Brown Financial Group

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Client assets under management

$21,113,308

Clients

119

6% high-net worth

Advisors

of 3 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

Clients per advisor

Typical

Average account size

$177,423

About

Brown Financial Group advises individuals, high‑net‑worth clients, and pension/profit‑sharing plans, offering portfolio management, financial planning, and pension consulting. The two‑advisor firm manages roughly $21.1 million across about 119 client accounts and documents client goals and risk tolerances in individualized Investment Policy Statements.

The firm bases its approach on modern portfolio theory and long‑term trading, using tailored or model portfolios and conducting at least annual reviews of accounts. BFG does not exercise investment discretion over client accounts; clients retain trading authority while the firm provides recommendations and oversight.

The brochure discloses that the principals are licensed insurance agents and may offer commissionable insurance and annuity products alongside advisory services, a relationship the firm notes as a potential conflict of interest. The firm also emphasizes client education and coaching in its materials, and it may refer clients to third‑party platforms and managers (including Altruist and Schwab Marketplace), which can involve external fee arrangements in addition to BFG’s advisory fees.

Client services

Financial planning Portfolio management Selection of other advisers Educational seminars or workshops Financial coaching

Expertise

Wealth management Retirement plans for business owners (SEP, solo 401k) Annuities Real estate investing

Fee options

Percentage

0.50% - 2.00%

Project-based

$200 - $300 per hour

Main office location

Brown Financial Group

403 W Cantu Rd

Del Rio TX 78840, United States

Number of offices

Most active in

Texas

Disclosures

Business activities & affiliations

Is active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Is not active or affiliated with:

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Lawyer

They provide legal services, typically billed separately.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure

Quick links

LinkedIn Facebook X Website 830-775-2911

Advisors at this firm

Eldon B

CFP®, Series 63

Del Rio, TX

Brown Financial Group

Eldon Brown is a CFP® with 21 years of industry experience, currently serving at Brown Financial Group in Del Rio, TX. He has been with Wealth Financial Advisory Services, LLC since 2016 and has worked with Brown Financial Group since 2013. Outside of his advisory work, he is also a licensed insurance agent. Brown Financial Group advises individuals, high-net-worth clients, and pension/profit-sharing plans, providing portfolio management, financial planning, and pension consulting. The firm manages around $21.1 million across about 119 accounts and utilizes modern portfolio theory with long-term trading strategies, maintaining tailored or model portfolios and conducting at least annual account reviews.

Wealth management Retirement plans for business owners (SEP, solo 401k) Annuities Real estate investing

Michelle B

Series 65

Del Rio, TX

Brown Financial Group

Michelle Brown is a financial advisor at Brown Financial Group in Del Rio, TX, holding a Series 65 designation with 12 years of industry experience. She has served at Wealth Financial Advisory Services, LLC since 2016 and has been associated with MEB Financial Group, LLC, dba Brown Financial Group, since 2003. Brown is also an insurance agent licensed to sell annuity and insurance products. Brown Financial Group advises individuals, high-net-worth clients, and pension/profit-sharing plans, providing portfolio management, financial planning, and pension consulting. The firm uses a modern portfolio theory approach with tailored or model portfolios and offers recommendations while clients retain trading authority.

Wealth management Retirement plans for business owners (SEP, solo 401k) Annuities Real estate investing

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