# RAI Wealth

> RAI Wealth is an SEC-registered investment advisory firm in Naperville, IL, registered since 2023, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 11, 2026.

- CRD: 324695
- Filed as: RAI WEALTH
- Legal name: Brown Wealth Management, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Naperville, IL
- Filing period: October 2026
- Form ADV filing dated: March 11, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/324695
- AdvisorCensus page: https://advisorcensus.com/firm/rai-wealth-naperville-il-324695

## Quick answers

**How is RAI Wealth compensated?**
On its Form ADV (Item 5.E, October 2026), RAI Wealth reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); commissions.

**Where is RAI Wealth located?**
RAI Wealth's principal office is in Naperville, IL, according to its Form ADV.

**Is RAI Wealth registered with the SEC or a state?**
RAI Wealth is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 324695.

**How much does RAI Wealth manage?**
RAI Wealth reports $530,789,306 in regulatory assets under management in its Form ADV filing dated March 11, 2026 (89% discretionary).

**How have RAI Wealth's assets and staff changed since 2023?**
In the Form ADV data for RAI Wealth: Regulatory assets under management: $242,290,134 in the October 2023 data and $530,789,306 in the October 2026 data, up 119%. Total employees: 8 in October 2023 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does RAI Wealth serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (281); high net worth individuals (137); pension and profit sharing plans (but not the plan participants or government pension plans) (15).

**Which custodians does RAI Wealth use?**
RAI Wealth'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 RAI Wealth 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/324695

**Does RAI Wealth state an account minimum?**
Its Form ADV Part 2A brochure dated March 11, 2026 says: "RAI Wealth does not require a minimum account size for its separately managed clients."

**What changed in RAI Wealth's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $408,633,850 to $530,789,306 (+30%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Commissions

### Fees and minimums (Form ADV Part 2A brochure dated March 11, 2026)

- Account minimum: None

> RAI Wealth does not require a minimum account size for its separately managed clients.

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: $530,789,306
- Discretionary: $472,998,575
- Non-discretionary: $57,790,731

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 281 | $87,787,548 |
| High net worth individuals | 137 | $358,022,754 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 15 | $57,790,731 |
| Charitable organizations | 15 | $23,191,498 |
| Corporations or other businesses not listed above | 2 | $3,996,775 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services

### Firm details
- Registered since: 2023 (3 years)
- Employees: 12 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CO, FL, IL, IN, NH, TN, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- raiwealth.com
- Facebook @raiwealth
- LinkedIn @rai-wealth
- X @raiwealth
- YouTube @UCJgWDtVrgOke3pi8QGf11hg

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2023 | $242,290,134 | 8 | July 25, 2023 |
| October 2024 | $326,110,449 | 8 | March 14, 2024 |
| October 2025 | $408,633,850 | 8 | May 2, 2025 |
| October 2026 | $530,789,306 | 12 | March 11, 2026 |

Regulatory assets under management: $242,290,134 in the October 2023 data and $530,789,306 in the October 2026 data, up 119%.
Total employees: 8 in October 2023 and 12 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $408,633,850 to $530,789,306 (+30%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. RAI Wealth (CRD 324695): Form ADV filing data as of October 2026.