# Brandywine Asset Management

> Brandywine Asset Management is an SEC-registered investment advisory firm in Thornton, PA, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated June 15, 2026.

- CRD: 307564
- Filed as: BRANDYWINE ASSET MANAGEMENT
- Legal name: Brandywine Asset Management, Inc
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Thornton, PA
- Filing period: October 2026
- Form ADV filing dated: June 15, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/307564
- AdvisorCensus page: https://advisorcensus.com/firm/brandywine-asset-management-thornton-pa-307564

## Quick answers

**How is Brandywine Asset Management compensated?**
On its Form ADV (Item 5.E, October 2026), Brandywine Asset Management reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**How much does Brandywine Asset Management charge?**
Its Form ADV Part 2A brochure dated June 8, 2026 states: Asset-based fee: 0.34% to 0.64% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Brandywine Asset Management located?**
Brandywine Asset Management's principal office is in Thornton, PA, according to its Form ADV; the February 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Brandywine Asset Management registered with the SEC or a state?**
Brandywine Asset Management is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 307564.

**How much does Brandywine Asset Management manage?**
Brandywine Asset Management reports $156,000,000 in regulatory assets under management in its Form ADV filing dated June 15, 2026 (100% discretionary).

**How have Brandywine Asset Management's assets and staff changed since 2021?**
In the Form ADV data for Brandywine Asset Management: Regulatory assets under management: $3,000,000 in the October 2021 data and $156,000,000 in the October 2026 data, up 5100%. Total employees: 2 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Brandywine Asset Management serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2).

**Does Brandywine Asset Management report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/307564

**What changed in Brandywine Asset Management's recent Form ADV filings?**
In the July 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated June 8, 2026)

- Asset-based fee: 0.34% to 0.64% a year (a range, as the brochure states it)

> The Brandywine Collective Investment Trust charges a management fee ranging from 0.34% to 0.64% (annualized) depending on the underlying fund.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $156,000,000
- Discretionary: $156,000,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $156,000,000 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2021 (5 years)
- Employees: 5 total, 1 performing advisory functions
- Wrap fee program participation: No
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the February 2026 filing
- Thornton, PA

### Websites listed on Form ADV (Item 1.I)
- brandywine.com
- LinkedIn @brandywine-asset-management

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $3,000,000 | 2 | July 15, 2021 |
| October 2022 | $120,000,000 | 2 | March 15, 2022 |
| October 2023 | $115,000,000 | 2 | March 6, 2023 |
| October 2024 | $140,000,000 | 2 | July 1, 2024 |
| October 2025 | $225,000,000 | 4 | March 31, 2025 |
| October 2026 | $156,000,000 | 5 | June 15, 2026 |

Regulatory assets under management: $3,000,000 in the October 2021 data and $156,000,000 in the October 2026 data, up 5100%.
Total employees: 2 in October 2021 and 5 in October 2026.

## Changes in the filing (last 12 months)

### July 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Regulatory assets under management went from $225,000,000 to $150,000,000 (-33%).
- No longer lists an office in Thornton, PA.

### February 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Brandywine Asset Management (CRD 307564): Form ADV filing data as of October 2026.