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
Bray Capital Advisors, LLC
Latest filing Mar 27, 2024
First filing on the tape Jan 15, 2014 · 24 filings
SEC status approved since Jan 23, 2014
RAUM
$413M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$412M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
5
3 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
24 filings and snapshots on the tape
RAUM$413M as of Mar 27, 2024
Jan 20, 2015$225M then
HNW client RAUM$395M as of Mar 27, 2024
Jan 5, 2018$274M then
State-registered IARs (5.B.3)3 as of Mar 27, 2024
Jan 20, 20153 then
Employees (5.A)5 as of Mar 27, 2024
Jan 20, 20156 then
Private funds: no history
RAUM +2.4% over the last fiscal year-1.2% a year over threeIARs 3 to 3
Practice profile
derived from the filing of Mar 27, 2024; every figure names its basis
- RAUM per advisor
- $138MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 27derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $7.1MderivedHNW RAUM over HNW clients
- Average account
- $1.6MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.7derivedItem 5.A over advisors
- Advisors per office
- 1.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +2.4%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -2.4%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individualsreportedItem 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)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$395M96%
- Individuals$16.8M4.1%
- Charitable organizations$1.8M0.4%
- Individual clients
- 24reported
- HNW clients
- 56reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 253reported
- Financial planning clients
- 11-25reported
- 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
- Darian Hong Chen to Cwa Asset Management GroupMay 5, 2025 · RIA to RIA
- Brian James Tolin to Cwa Asset Management GroupMay 5, 2025 · RIA to RIA
Joined, latest
- Brian James Tolin from Raymond James & Associates, Inc.Jul 12, 2016 · Other
- Darian Hong Chen from Sequoia Financial Group, L.L.C.Aug 28, 2014 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 2 left for Cwa Asset Management GroupMay 5, 2025 · Naples, Fl
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Paul Christopher Bray · Manager/Member/President/Chief Compliance Officercontrolsince 01/2014 · owns 75% or more
Related persons
Schedule D 7.A
- Christopher P. Bray Associates, LLCn
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Naples, Fl · principal | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Cleveland, OH
What changed
consecutive filings, newest first
- Accounts · 262 to 253Mar 31, 2023 to Mar 27, 2024
- Advisory employees · 4 to 3Mar 31, 2023 to Mar 27, 2024
- HNW clients · 57 to 56Mar 31, 2023 to Mar 27, 2024
- Individual clients · 25 to 24Mar 31, 2023 to Mar 27, 2024
- Assets in custody · $48.0M to $49.2MMar 31, 2023 to Mar 27, 2024
- Employees · 6 to 5Mar 31, 2023 to Mar 27, 2024
- Financial planning clients · 26-50 to 11-25Mar 31, 2023 to Mar 27, 2024
- Discretionary RAUM · $404M to $413MMar 31, 2023 to Mar 27, 2024
- HNW RAUM · $395M to $395MMar 31, 2023 to Mar 27, 2024
- Individual RAUM · $7.0M to $16.8MMar 31, 2023 to Mar 27, 2024
- RAUM · $404M to $413MMar 31, 2023 to Mar 27, 2024
- Accounts · 255 to 262Mar 23, 2022 to Mar 31, 2023
- HNW clients · 59 to 57Mar 23, 2022 to Mar 31, 2023
- Individual clients · 20 to 25Mar 23, 2022 to Mar 31, 2023
- Assets in custody · $56.9M to $48.0MMar 23, 2022 to Mar 31, 2023
- Discretionary RAUM · $488M to $404MMar 23, 2022 to Mar 31, 2023
- HNW RAUM · $478M to $395MMar 23, 2022 to Mar 31, 2023
- Individual RAUM · $8.0M to $7.0MMar 23, 2022 to Mar 31, 2023
- RAUM · $488M to $404MMar 23, 2022 to Mar 31, 2023
- Accounts · 240 to 255Feb 25, 2021 to Mar 23, 2022
- HNW clients · 57 to 59Feb 25, 2021 to Mar 23, 2022
- Individual clients · 18 to 20Feb 25, 2021 to Mar 23, 2022
- Assets in custody · $45.4M to $56.9MFeb 25, 2021 to Mar 23, 2022
- Discretionary RAUM · $429M to $488MFeb 25, 2021 to Mar 23, 2022
- HNW RAUM · $421M to $478MFeb 25, 2021 to Mar 23, 2022
- Individual RAUM · $6.1M to $8.0MFeb 25, 2021 to Mar 23, 2022
- RAUM · $429M to $488MFeb 25, 2021 to Mar 23, 2022
- Accounts · 251 to 240Jun 29, 2020 to Feb 25, 2021
- HNW clients · 64 to 57Jun 29, 2020 to Feb 25, 2021
- Individual clients · 10 to 18Jun 29, 2020 to Feb 25, 2021
- Assets in custody · $71.0M to $45.4MJun 29, 2020 to Feb 25, 2021
- Financial planning clients · 51-100 to 26-50Jun 29, 2020 to Feb 25, 2021
- Discretionary RAUM · $356M to $429MJun 29, 2020 to Feb 25, 2021
- HNW RAUM · $352M to $421MJun 29, 2020 to Feb 25, 2021
- Individual RAUM · $3.5M to $6.1MJun 29, 2020 to Feb 25, 2021
- RAUM · $356M to $429MJun 29, 2020 to Feb 25, 2021
- Accounts · 222 to 251Jan 22, 2019 to Feb 10, 2020
- HNW clients · 63 to 64Jan 22, 2019 to Feb 10, 2020
- Assets in custody · $65.5M to $71.0MJan 22, 2019 to Feb 10, 2020
- Discretionary RAUM · $259M to $356MJan 22, 2019 to Feb 10, 2020
Signals
5 dated events
- Bray Capital Advisors, Llc no longer on the SEC adviser roster (last listed 2025-05-02, RAUM $413.4M)Jun 2, 2025 · Left the SEC roster · derived
- Brian James Tolin left Bray Capital Advisors, Llc for Cwa Asset Management Group (registered 2024-08-12)May 5, 2025 · Advisor changed firm · fact
- Darian Hong Chen left Bray Capital Advisors, Llc for Cwa Asset Management Group (registered 2025-01-15)May 5, 2025 · Advisor changed firm · fact
- 2 advisors left Bray Capital Advisors, LLC (Naples, FL) for Cwa Asset Management Group on the same dayMay 5, 2025 · Team lift-out · derived
- Ariel Capital Advisors, Llc filed its initial SEC registration (Form ADV)Jan 15, 2014 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
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