DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

Former SEC-registered adviser

Brainard Capital Management LLC

Former SEC-registered adviserAustin, TexasCRD 136641SEC 801-64769IAPD
Latest filing Mar 31, 2023
First filing on the tape Mar 27, 2012 · 19 filings
RAUM
$854M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
96%
$816M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
7
2 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
19 filings and snapshots on the tape
RAUM$854M as of Mar 31, 2023
Mar 27, 2012$150M then
HNW client RAUM$816M as of Mar 31, 2023
Mar 26, 2018$575M then
State-registered IARs (5.B.3)2 as of Mar 31, 2023
Mar 27, 20120 then
Employees (5.A)7 as of Mar 31, 2023
Mar 28, 20134 then
Private funds: no history
RAUM -11% over the last fiscal year+15% a year over threeIARs 0 to 2
Practice profile
derived from the filing of Mar 31, 2023; every figure names its basis
RAUM per advisor
$427MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
$8.8MderivedHNW RAUM over HNW clients
Average account
$2.1MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
4.3%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
3.5derivedItem 5.A over advisors
Advisors per office
2.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-11%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
portfolio management for individuals, selection of other advisersreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$816M96%
  • Charitable organizations$36.4M4.3%
  • Pooled investment vehicles$1.6M0.2%
Individual clients
n/areported
HNW clients
93reported
Pension plan clients
n/areported
Charitable clients
1reported
Accounts
413reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixedreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Owen Jay Brainard · Ceo/Chief Compliance Officercontrol
      since 08/2005 · owns 50% to 75%
    Entity owners
    • J. Owen Brainard Jr. Family Trust, Jay O. Brainard Sr. Trustee · Member Class A
      direct · owns 25% to 50%
    Related persons
    Schedule D 7.A
    • Bdc Capital, LLC
      pooled vehicle sponsory
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 412 to 413
      Aug 18, 2022 to Mar 31, 2023
    • HNW clients · 91 to 93
      Aug 18, 2022 to Mar 31, 2023
    • Pooled vehicle clients · 2 to 1
      Aug 18, 2022 to Mar 31, 2023
    • Assets in custody · 916.0 to unset
      Aug 18, 2022 to Mar 31, 2023
    • Custody of client assets · true to false
      Aug 18, 2022 to Mar 31, 2023
    • Financial planning clients · unset to 0
      Aug 18, 2022 to Mar 31, 2023
    • State-registered IARs · 0 to 2
      Aug 18, 2022 to Mar 31, 2023
    • Discretionary RAUM · $961M to $854M
      Aug 18, 2022 to Mar 31, 2023
    • HNW RAUM · $909M to $816M
      Aug 18, 2022 to Mar 31, 2023
    • RAUM · $961M to $854M
      Aug 18, 2022 to Mar 31, 2023
    • Accounts · 402 to 412
      Mar 23, 2021 to Mar 25, 2022
    • Advisory employees · 3 to 2
      Mar 23, 2021 to Mar 25, 2022
    • Charity clients · 3 to 1
      Mar 23, 2021 to Mar 25, 2022
    • HNW clients · 76 to 91
      Mar 23, 2021 to Mar 25, 2022
    • Employees · 8 to 7
      Mar 23, 2021 to Mar 25, 2022
    • Discretionary RAUM · $894M to $961M
      Mar 23, 2021 to Mar 25, 2022
    • HNW RAUM · $874M to $909M
      Mar 23, 2021 to Mar 25, 2022
    • RAUM · $894M to $961M
      Mar 23, 2021 to Mar 25, 2022
    • Accounts · 342 to 402
      Dec 9, 2020 to Mar 23, 2021
    • Advisory employees · 2 to 3
      Dec 9, 2020 to Mar 23, 2021
    • HNW clients · 69 to 76
      Dec 9, 2020 to Mar 23, 2021
    • Assets in custody · $2,516 to $916
      Dec 9, 2020 to Mar 23, 2021
    • Employees · 6 to 8
      Dec 9, 2020 to Mar 23, 2021
    • Discretionary RAUM · $563M to $894M
      Dec 9, 2020 to Mar 23, 2021
    • HNW RAUM · $554M to $874M
      Dec 9, 2020 to Mar 23, 2021
    • RAUM · $563M to $894M
      Dec 9, 2020 to Mar 23, 2021
    • Accounts · 298 to 342
      Mar 28, 2019 to Mar 31, 2020
    • HNW clients · 68 to 69
      Mar 28, 2019 to Mar 31, 2020
    • Assets in custody · $11,762 to $2,516
      Mar 28, 2019 to Mar 31, 2020
    • Employees · 9 to 6
      Mar 28, 2019 to Mar 31, 2020
    • Discretionary RAUM · $473M to $563M
      Mar 28, 2019 to Mar 31, 2020
    • HNW RAUM · $458M to $554M
      Mar 28, 2019 to Mar 31, 2020
    • RAUM · $473M to $563M
      Mar 28, 2019 to Mar 31, 2020
    • Accounts · 286 to 298
      Mar 26, 2018 to Mar 28, 2019
    • Charity clients · unset to 3.0
      Mar 26, 2018 to Mar 28, 2019
    • HNW clients · 76 to 68
      Mar 26, 2018 to Mar 28, 2019
    • Assets in custody · $17,054 to $11,762
      Mar 26, 2018 to Mar 28, 2019
    • Discretionary RAUM · $592M to $473M
      Mar 26, 2018 to Mar 28, 2019
    • HNW RAUM · $575M to $458M
      Mar 26, 2018 to Mar 28, 2019
    • Pooled vehicle RAUM · $1.7M to $1.6M
      Mar 26, 2018 to Mar 28, 2019
    Signals
    5 dated events
    • Clark Burton Davis left Brainard Capital Management Llc for Pathstone (registered 2023-06-16)
      Jun 5, 2023 · Advisor changed firm · fact
    • Jay Owen Brainard left Brainard Capital Management Llc for Pathstone (registered 2023-06-16)
      Jun 5, 2023 · Advisor changed firm · fact
    • 2 advisors left Brainard Capital Management LLC (Austin, TX) for Pathstone on the same day
      Jun 5, 2023 · Team lift-out · derived
    • Brainard Capital Management Llc reported RAUM $894.1M, up 59% from $563.2M (2020-12-09 to 2021-03-23)
      Mar 23, 2021 · RAUM change · derived
    • Brainard Capital Management Llc reported RAUM $591.6M, up 44% from $411.4M (2017-03-30 to 2018-03-26)
      Mar 26, 2018 · RAUM change · derived
    Across DFX
    shared identifiers only, never a name match
    Provenance
    Form ADV
    SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
    Advisors
    IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
    Class
    Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    n/aderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026