Description of Firm
Brixton Capital Wealth Advisors (“BCWA”), LLC is a SEC Registered Investment Adviser based in
Garden City, New York. BCWA is organized as a Limited Liability Company ("LLC") under the laws of
the State of New York and has been providing investment advisory services since July 2017. The firm is
owned by Stephen J. Perrone Sr (34%), John Perrone (33%) and Stephen Perrone, Jr. (33%).
The following paragraphs describe our services and fees. Please refer to the description of each type of
investment advisory service listed below for information on how we tailor our advisory services to your
individual needs, goals and objectives. As used in this brochure, the words "we," "our," "us" and “BCWA”
refer to Brixton Capital Wealth Advisors, LLC and the words "you," "your," and "client" refer to you as
either a client or prospective client of BCWA.
Portfolio Management Services
BCWA offers discretionary portfolio management services. Our investment advice is tailored to meet
each client’s specific needs and investment objectives.
If you participate in our discretionary portfolio management services, we require that you grant us
discretionary authority to manage and trade in your account. Subject to a grant of discretionary
authorization, we have the authority and responsibility to formulate investment strategies on your behalf.
Discretionary authorization will permit us to determine the specific securities and the amount of securities
to be purchased or sold for your account without obtaining your approval prior to each transaction. BCWA
will also have discretion over the broker or dealer to be used for securities transactions in your account.
Discretionary authority is typically granted by the investment advisory agreement you sign with our firm,
a power of attorney, or trading authorization forms. You can limit our discretionary authority (for example,
limiting the types of securities that can be purchased or sold for your account) by providing our firm with
your restrictions and guidelines in writing.
BCWA also offers non-discretionary portfolio management services. If you enter into non-discretionary
arrangements with our firm, we will need to obtain your approval prior to executing any transactions on
behalf of your account. You have an unrestricted right to decline to implement any advice provided by
our firm on a non-discretionary basis.
As part of our portfolio management services, we on occasion use one or more sub-advisers to manage
a portion of your account on a discretionary basis. The sub-adviser(s) use one or more of their model
portfolios to manage your account. We will regularly monitor the performance of your accounts managed
by sub-adviser(s) and can hire and fire any sub-adviser without your prior approval (for discretionary
accounts). If BCWA pays a portion of our advisory fee to the sub-adviser(s) we use; you will not pay our
firm a higher advisory fee as a result of any sub-advisory relationships and we do not receive any
payment from the sub-advisor chosen for your account. You will pay a separate management fee to
the sub-advisor in addition to the fee that you pay Brixton.
As part of our portfolio management services, in addition to other types of investments (see disclosures
below in this section), we can invest your assets according to one or more model portfolios developed
by an unaffiliated investment manager. These models are designed for investors with varying degrees
of risk tolerance ranging from a more aggressive investment strategy to a more conservative investment
approach. Clients whose assets are invested in model portfolios cannot set restrictions on the specific
holdings or allocations within the model, nor the types of securities that can be purchased in the model.
Nonetheless, clients can impose restrictions on investing in certain securities or types of securities in
their account. In such cases, this will prevent a client from investing in certain models that are managed
by our firm.
Financial Planning Services
BCWA offers financial planning services which typically involve providing a variety of advisory services
to clients regarding the management of their financial resources based upon an analysis of their
individual needs. These services can range from broad-based financial planning to consultative or single
subject planning. If you retain our firm for financial planning services, we will gather information about
your financial circumstances and objectives from you. We also use financial planning software to
determine your current financial position and to define and quantify your long-term goals and objectives.
Once we specify those long-term objectives (both financial and non-financial), we will develop shorter-
term, targeted objectives. Once we review and analyze the information you provide to our firm and the
data derived from our financial planning software, we will deliver a written plan to you, designed to help
you achieve your stated financial goals and objectives.
Financial plans are based on your specific financial situation at the time we present the plan to you, and
on the financial information you provide to us. You must promptly notify our firm if your financial situation,
goals, objectives, or needs change.
You are under no obligation to act on our financial planning recommendations. Should you choose to
act on any of our recommendations, you are not obligated to implement the
financial plan through
BCWA. Moreover, you can act on our recommendations by placing securities transactions with any
brokerage firm.
Financial Consulting Services
BCWA offers financial consulting services that primarily involve advising clients on specific financial-
related topics. The topics we address include, but are not limited to, risk assessment/management,
investment planning, financial organization, or financial decision making/negotiation.
Selection of Other Advisers
BCWA in some cases does recommend that you use the services of a third-party money manager
("TPMM") to manage all, or a portion of, your investment portfolio. After gathering information about
your financial situation and objectives, we can recommend that you engage a specific TPMM or
investment program. Factors that we take into consideration when making our recommendation(s)
include, but are not limited to, the following: the TPMM's performance, methods of analysis, fees, your
financial needs, investment goals, risk tolerance, and investment objectives.
The TPMM(s) chosen will actively manage your portfolio and will assume discretionary investment
authority over your account. We will assume discretionary authority to hire and fire TPMM(s) and/or
reallocate your assets to other TPMM(s) where we deem such action appropriate.
We can recommend that you use a third-party money manager ("TPMM") based on your needs and
best interest. We will not receive separate compensation, directly or indirectly, from the TPMM for
recommending that you use their services. Moreover, we do not have any other business relationships
with the recommended TPMM(s) that would create a conflict of interest as we receive no additional
compensation for recommending that you use a TPMM.
Brixton charges you its advisory fee only and receives no payment from the TPMM. The cost of BCWA’s
advisory services and the separate costs associated with the TPMM will be disclosed to you in writing
and are part of the agreements that you will sign.
Types of Investments
BCWA offers advice on equity securities, corporate debt securities (other than commercial paper),
certificates of deposit, municipal securities, mutual fund shares, United States government securities,
options contracts on securities, money market funds, real estate investment trusts REITs, structured
notes, ETFs, variable annuities, interests in partnerships investing in real estate and interests in
partnerships investing in oil and gas interests.
Advisors that provide variable annuity advice to you are licensed as both insurance representatives and
as Registered Representatives with a broker-dealer. These advisors are paid on the business by the
broker dealer and this is in addition to the fees that are paid to BCWA for managing your account.
These assets are not included in your assets under management unless BCWA is managing the sub-
accounts on your behalf. If we are managing your subaccounts, this will be disclosed to you in writing.
Variable life policies whose sub-accounts are managed by BCWA are included in the assets
undermanagement. This does create a conflict of interest as the advisor can potentially receive more
compensation by recommending that invest in a variable annuity. However, based upon your objectives
this can be in your best interest.
Advisors that provide fixed annuity advice to you are licensed as insurance representatives. These
advisors are paid on this business and this is in addition to the fees that are paid to BCWA for
managing your account. This does create a conflict of interest as the advisor can potentially receive
more compensation by recommending that invest in a variable annuity. However, based upon your
objectives this can be in your best interest.
Advisors that provide insurance advice to you are licensed as insurance representatives. These advisors
are paid on any insurance business in addition to any advisory fees that you pay to BCWA. So, this
does create a conflict of interest as the representative would potentially receive a higher commission
then they would if the assets were in an advisory account. However, for some clients, the benefits of life
insurance would be in their best interest. Life insurance is not included in your assets under management
unless it is a variable life policy where the sub-accounts are being managed by BCWA. If we are
managing your subaccounts, this will be disclosed to you in writing in your investment management
agreement. This creates a conflict of interest as you are paying a commission for the variable life policy
as well as paying a fee to manage the sub accounts. However, depending on your goals and objectives,
it could be in your best interest. You should discuss all of the costs and benefits in detail with your
advisor, so that you can make an informed decision.
Additionally, we can advise you on various types of investments based on your stated goals and
objectives. We also, if requested, provide advice on any type of investment held in your portfolio at the
inception of our advisory relationship with you.
As of December 31, 2022, we currently manage $138,953,040 in client assets on a discretionary basis.
At this time we are not managing any client assets on a non-discretionary basis.