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.
SEC-registered adviser
Brownlee Wealth Management
Legal name Bwm Planning LLC
Latest filing Mar 13, 2026
First filing on the tape Mar 29, 2023 · 18 filings
SEC status approved since Apr 28, 2023
RAUM
$465M
reported, Item 5.F
Discretionary
86%
of RAUM
Private clients
68%
$317M individuals and HNW
Advisors
5
registered through the firm on IAPD
RAUM per advisor
$93.1M
derived; firm RAUM over IAPD count
Employees
6
5 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
18 filings and snapshots on the tape
RAUM$465M as of Mar 13, 2026
Feb 19, 2024$212M then
HNW client RAUM$310M as of Mar 13, 2026
Feb 19, 2024$110M then
State-registered IARs (5.B.3)5 as of Mar 13, 2026
Feb 19, 20243 then
Employees (5.A)6 as of Mar 13, 2026
Feb 19, 20243 then
Private funds: no history
RAUM +57% over the last fiscal yearIARs 4 to 5offices 5 to 2
Practice profile
derived from the filing of Mar 13, 2026; every figure names its basis
Archetypes, each a printed rule
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- RAUM per advisor
- $93.1MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 17derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $4.5MderivedHNW RAUM over HNW clients
- Average account
- $1.3MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 86%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.2derivedItem 5.A over advisors
- Advisors per office
- 1.7derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- +57%derivedbetween the last two annual amendments
- Advisor growth, one year
- +25%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +30%derived
- Compensation
- hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutionsreportedItem 5.G
- Custody
- $21.0M, 21 clientsreportedItem 9.A
- 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 cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
- marketing includes testimonials (5.L.1.c)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$310M67%
- Corporations and businesses$148M32%
- Individuals$7.8M1.7%
- Individual clients
- 17reported
- HNW clients
- 69reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 358reported
- Financial planning clients
- 51-100reported
- Wrap fee programs
- noreported
- Custody of client assets
- $21.0M for 21 clientsreported
- Compensation
- fixed, hourlyreported
- Class basis
- private_client_share=0.68 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
5 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Justin Douglas BrownleeCertified Financial Planner | Fort Worth, Tx | Aug 26, 2019 | 13 y | 3 |
| Jared Michael MachenCertified Financial Planner | Fort Worth, Tx | Oct 14, 2020 | 11 y | 2 |
| Nathan Andrew SteeleCertified Financial Planner | Houston, Tx | Sep 28, 2022 | 12 y | 0 |
| Carolyn LingleChartered Financial Consultant | Fort Worth, Tx | Jul 19, 2024 | 10 y | 0 |
| Josh Taylor Matthews | Houston, Tx | Dec 9, 2025 | 12 y | 0 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
none on the tape
Joined, latest
- Jared Michael Machen from Hill Investment GroupOct 14, 2020 · RIA to RIA
- Justin Douglas Brownlee from Fidelity Personal And Workplace AdvisorsAug 26, 2019 · Affiliated broker-dealer or bank to independent RIA
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Douglas Justin Brownlee · Ownercontrolsince 06/2019 · owns 50% to 75%
- Michael Jared Machen · Chief Operating Officer & Chief Compliance Officercontrolsince 09/2020 · owns 25% to 50%
- Andrew Nathan Steele · Associate Advisorsince 08/2022 · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Houston, Tx · principal | 5 | 1 | 0 | ||
| Fort Worth, Tx | 3 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Fort Worth, TX4 employees
- , 1 employees
ADV anomalies
2 against comparable advisers; where to look, not conclusions
- RAUM up 50 %Change between filings · filing Mar 13, 2026RAUM (Item 5.F) moved from $295,776,156 to $465,289,174 (+57.0%) between the annual amendments of 2025-03-26 and 2026-03-13; the peer median change was +15.0% (4550 comparable advisers, 97.0th percentile of changes)peers: independent wealth managers, $100M to $500M (4,550) · 97% percentile
- office count dropChange between filings · filing Mar 13, 2026offices other than the principal office (Item 1.F.5) moved from 5.0 to 2.0 (-60.0%) between the annual amendments of 2025-03-26 and 2026-03-13; the peer median change was 0.0% (450 comparable advisers, 3.0th percentile of changes)peers: independent wealth managers, $100M to $500M (450) · 2.7% percentile
What changed
consecutive filings, newest first
- Accounts · 278 to 358Sep 11, 2025 to Feb 24, 2026
- Advisory employees · 4 to 5Sep 11, 2025 to Feb 24, 2026
- HNW clients · 45 to 69Sep 11, 2025 to Feb 24, 2026
- Individual clients · 21 to 17Sep 11, 2025 to Feb 24, 2026
- Assets in custody · $31.2M to $21.0MSep 11, 2025 to Feb 24, 2026
- Employees · 5 to 6Sep 11, 2025 to Feb 24, 2026
- State-registered IARs · 4 to 5Sep 11, 2025 to Feb 24, 2026
- Other offices · 5 to 2Sep 11, 2025 to Feb 24, 2026
- Discretionary RAUM · $245M to $401MSep 11, 2025 to Feb 24, 2026
- HNW RAUM · $182M to $310MSep 11, 2025 to Feb 24, 2026
- Individual RAUM · $12.0M to $7.8MSep 11, 2025 to Feb 24, 2026
- Non-discretionary RAUM · $50.9M to $64.7MSep 11, 2025 to Feb 24, 2026
- RAUM · $296M to $465MSep 11, 2025 to Feb 24, 2026
- HQ city · THE WOODLANDS to HOUSTONJul 25, 2025 to Sep 11, 2025
- Financial planning clients · 51-100 to 51-100Mar 26, 2025 to Jul 25, 2025
- Accounts · 218 to 278Nov 18, 2024 to Feb 6, 2025
- Advisory employees · 3 to 4Nov 18, 2024 to Feb 6, 2025
- Advisory activities · 2 to 3Nov 18, 2024 to Feb 6, 2025
- Corporate clients · 5.0 to unsetNov 18, 2024 to Feb 6, 2025
- HNW clients · 39 to 45Nov 18, 2024 to Feb 6, 2025
- Individual clients · 16 to 21Nov 18, 2024 to Feb 6, 2025
- Assets in custody · unset to 31187954.0Nov 18, 2024 to Feb 6, 2025
- Custody of client assets · false to trueNov 18, 2024 to Feb 6, 2025
- Employees · 3 to 5Nov 18, 2024 to Feb 6, 2025
- State-registered IARs · 3 to 4Nov 18, 2024 to Feb 6, 2025
- Discretionary RAUM · $194M to $245MNov 18, 2024 to Feb 6, 2025
- HNW RAUM · $110M to $182MNov 18, 2024 to Feb 6, 2025
- Individual RAUM · $7.1M to $12.0MNov 18, 2024 to Feb 6, 2025
- Non-discretionary RAUM · $18.4M to $50.9MNov 18, 2024 to Feb 6, 2025
- RAUM · $212M to $296MNov 18, 2024 to Feb 6, 2025
- Other offices · 3 to 5Aug 7, 2024 to Sep 24, 2024
- Other offices · 2 to 3Jun 6, 2024 to Aug 7, 2024
- HQ city · HOUSTON to THE WOODLANDSFeb 19, 2024 to Jun 6, 2024
- Accounts · 253 to 218Oct 30, 2023 to Feb 19, 2024
- Corporate clients · unset to 5.0Oct 30, 2023 to Feb 19, 2024
- HNW clients · 38 to 39Oct 30, 2023 to Feb 19, 2024
- Individual clients · 14 to 16Oct 30, 2023 to Feb 19, 2024
- Discretionary RAUM · $241M to $194MOct 30, 2023 to Feb 19, 2024
- HNW RAUM · $101M to $110MOct 30, 2023 to Feb 19, 2024
- Individual RAUM · $5.2M to $7.1MOct 30, 2023 to Feb 19, 2024
Signals
2 dated events
- Brownlee Wealth Management reported RAUM $465.3M, up 57% from $295.8M (2025-09-11 to 2026-02-24)Feb 24, 2026 · RAUM change · derived
- Brownlee Wealth Management filed its initial SEC registration (Form ADV)Mar 29, 2023 · 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.
How to reach
public business contact points only, each with its source
- Business phone
- 281-377-3170reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- linkedin.com/company/40908409/adminreportedpublic record, Form ADV, Sep 18, 2026
- Website
- bwmplanning.comreportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 281-377-3170reportedpublic record, Form ADV, Mar 13, 2026
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
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $93.1Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026