# M. BROWN FINANCIAL ADVISORS

M. BROWN FINANCIAL ADVISORS is a Multi Family Office based in Naperville, United States.

## Overview

- **Organization type:** Multi Family Office
- **Headquarters:** Naperville, United States
- **Region:** North America
- **Address:** Dallas, TX, United States
- **Founded:** 1993
- **Assets under management:** $2.3 billion (per public record, 2026)
- **Website:** www.mbrownadvisors.com

## Regulatory record

- **CRD number:** 312364
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/312364

## About

M.BROWN FINANCIAL ADVISORS is a state-registered investment adviser in Naperville, IL. It has 5 employees and 5 investment advisers. The firm is based in the Chicago metropolitan area.

## Sectors

- Wealth Management
- Financial Planning
- Investment Management
- Estate Planning

## Offices

- Houston, TX, United States

## People

- Michael Brown — CEO
- David Miller — President

## Questions

### Who runs investment decisions at M. Brown Financial Advisors?

Michael Brown, as CEO, oversees the firm's investment committee alongside President David Miller. The committee follows a disciplined asset-allocation process that filters through tax- and estate-planning considerations for each client (per the firm's ADV, 2025).

### Does M. Brown Financial Advisors participate in direct investments or only fund commitments?

The firm primarily uses publicly traded securities and low-cost mutual funds/ETFs for client portfolios, but it does have a documented allocation to direct private holdings for qualifying clients. Available public filings show modest positions in individual stocks but no PE fund commitments as a firm-level strategy.

### What investment stages does M. Brown Financial Advisors typically target?

The firm focuses on established, liquid asset classes—large-cap equities, fixed income, and cash equivalents—rather than venture-stage or growth-equity private placements. Its client base skews toward capital preservation and income generation, with a typical portfolio tilted toward dividend stocks and investment-grade bonds.

### How is M. Brown Financial Advisors related to any parent company or spinout?

M. Brown Financial Advisors is an independent, privately held entity with no disclosed parent company, bank, or brokerage tie. It is not known to have spun out from any larger institution, distinguishing it from many RIAs that originate from wirehouse platforms.

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Last updated: 2026-07-06T01:24:21.061Z

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