Wealth manager, independent · Chicago, IL
Brownson, Rehmus & Foxworth, Inc.
SEC-registered investment adviser · CRD 110608 · SEC 801-79878
At a glance
Brownson, Rehmus & Foxworth, Inc. is an SEC-registered investment adviser based in Chicago, Illinois, with $4.8B in regulatory assets under management as of its Form ADV filed March 23, 2026. It reports 263 individual clients, 263 of them high-net-worth, holding an average of about $17 million each, and 26 employees. That ranks it 235th among the nation’s 5,657 independent wealth management RIAs and 18th of 226 in Illinois. It reports Charles Schwab as the custodian for its clients’ separately managed accounts.
Main office 312-346-5850brfadvisors.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $4.8B
- Rank among independent wealth managers
- #235 of 5,657
- Rank among all SEC RIAs
- #2,164 of 17,210
- Rank in Illinois
- #18 of 226
- Individual clients
- 263
- High-net-worth clients
- 263
- Accounts
- 3,489
- Discretionary
- 0% of AUM
- Employees
- 26
- Advisory staff
- 16
- Offices
- 3
Owners and executives on its Form ADV
- John M. LaffertyPrincipal, Director, Chief Compliance Officer
- Keith M. CardozaChief Investment Officer
- Susan M. ShacklettePrincipal, Director, President
- Harold N. LeavellPrincipal, Director, Treasurer, Secretary
Custody and brokerage
Broker-dealer
No broker-dealer ties
Brownson, Rehmus & Foxworth, Inc. reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 263 | $4.5B | 94% |
| Charitable organizations | – | $222M | 5% |
| Corporations or other businesses | – | $74M | 2% |
| Individuals | – | $2M | <1% |
Disciplinary disclosures
Brownson, Rehmus & Foxworth, Inc. reports no disciplinary disclosures in Item 11 of Form ADV. 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
- Selecting other advisers
How it’s paid
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗brfadvisors.com ↗
AtlasMembers
The full record on Brownson, Rehmus & Foxworth, 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, ten years of filings
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- Rank against 845 peers of its type and size
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- 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.
Similar-size RIAs in Illinois
All of Illinois →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Calamos Wealth Management LLCNaperville | $5.5B | 4,072 |
| David Vaughan Investments, LLCPeoria | $5.3B | 1,164 |
| Chicago Capital, LLCChicago | $4.8B | 818 |
| Chesley, Taft & Associates, LLCChicago | $3.0B | 617 |
| Capstone Financial Advisors IncDowners Grove | $2.9B | 1,068 |
| IPI Wealth Management, Inc.Decatur | $2.7B | 13,138 |
Background
Questions
How much does Brownson, Rehmus & Foxworth, Inc. manage?
Brownson, Rehmus & Foxworth, Inc. reports $4.8B in regulatory assets under management across 3,489 accounts, 0% of it on a discretionary basis, on its Form ADV filed March 23, 2026.
How many clients does Brownson, Rehmus & Foxworth, Inc. have?
It reports 263 individual clients: 263 high-net-worth individuals and 0 other individuals. Individuals account for about 94% of its regulatory assets.
Where is Brownson, Rehmus & Foxworth, Inc. headquartered?
Its main office is in Chicago, Illinois. It reports 3 offices in total and 26 employees, 16 of whom perform investment advisory functions.
How does Brownson, Rehmus & Foxworth, Inc. charge clients?
On Form ADV it lists these forms of compensation: hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Brownson, Rehmus & Foxworth, Inc. use?
It reports Charles Schwab as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed March 23, 2026, it reports these amounts held: Charles Schwab ($3.4B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Brownson, Rehmus & Foxworth, Inc. a hybrid RIA with a broker-dealer?
Brownson, Rehmus & Foxworth, Inc. reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is Brownson, Rehmus & Foxworth, Inc. a fiduciary?
As an SEC-registered investment adviser, Brownson, Rehmus & Foxworth, Inc. owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is Brownson, Rehmus & Foxworth, 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 (2026-03-23), 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). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. 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 →