SEC-registered wealth management firm Broker-dealer affiliated
Brown, Lisle/Cummings, Inc
As of its Form ADV filed June 26, 2026, Brown, Lisle/Cummings, Inc, an SEC-registered, broker-dealer affiliated wealth management firm in Providence, Rhode Island, reported $487.3 million in regulatory assets under management across 490 accounts, ranking #16 among all wealth firms in Rhode Island by assets.
Registration
- Main office
- Providence, RI
- Registration
- SEC-registered, Approved
- CRD number
- 1331
- SEC file number
- 801-121156
- Registered since
- May 6, 2021
- Latest Form ADV filing
- June 26, 2026
- Organized as
- Corporation
- Fiscal year ends
- December
- Other offices
- 0
Key figures
- Regulatory assets under management
- $487.3 million
- Discretionary
- $480.6 million (98.6%)
- Non-discretionary
- $6.7 million
- Accounts
- 490 (478 discretionary)
- Clients
- 238, approximate as reported
- Employees
- 13
- Advisory staff
- 8 performing investment advisory functions
- Average account
- $994,529
- Asset growth, 1 year
- 17.5% (from $414.7 million a year earlier)
- Asset growth, 3-year annual rate
- 26.8% (from $238.8 million three years earlier)
- Asset growth, 5-year annual rate
- 22.0% (from $180.4 million five years earlier)
- Client growth, 1 year
- 2.6% (from 232)
Broker-dealer affiliated. The firm is itself a broker-dealer as well as an investment adviser (Form ADV Item 6.A(1)). It is ranked among all wealth firms, the directory's view that includes wirehouses and broker-dealer firms, not in the main lists of independent RIAs. How firms are classed.
Growth rates come from the SEC's yearly snapshots and are left blank when the years are not comparable.
Rankings
Among all wealth firms, including wirehouses and broker-dealer firms.
Assets over time
Data table
| As of | RAUM |
|---|---|
| October 4, 2021 | $180.4 million |
| October 3, 2022 | $263.9 million |
| October 5, 2023 | $238.8 million |
| October 1, 2024 | $342.8 million |
| September 2, 2025 | $414.7 million |
| October 2, 2026 | $487.3 million |
Clients and services
Client mix
| Measure | Bar | RAUM |
|---|---|---|
| High net worth individuals 107 clients | $421.1 million | |
| Individuals (other than high net worth) 119 clients | $55.7 million | |
| Corporations or other businesses 12 clients | $10.5 million |
How the firm is paid
- A percentage of assets under management
- Fixed fees
Advisory services
- Financial planning
- Portfolio management for individuals or small businesses
- Portfolio management for businesses or institutional clients
Financial planning clients (Item 5.H): 0.
Wrap fee program sponsor or portfolio manager: yes.
Other business, affiliations and custody
Other business activities (Item 6.A)
- Broker-dealer
- Insurance broker or agent
Financial industry affiliations (Item 7.A)
None reported.
Custody (Item 9)
The firm reported custody of client cash or securities, $184.3 million in total.
Investment adviser representatives
- IARs registered with the firm
- 8
- Also registered through a broker-dealer
- 8
- Employees who are IARs (Form ADV 5.B(3))
- 8
Designations held by the firm's IARs: CFP 2.
8 of the firm's 8 IARs are registered in jurisdictions that require IAR CE. IAR CE requirements by state.
Counts only. AdvisorIQ does not list individual people.
Disclosures
On Form ADV Item 11 the firm answered yes to 4 disclosure questions. See the detail on IAPD.
Succession and acquired firms
On Form ADV Item 4 the firm did not report succeeding to another adviser's business.
Similar-sized firms in Rhode Island
| Firm | City | RAUM |
|---|---|---|
| Barrett & Company | Providence | $529.7 million |
| Sowa Financial Group | Lincoln | $517.0 million |
| Lincoln Capital Corporation | East Greenwich | $418.3 million |
| Hall Capital Management Company, Inc. | Barrington | $411.6 million |
| The Retirement Planning Company of New England, Inc. | Warwick | $394.4 million |
The five wealth firms, broker-dealer affiliated firms included, nearest in regulatory assets with a main office in the same state.
Elsewhere
- Brown, Lisle/Cummings, Inc on IAPD: Form ADV, brochures and disclosure detail.
- Firm website: www.brownlc.com
- Wealth management firms in Rhode Island
Firm data as of October 2, 2026, from ia100226.zip. Figures are as the firm reported them; corrections are made on Form ADV and appear after the next monthly reload.
Data as of October 2, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.