# Brandywine Asset Management

> Investment management firm (est. 1982, 44+ years) offering the proprietary "Risk Replacement" approach — reducing portfolio downside while preserving benchmark (upside) exposure. Based in Thornton, PA.

Brandywine offers 14 Risk Replacement strategies (9 Enhanced Strategies across equity and fixed income, plus 5 Target Date Strategies) available as ETFs and Collective Investment Trusts, and specializes in tax-free Section 351 ETF conversions.

## Firm
- [Our Approach — Risk Replacement](https://brandywine.com/our-approach): How Brandywine reduces losses while preserving upside, and why limiting drawdowns matters for long-term returns.
- [About & Team](https://brandywine.com/about): Leadership, investment professionals, and advisory board.
- [Investment Strategies](https://brandywine.com/investment-strategies): The full lineup of Enhanced and Target Date strategies with downside protection.

## Section 351 ETF conversion
- [351 Exchange](https://brandywine.com/351-exchange): Tax-free conversion of a concentrated/appreciated portfolio into a diversified ETF.
- [351 Portfolio Optimizer](https://brandywine.com/tools/351-optimizer): Instant test for whether a portfolio qualifies for a Section 351 conversion.
- [Buffer Comparison Tool](https://brandywine.com/tools/buffer-comparison): Compare buffer/defined-outcome strategies and downside-protection scenarios.

## Research & education
- [Content Library](https://brandywine.com/content): White papers, podcasts, case studies, and market analysis.
- [Content Search](https://brandywine.com/content/search): Search all published research and book chapters.

## Contact
- Phone: 610-361-1000
- Address: 381 Brinton Lake Road, Suite 5, Thornton, PA 19373, USA

## Complete URL list
- [Sitemap](https://brandywine.com/sitemap.xml)