Asset manager · Baltimore, MD
Brown Capital Management, LLC
SEC-registered investment adviser · CRD 105633 · SEC 801-19287
At a glance
Brown Capital Management, LLC is an SEC-registered investment adviser based in Baltimore, Maryland, with $4.5 billion in regulatory assets under management as of its Form ADV filed July 13, 2026. Its largest client group by assets is investment companies, and it reports 1 individual clients. By Form ADV it is a asset manager, ranked 727th of 3,218 asset managers and 2,242nd of 17,210 SEC-registered advisers by assets.
Main office 410-837-3234browncapital.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $4.5B
- Rank among asset managers
- #727 of 3,218
- Rank among all SEC RIAs
- #2,242 of 17,210
- Rank in Maryland
- #31 of 227
- Individual clients
- 1
- High-net-worth clients
- 1
- Accounts
- 33
- Discretionary
- 100% of AUM
- Employees
- 37
- Advisory staff
- 13
- Offices
- 1
Owners and executives on its Form ADV
- Eddie C. BrownFounder, Executive Chairman, & Senior Portfolio Manager
- Keith A. LeeCEO & Senior Portfolio Manager
- Jennifer B. BunkleyDirector
- Michael L. ForsterCOO, CFO
- Michael J KlagDirector
- Tsedal NeeleyDirector
- Robert L YoungPresident and Head of Marketing and Sales/client Service
- Damien L. DavisCIO and Senior Portfolio Manager
- Lisa A. GarrisonChief Compliance Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Brown Capital Management, LLC is a hybrid RIA: 2 of its employees are also registered representatives of a broker-dealer.
Form ADV Part 1 doesn’t name an unaffiliated broker-dealer. The firm’s Part 2A brochure (Item 10) and each adviser’s record on the SEC’s adviser search do.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Investment companies | 3 | $2.5B | 55% |
| State or municipal government entities | 11 | $1.2B | 26% |
| Charitable organizations | 10 | $402M | 9% |
| Corporations or other businesses | 5 | $356M | 8% |
| Pension and profit sharing plans | 2 | $64M | 1% |
| Insurance companies | 1 | $50M | 1% |
| High-net-worth individuals | 1 | $2M | <1% |
Disciplinary disclosures
Brown Capital Management, LLC answers yes to 1 disclosure item in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
- Portfolio management for investment companies
- Portfolio management for businesses and institutions
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗browncapital.com ↗
AtlasMembers
The full record on Brown Capital Management, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
- Locked
- Growth over one, three and five years
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- Rank against 716 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 9 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 4Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Brown Capital Management, LLC manage?
Brown Capital Management, LLC reports $4.5 billion in regulatory assets under management across 33 accounts, 100% of it on a discretionary basis, on its Form ADV filed July 13, 2026.
What kind of firm is Brown Capital Management, LLC?
Brown Capital Management, LLC is a asset manager by its Form ADV answers. Most of its assets are managed for funds, institutions or other businesses rather than individuals.
Who are Brown Capital Management, LLC’s clients?
By assets, its largest client types are investment companies ($2.5 billion, 3 clients); state or municipal government entities ($1.2 billion, 11 clients); charitable organizations ($402 million, 10 clients).
Does Brown Capital Management, LLC have any disciplinary history?
Brown Capital Management, LLC answers yes to 1 disclosure item in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Brown Capital Management, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-07-13), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →