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Four Actively Managed SMAs for High-Growth Public Equities
Our actively managed portfolios are built to outperform traditional benchmarks by investing in leading publicly traded equities. Each strategy is offered as a Separately Managed Account — delivering direct ownership, personalized implementation, and precise tax management.
Four strategies. One mandate:
keep pace with outperform the S&P 500 — substantially.
Over the long run, stock prices follow revenue growth. That is the entire premise of this firm. So BRIM builds concentrated portfolios of publicly traded companies growing revenue 25%+ a year — and three more strategies down the growth spectrum — each delivered as a Separately Managed Account. Every share held directly, in your name, at Charles Schwab.
You can't beat the index by owning the index.
So we don't.
The S&P 500 holds the fastest-growing companies in America — averaged down by hundreds that aren't. BRIM's edge is subtraction: a hard revenue-growth screen decides what's allowed in each portfolio, and when a company's growth decays below threshold, it exits. No exceptions, no sentiment, no style drift.
The screen is the strategy.
Every BRIM strategy is defined by one number: the minimum rate at which its companies must grow revenue, year after year. The threshold sets the altitude — from defensive compounders to the steepest growth curves in the public market.
Same research engine. Same bottom-up process. Four different thresholds.
Most advisors sell you wrappers. We sell you the companies inside them.
"Diversified" into the average
Concentrated, by conviction
Direct ownership isn't a detail. It's the unlock.
A Separately Managed Account means the strategy runs inside your account — which changes what's possible on transparency, taxes, and cost.
Your name on every share
No pooled vehicles, no commingled funds. Log into Schwab and see exactly which companies you own, in what size, at what basis — every single day.
Losses harvested by position
Because each holding is yours individually, we can harvest specific losses, manage specific gains, and coordinate around your outside tax picture — impossible inside a fund wrapper.
One fee. Nothing stacked.
A tiered advisory fee — 1.50% at the first dollar, scaling down to 0.85% — and that's the end of the list.
The flagship, in theory in print.
Equity Innovation has run live client capital since March 24, 2020 — roughly 20 companies growing revenue 25%+ a year. Every figure below is computed in your browser, right now, from BRIM's daily return database. Nothing on this page is typed in.
Since Live Inception
Since Live Inception
2023 – 2025
2023 – 2025
Year by year, nothing hidden.
The full live record — including 2022, when high-growth equities were repriced hard. The thesis didn't change that year; the entry prices did. What followed is why this strategy leads the firm.
Performance computed live from BRIM's daily return database. "Net" reflects deduction of the maximum 1.50% annual advisory fee; most clients pay less under BRIM's tiered schedule. The S&P 500 is shown for context and cannot be invested in directly; index figures reflect no fees. First and final calendar years are partial periods. Past performance is not indicative of future results.
One discipline.
Four funds. Four altitudes.
Every strategy runs the same engine — concentrated, direct ownership of companies clearing a revenue-growth threshold. The only thing that changes is how high the threshold sits. Pick the altitude that matches the risk you're built for; the discipline underneath never changes.
The further right you sit, the faster the underlying businesses are growing — and the more volatility you accept along the way. Every client portfolio is built from these four sleeves.
Equity Innovation SMA
Mar 2020 · Gross
Equity Growth SMA
Apr 2022 · Gross
Equity Core SMA
Mar 2021 · Gross
Equity Low Volatility SMA
Apr 2021 · Gross
"Same discipline at four altitudes — the only question is how much growth you can hold onto when markets shake."
Annualized figures are computed live from daily strategy returns since each strategy's live trading date, shown gross of fees. Net performance reflecting the maximum 1.50% annual advisory fee is available on each strategy page and in Act 05 below. Target returns are forward-looking design objectives, not guarantees. Past performance does not guarantee future results.
Strategies are products.
They're ingredients.
Nobody owns just one. Every client portfolio blends the four sleeves to match where you are in life and how much volatility you can genuinely hold. Five model profiles, one risk conversation — pick the one that sounds like you, and watch the whole portfolio recompute.
What this blend has actually done.
"We don't ask you to pick a strategy. We ask who you are — and the portfolio assembles itself."
A short risk assessment maps you to one of these five profiles — it's the first step of onboarding and takes about five minutes.
Blended profile performance is hypothetical, computed by applying each profile's fixed sleeve weights to daily strategy returns, rebalanced daily. Results before each strategy's live trading date are backtested; results after are live. Fixed Income sleeve is represented by a high-yield bond ETF proxy. "Net of Max Fee" deducts the maximum 1.50% annual advisory fee daily at the account level; most clients pay less under BRIM's tiered fee schedule. Backtested and hypothetical performance has inherent limitations and does not represent actual client results. Past performance does not guarantee future results.
One engine.
One audience. Two doors in.
Everything you just saw runs the same way whether you come to BRIM directly or through your own advisor. Same strategies, same accounts, same fee. The only question is which door you're walking through.
Work with BRIM directly.
You hold your own account at Charles Schwab in your name — we never take custody. We map your risk profile, blend the four strategies, and manage it daily.
Put BRIM inside your practice.
All four strategies are live on the Charles Schwab Managed Account Marketplace. Allocate client assets to BRIM SMAs while you keep the relationship — we run the portfolios, you run the plan.
One fee. It shrinks as you grow.
No commissions, no fund expense ratios stacked underneath, no performance fees. One advisory fee, billed quarterly in arrears on your average daily balance — and the rate steps down at every tier.
Tiered: each band of assets is billed at its own rate. Billed quarterly in arrears on average daily balance.
"Your money never leaves Schwab, you can see every stock you own, and you can walk away any day you want. That's the deal."
The S&P 500 is the benchmark.
It was never the ceiling.
Thirty minutes. Bring your current statement — we'll show you exactly where you'd sit across the four strategies.
Bull Run Investment Management, LLC ("BRIM") is a fee-only Registered Investment Adviser (CRD #306763) state-registered in California, the District of Columbia, Florida, Maryland, North Carolina, Texas, and Virginia. Registration does not imply a certain level of skill or training. Past performance is not indicative of future results. Investing involves risk, including the potential loss of principal.
All performance figures on this page are computed in real time from BRIM's daily return database. Performance shown for periods before each strategy's live trading date is backtested and hypothetical; performance after each live date reflects the live model portfolio. Series labeled "Backtested + Live" combine both periods. Backtested and hypothetical performance has inherent limitations: it is prepared with the benefit of hindsight, does not reflect actual trading or the impact of market liquidity, and does not represent results any client actually achieved. "Net" returns reflect the deduction of a 1.50% annual advisory fee applied daily — the maximum rate under BRIM's tiered schedule; actual client returns will differ based on timing of capital flows, specific fee arrangements, and individual account circumstances. Benchmark returns (S&P 500) are shown gross and do not reflect fees.
Target return ranges referenced on this page are forward-looking design objectives of each strategy, not guarantees or projections. Blended risk-profile performance is hypothetical, applies fixed sleeve weights rebalanced daily, and uses a high-yield bond ETF proxy for the Fixed Income sleeve. Risk-profile allocations reflect BRIM's current portfolio construction guidelines and are subject to change; your actual allocation is personalized to your financial situation and risk tolerance following a complete assessment. ETF percentile ranking reflects the Equity Innovation SMA's gross cumulative return for the three-year period ended December 31, 2025 relative to 3,496 non-leveraged ETFs and is sourced from public ETF return data.
For the complete description of each strategy's objectives, fees, risks, and performance history, refer to the relevant strategy fact sheet and BRIM's Form ADV Part 2A.