Brown Capital Management, LLC
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Overview
Brown Capital Management, LLC operates as a financial advisor firm that has its headquarters in Baltimore, Maryland. The company handles $10.6 billion in assets over 132 client accounts, making it one of the biggest financial advisory firms in the nation by assets under management (AUM). The firm has a small group, including 17 financial advisors. Brown Capital Management, LLC is not a registered broker-dealer, signifying that the firm cannot buy and sell securities for its clients' and own accounts and instead has to go through a broker-dealer company to do so. Securities are defined as exchangable financial assets like options, bonds and equities.
Brown Capital Management, LLC manages all of its accounts on a discretionary basis. Discretionary management means that an investment advisor makes buy and sell decisions without requiring the customer's consent. The firm's typical account size is $80.4 million. An average financial advisor at Brown Capital Management, LLC manages about eight client accounts, making it one of the more personalized firms in the country.
Brown Capital Management, LLC's main office is located at 1201 N Calvert St, Baltimore, Maryland 21202-3908. The firm is legally allowed to provide services to customers across 6 states, including District of Columbia, Illinois, Louisiana, Maryland, New York and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Brown Capital Management, LLC by the Numbers
$10.6 billion
38
132
$80.4 million
Fee Structure
Financial management fees are based on the type of services provided. Fee types charged by the company can be comprised of some combination of the following fee types: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
-
Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The firm works with a number of different customers. The firm caters to retail investors, high net worth investors, investment companies, pension plans, charitable organizations, state or municipal government entities, sovereign wealth funds and corporations. Out of its 132 customers, Brown Capital Management, LLC's largest client group by number of accounts is high net worth investors, although it also caters to 36 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 under management or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of its clients reside abroad.
- High-Net-Worth Individuals* - 27.27%
- Other Individuals - 16.67%
- Corporations - 38.64%
- Charitable Organizations - 17.42%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Brown Capital Management, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Brown Capital Management, LLC
Baltimore, MD
Baltimore, MD
Baltimore, MD
Baltimore, MD
Baltimore, MD
Baltimore, MD
Baltimore, MD
Baltimore, MD
Baltimore, MD
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