# Brown Financial Advisors, LLC

> Brown Financial Advisors, LLC is an SEC-registered investment advisory firm in Milford, OH, registered since 2020, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 29, 2026.

- CRD: 147056
- Filed as: BROWN FINANCIAL ADVISORS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Milford, OH
- Filing period: October 2026
- Form ADV filing dated: April 29, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/147056
- AdvisorCensus page: https://advisorcensus.com/firm/brown-financial-advisors-llc-milford-oh-147056

## Quick answers

**How is Brown Financial Advisors, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Brown Financial Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); other.

**Where is Brown Financial Advisors, LLC located?**
Brown Financial Advisors, LLC's principal office is in Milford, OH, according to its Form ADV; the May 2026 filing also lists 3 other offices (Schedule D, Section 1.F).

**Is Brown Financial Advisors, LLC registered with the SEC or a state?**
Brown Financial Advisors, LLC is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 147056.

**How much does Brown Financial Advisors, LLC manage?**
Brown Financial Advisors, LLC reports $323,336,194 in regulatory assets under management in its Form ADV filing dated April 29, 2026 (100% discretionary).

**How have Brown Financial Advisors, LLC's assets and staff changed since 2021?**
In the Form ADV data for Brown Financial Advisors, LLC: Regulatory assets under management: $185,234,094 in the October 2021 data and $323,336,194 in the October 2026 data, up 75%. Total employees: 3 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Brown Financial Advisors, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (510); high net worth individuals (103).

**Which custodians does Brown Financial Advisors, LLC use?**
Brown Financial Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Brown Financial Advisors, LLC 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/147056

**Does Brown Financial Advisors, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated April 29, 2026 says: "BFA does not require a minimum to open an account."

**What changed in Brown Financial Advisors, LLC's recent Form ADV filings?**
In the May 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
- Hourly charges
- Fixed fees (other than subscription fees)
- Other

### Fees and minimums (Form ADV Part 2A brochure dated April 29, 2026)

- Account minimum: None

> BFA does not require a minimum to open an account.

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $323,336,194
- Discretionary: $322,193,876
- Non-discretionary: $1,142,318

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 510 | $142,291,031 |
| High net worth individuals | 103 | $181,045,163 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2020 (6 years)
- Employees: 3 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, IN, KY, OH, OK, SC
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the May 2026 filing
- Cincinnati, OH
- Florence, KY
- West Chester, OH

### Websites listed on Form ADV (Item 1.I)
- brownfinancialadvisors.com
- soundmoneyevents.com
- soundmoneyinfo.com
- soundmoneyseminars.com
- thefinancialhq.com/BROWNCOMRA
- Facebook @BROWN-FINANCIAL-ADVISORS-LLC-454551454655743
- LinkedIn @GREGORY-A-BROWN-14685114
- X @BROWN_FINANCIAL

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $185,234,094 | 3 | August 18, 2021 |
| October 2022 | $257,041,917 | 3 | April 1, 2022 |
| October 2023 | $192,584,904 | 3 | May 2, 2023 |
| October 2024 | $244,889,450 | 3 | March 1, 2024 |
| October 2025 | $298,778,630 | 3 | April 2, 2025 |
| October 2026 | $323,336,194 | 3 | April 29, 2026 |

Regulatory assets under management: $185,234,094 in the October 2021 data and $323,336,194 in the October 2026 data, up 75%.
Total employees: 3 in October 2021 and 3 in October 2026.

## Changes in the filing (last 12 months)

### May 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. Brown Financial Advisors, LLC (CRD 147056): Form ADV filing data as of October 2026.