Brokaw Rice Investment Advisors, Incorporated

Brokaw Rice Investment Advisors, Incorporated is a small registered investment adviser serving individual brokerage accounts, trust accounts and IRAs, managing discretionary portfolios for 17 clients with approximately $6.5 million in assets under management (as of December 31, 2025). The firm provides tailored financial advisory and portfolio management services using mutual funds, ETFs and publicly traded stocks, and allows clients to impose restrictions on specific securities or types of securities.

The firm describes a value-based investment philosophy that emphasizes dividend-paying companies and uses valuation tools such as price-to-earnings, enterprise value-to-EBITDA and free cash flow yield to select investments, with diversification across sectors and between equities and bonds to mitigate risk. Client accounts are managed on a discretionary basis and trading and custody are conducted primarily through Charles Schwab, with the firm advising on non‑Schwab accounts only at the CEO/CCO’s discretion.

A noteworthy aspect of the firm is a prior disclosure event: a 2014 settlement with the State of Florida addressing the firm’s filings, written compliance procedures, Form ADV disclosures and related matters, which the brochure states was resolved without client accounts being affected. Also atypical for a firm of this size, the principals report spending the majority of their time working at other full‑time employers, the firm generally routes trading and custody to a single broker‑dealer (Charles Schwab), and it leaves proxy voting responsibility with clients unless they request the firm’s guidance.