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Search Bull Run
Growth-driven wealth management, built for individuals & families, business owners, and financial advisors.
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, hug the benchmark within a whisper, and charge active fees for the privilege. You end up paying for an index fund in disguise. Bull Run was built to be the opposite.
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.
Four mandates. One engine. Compared in full.
No cherry-picked window, no marketing chart. Here is every strategy, side by side — mandate, target, and the live calendar-year record — fed straight from the firm's performance database. Toggle gross or net and watch it recompute.
| Strategy | Mandate | Target1 | Live since | 2023 | 2024 | 2025 | '23–'252 | 3-Yr CAGR2 |
|---|---|---|---|---|---|---|---|---|
| Equity InnovationFlagship | 25%+ revenue growth | 20% | Mar 2020 | — | — | — | — | — |
| Equity Growth | 15–25% revenue growth | 15% | Apr 2022 | — | — | — | — | — |
| Equity Core | 12–15% revenue growth | 12% | Mar 2021 | — | — | — | — | — |
| Equity Low Volatility | 7–12% revenue growth | 8% | Apr 2016 | — | — | — | — | — |
| S&P 500 | Benchmark | — | — | — | — | — | — | — |
Calendar-year and cumulative figures are computed live from daily returns. All four strategies were live for the full 2023–2025 window shown above, so every number here reflects actual results, not backtest. 1Target annualized return over a full market cycle — an objective, not a promise. 2Cumulative and annualized (CAGR) over the three calendar years 2023–2025.
One philosophy, four octanes.
Every strategy screens the same way — revenue growth first, valuation second, narrative last. What changes is how much horsepower belongs in the allocation. Here is each one in full, with its own live record.
Equity Innovation
FlagshipEquity Growth
Equity Core
Equity Low Volatility
*Target annualized return over a full market cycle — an objective, not a promise or projection. Calendar-year and cumulative figures are computed live from the firm's daily performance database; all four strategies were live across 2023–2025, so these are actual results. Bars are scaled within each strategy for readability — use the table in the previous section to compare magnitudes across strategies. Past performance does not guarantee future results.
Blended to any mandate.
Most clients don't hold a single strategy — they hold a blend. These are the five model risk profiles we build from the four strategies plus a bond sleeve, from capital preservation to maximum growth.
Model allocations shown for illustration. Your blend is set through a risk-profiling conversation 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. There is no pooled fund standing between you and your money.
Your account opens in your name at Schwab. We advise it — we never take custody of a dollar.
Direct ownership of each position. No fund wrapper, no commingling, no NAV between you and your holdings.
See every holding, every day. No lockups, no gates, no redemption windows — it's your account.
An SMA lets us harvest losses and gift appreciated shares security-by-security — things a fund simply can't do.
Three steps to invested.
Through your advisor, or directly with us. Thirty minutes to align on goals, fit, and the right strategy blend.
A risk profile, a strategy blend, and a clear written plan you can hold us to.
Accounts open in your name at Schwab, capital goes to work — and the firm's principal stays your point of contact.
One fee. Nothing hidden.
A single tiered advisory fee, billed quarterly in arrears on your average daily balance. Fee-only means exactly that — no commissions, no revenue sharing, no products buried in the plan.
Schedule shown is our direct-client pricing; the estimator is illustrative and your written agreement governs. Introduced by an advisor? What you pay is set by your advisor's agreement — Bull Run is engaged as the underlying manager.
See the onboarding process →The people running your money, within reach.
Whether your advisor brought you here or you came on your own, you're working with a founder-run firm where the person who designed the strategies manages the money — and answers the phone.
No committee, no product shelf, no relationship managers in between. The portfolio manager who built these strategies runs your account personally.
Every holding visible daily, quarterly commentary written in plain English, and a fiduciary standard you can hold in writing.
We work alongside select independent advisors and directly with families and institutions. The same management, the same standard, either way.
The next decade is the product.
That was the whole firm — the philosophy, every strategy compared in full, the live record, and exactly what it costs. One step left: a conversation with the people who'll run your money.
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.