Broker-dealer firm · Providence, RI
Brown, Lisle/cummings, Inc
Brown, Lisle/cummings, Inc. · SEC-registered investment adviser · CRD 1331 · SEC 801-121156
At a glance
Brown, Lisle/cummings, Inc is an SEC-registered investment adviser based in Providence, Rhode Island, with $487 million in regulatory assets under management as of its Form ADV filed June 26, 2026. Its largest client group by assets is high-net-worth individuals, and it reports 226 individual clients. By Form ADV it is a broker-dealer firm, ranked 213th of 391 broker-dealer firms and 7,937th of 17,210 SEC-registered advisers by assets.
Main office 401-421-8900brownlislecummings.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $487M
- Rank among broker-dealer firms
- #213 of 391
- Rank among all SEC RIAs
- #7,937 of 17,210
- Rank in Rhode Island
- #22 of 49
- Individual clients
- 226
- High-net-worth clients
- 107
- Accounts
- 490
- Discretionary
- 99% of AUM
- Employees
- 13
- Advisory staff
- 8
- Offices
- 1
Owners and executives on its Form ADV
- David Anthony IzziPresident; Secretary; Treasurer; Chief Compliance Officer
- John Arthur MarginsonVice President
- Louis George Jr MurphyVice President
- Scott Sawyer LisleVice President
- Joseph Hugh Jr McGinnVice President
- Clifford Burrell Jr TracyVice President
Custody and brokerage
Broker-dealer
Hybrid RIA
Brown, Lisle/cummings, Inc is a hybrid RIA: 8 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 |
|---|---|---|---|
| High-net-worth individuals | 107 | $421M | 86% |
| Individuals | 119 | $56M | 11% |
| Corporations or other businesses | 12 | $10M | 2% |
Disciplinary disclosures
Brown, Lisle/cummings, Inc answers yes to 4 disclosure items 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
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗brownlislecummings.com ↗
AtlasMembers
The full record on Brown, Lisle/cummings, Inc
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, 4 years of filings
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- Growth over one, three and five years
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- Rank against 150 peers of its type and size
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- Owners and executives, with titles and stakes
- 6 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Brown, Lisle/cummings, Inc manage?
Brown, Lisle/cummings, Inc reports $487 million in regulatory assets under management across 490 accounts, 99% of it on a discretionary basis, on its Form ADV filed June 26, 2026.
What kind of firm is Brown, Lisle/cummings, Inc?
Brown, Lisle/cummings, Inc is a broker-dealer firm by its Form ADV answers. The firm is itself registered as a broker-dealer as well as an investment adviser.
Who are Brown, Lisle/cummings, Inc’s clients?
By assets, its largest client types are high-net-worth individuals ($421 million, 107 clients); individuals ($56 million, 119 clients); corporations or other businesses ($10 million, 12 clients).
Does Brown, Lisle/cummings, Inc have any disciplinary history?
Brown, Lisle/cummings, Inc answers yes to 4 disclosure items 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, Lisle/cummings, Inc’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 (2026-06-26), 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 →