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Search Bull Run
Buy everything.
Hope for average.
Own what's growing.
We build concentrated portfolios of long-term capital-growth companies — businesses compounding revenue 25%+ a year — engineered to substantially outperform the S&P 500, not to mirror it.
Everything you'd ask. In the order you'd ask it.
Whether you found us yourself or your advisor sent you here, read top to bottom. It's the same conversation we'd have on a call — who we are, what we believe, the record, and how to own it.
- 01The FirmWho we are — and who we answer to→
- 02The ProblemWhy most active management quietly indexes→
- 03The ThesisRevenue growth is the engine of returns→
- 04The FlagshipThe Equity Innovation SMA, live record→
- 05The LineupFour strategies, one philosophy, any mandate→
- 06The ExperienceYour shares, your name, held at Schwab→
- 07For AdvisorsPlatform our engine, keep your client→
- 08BeginOne conversation starts the compounding→
Independent. Founder-run. Accountable.
Bull Run Investment Management is a fee-only Registered Investment Adviser in McLean, Virginia. We manage four proprietary equity strategies as separately managed accounts on the Charles Schwab Managed Account Marketplace.
The person who designed the strategies runs the money — and answers the phone. No commissions, no products to push, no committee to hide behind. A fiduciary obligation to you, in writing.
Meet the team →Closet indexing is a business model. It isn't ours.
Most "active" portfolios hold hundreds of names, track the benchmark within a whisper, and charge active fees for the privilege. The industry optimized for never looking wrong. We optimized for being right.
Revenue growth is the engine. Everything else is weather.
Over any short window, prices follow moods. Over a decade, they follow fundamentals. A business compounding revenue at 25% a year doubles in roughly three years — and the market, eventually, has no choice but to notice.
Our job is simple to say and hard to do: find those businesses early, size them meaningfully, and hold them long enough for arithmetic to do the talking. That discipline is the spine of every portfolio we run.
The Equity Innovation SMAFlagship
Our purest expression of the thesis: companies growing revenue 25%+ a year, held with conviction, targeting 20% annualized over a full market cycle. Live since March 2020 — and the last three years are the record.
One philosophy, four octanes.
Every strategy screens the same way — revenue growth first, valuation second, narrative last. The only question is how much horsepower belongs in your allocation.
Innovation
The fastest revenue compounders in public markets, held with conviction through full cycles. Built to substantially outpace the S&P 500.
Growth
Established growers compounding through proven business models — bought before the index is forced to crowd in.
Core
Durable franchises with entrenched advantages — the compounding spine of a long-term allocation.
Low Volatility
Steadier businesses with resilient demand, built to dampen the ride without abandoning growth.
*Target annualized return over a full market cycle. Targets are objectives, not promises or projections of future performance.
Blend to any mandate.
Five model risk profiles built from the four strategies plus a bond sleeve — the same blends we run for client households, from capital preservation to maximum growth.
Model allocations shown for illustration; your blend is set through the risk-profiling conversation in Chapter 06 and documented in writing before a dollar moves.
Your account. Your shares. Your name.
Every strategy is delivered as a separately managed account — the cleanest ownership structure in the business. No pooled fund between you and your money.
Your account opens in your name at Schwab. We advise it — we never take custody of a dollar.
You own every share outright. No fund wrapper, no commingling, no NAV standing between you and your positions.
See every holding, every day. No lockups, no gates, no redemption windows. It's your account.
SMAs let us harvest losses and gift appreciated shares security-by-security — things a wrapper simply can't do.
Three steps to invested.
Thirty minutes on the calendar. Your goals, our approach, zero obligation.
Risk profile, strategy blend, and a clear written plan you can hold us to.
Accounts open at Schwab, capital goes to work — and the founder stays your point of contact.
One fee. Nothing else.
A single tiered advisory fee, billed quarterly in arrears on average daily balance. Fee-only means exactly that — no commissions, no revenue sharing, no products hiding in the plan.
Estimator is illustrative; your written agreement governs. Direct wealth-management clients shown here — advisors allocating through the Schwab Managed Account Marketplace are priced on the SMA Platform page.
See the onboarding process →Your client. Your plan. Our engine.
Allocate to any Bull Run strategy through the Charles Schwab Managed Account Marketplace. You keep the relationship and the planning — we run the sleeve and hand you the story to tell.
Available where your clients already custody, with a clean dual-contract setup. Your paperwork rails, our discretion on the sleeve.
Fact sheets, interactive pitch decks, quarterly commentary — and this page, built to be walked through live on a client call.
Direct access to the portfolio manager for due diligence and joint client calls. No layers, no relationship managers in between.
The next decade is the product.
That was the meeting — all eight chapters. One step left: thirty minutes with the founder covers what we own, why we own it, and exactly what it costs.
Questions? Seeking Further Insight?
Connect with our team to discuss your goals. No obligations, no pressure — just a straightforward conversation about how we can help.
Questions? Seeking Further Insight?
Connect with our experts at BRIM.