selection of other advisers (including private fund managers)"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":34},{"label":"Securities issued by registered investment companies or business development companies","percent":58},{"label":"Cash and cash equivalents","percent":5},{"label":"Other","percent":3,"detail":"Third Party Managed & Annuities"}],"privateFunds":0},"sources":{"adv1FilingDate":"26 February 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/121269/PDF/121269.pdf","brochureDate":"26 February 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1012253","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does M.K. Brown Wealth Advisory have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does M.K. Brown Wealth Advisory offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does M.K. Brown Wealth Advisory use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does M.K. Brown Wealth Advisory have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does M.K. Brown Wealth Advisory invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns M.K. Brown Wealth Advisory?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does M.K. Brown Wealth Advisory get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact M.K. Brown Wealth Advisory?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 26 February 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}