Brown Capital Management, LLC (Baltimore)

Name: Brown Capital Management, LLC
Address: 1201 N Calvert St, Baltimore, MD, 21202 3908
Telephone: 410-837-3234

Brown Capital Management, LLC is a large advisory firm based in Baltimore. It manages $10.99 billion of regulatory assets for 124 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Illinois, Louisiana, Maryland, and Texas.

Brown Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Brown Capital Management: assets under management

The assets under management (AUM) of Brown Capital Management, LLC is $10.99 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 216% since the beginning of its operation, and $857.18 million of the total AUM is attributable to clients outside of the United States.

The firm manages $10.99 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $88.62 million each.

Investments

The firm invests in exchange traded securities the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Brown Capital Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Jennifer Brown Bunkley serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Jennifer Brown Bunkley is investment companies with 5 clients and $5.38 billion of assets under management. Among the 9 most similar advisory firms, Brown Capital Management has the 3rd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $10.99 billion for 71 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Brown Capital Management doesn't advise any private funds.

Careers at Brown Capital Management, LLC

The company employs 36 people that are either part- or full-time employees. 39 percent of the employees work as investment advisers or researchers. 13 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Jennifer Brown Bunkley has been acting as President since 1 Jun 2011. Robert E Burks joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Donna L. Courtney	Chief compliance officer	1 May 2003	Other	4935051
Cecil Eugene Flamer	Chief administrative officer	1 Jul 2004	Other	4834750
Inc Brown Capital Management	Managing member	1 Dec 2010	75% - 100%	27-4453287
Jennifer Brown Bunkley	Director	1 Jun 2011	Other	5950986
Eddie Carl Brown	Chairman & ceo	1 Jan 2012	25% - 50%	4320565
Keith Allison Lee	President and coo	1 Jan 2012	25% - 50%	4320566
Bettina Elizabeth Doulton	Director	1 Dec 2014	Other	6465258
Charles Franklin Henderson	Director	1 Dec 2014	Other	4340955
Inc. Brown Capital Management Holdings	Member	1 Oct 2016	75% - 100%	811880665
Robert E Burks	Chief compliance officer	1 Feb 2019	Other	4900529

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Eddie C. Brown 2010 Grantor Retained Annuity Trust No. 7	Trust controlled by eddie c. brown	1 Dec 2010	25% - 50%	38-6890745
Eddie C. Brown 2010 Grantor Retained Annuity Trust No. 8	Trust controlled by eddie c. brown	1 Feb 2011	25% - 50%	38-6956774
Brown Capital Management Esop Trust	Shareholder	1 Oct 2016	75% - 100%	81-7110373
Argent Trust Company	Trustee of brown capital management esop trust	1 Oct 2016	Other	621437218

Based in Baltimore

The principal office where Brown Capital Management, LLC performs its advisory services is located at 1201 N Calvert St, Baltimore, MD 21202 3908, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 410-837-3234 or by fax 410-837-6525. The normal business hours are 9:00 a.m. to 5:00 p.m. est on Monday - Friday. You can find more information about the New York firm at browncapital.com/.