{"url":"https://nivawealth.com/firms/bireme-capital-283224","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/283224","regulatoryAum":196939682,"crd":"283224","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"6623188","suffix":null,"lastName":"BALLENTINE","firstName":"RYAN","middleName":"WILLIAM"},{"crd":"5238284","suffix":null,"lastName":"SILVERSTEIN","firstName":"LAWRENCE","middleName":"ISRAEL"},{"crd":"6623227","suffix":null,"lastName":"TINDELL","firstName":"EVAN","middleName":"WILLIAM"}],"total":3,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2025-07-11","regulatoryAum":168417519,"clients":65,"employees":2,"offices":2},{"filedOn":"2026-03-19","regulatoryAum":196939682,"clients":65,"employees":2,"offices":2}],"secFileNumber":"801-133983","legalName":"Bireme Capital, LLC","displayName":"Bireme Capital","slug":"bireme-capital-283224","website":null,"logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/283224/67330fd7d37a956d-r1.webp","tone":"dark","width":672,"height":200,"sourceUrl":"https://www.biremecapital.com/","sourceLabel":"Bireme Capital, LLC, website"},"classification":{"segment":"institutions","segmentLabel":"Institutional","type":"institutional_asset_manager","typeLabel":"Asset manager","feeDisclosure":"payment_only"},"linkedinUrl":"https://www.linkedin.com/company/bireme-capital/","xUrl":"https://twitter.com/biremecapital","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"1201 Seven Locks Road, Suite 360","city":"Rockville","state":"MD","stateName":"Maryland","country":"United States","postalCode":"20854"},"tradeNames":[],"registration":{"secApproved":"25 July 2025","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":950954.7833333333,"staff":{"employees":2,"advisory":2,"brokerDealerReps":0,"insuranceAgents":0,"promoters":1},"aum":{"regulatory":196939682,"discretionary":196939682,"discretionaryAccounts":75,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":6,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":13,"regulatoryAum":12543300},{"label":"High-net-worth individuals","clients":47,"regulatoryAum":44513987},{"label":"Pooled investment vehicles","clients":1,"regulatoryAum":33367833},{"label":"Corporations and other businesses","clients":4,"fewerThan5":true,"regulatoryAum":106514562}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Interactive Brokers LLC","shortName":"Interactive Brokers","location":"Greenwich, CT","smaAssets":103386634}],"custodyNote":"Bireme Capital does not have custody of client assets.","leadership":[{"name":"Ryan Ballentine","title":"President","crd":"6623188"},{"name":"Evan Tindell","title":"President and Chief Compliance Officer","crd":"6623227"}],"ownership":[{"label":"Navarchos LLC","detail":"Holding company in the 25% to 50% ownership band, since August 2017."},{"label":"Ayanz LLC","detail":"Holding company in the 25% to 50% ownership band, since August 2017."},{"label":"Wakefield Partners, L.P.","detail":"Equity member in the 10% to 25% ownership band, since August 2017."},{"label":"Ryan Ballentine","detail":"Indirect owner: a managing member of Navarchos LLC in the 75% or more band and a control person, since March 2017.","parent":"Navarchos LLC"},{"label":"Evan Tindell","detail":"Indirect owner: a managing member of Ayanz LLC in the 75% or more band and a control person, since March 2017.","parent":"Ayanz LLC"},{"label":"Highland Wakefield LLC","detail":"Indirect owner: general partner of Wakefield Partners, L.P., since November 1996.","parent":"Wakefield Partners, L.P."},{"label":"Beth Ballentine Descendants' Trust","detail":"Indirect owner: a limited partner of Wakefield Partners, L.P. in the 50% to 75% band, since March 2005.","parent":"Wakefield Partners, L.P."},{"label":"Steven Ballentine","detail":"Indirect owner: trustee of Beth Ballentine Descendants' Trust, since November 1996. Also a owner of Highland Wakefield LLC in the 75% or more band, since November 1996.","parent":"Beth Ballentine Descendants' Trust"},{"label":"Jeffrey Molson","detail":"Indirect owner: trustee of Beth Ballentine Descendants' Trust, since November 1996.","parent":"Beth Ballentine Descendants' Trust"}],"filedOffices":{"otherThanPrincipal":1,"privateResidences":1},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Maryland","offices":1,"addresses":[{"street":"1201 Seven Locks Road, Suite 360","city":"Rockville","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"813-603-2615","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients","Educational seminars/workshops"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":85},{"label":"Securities issued by registered investment companies or business development companies","percent":5},{"label":"Cash and cash equivalents","percent":10}],"privateFunds":1},"sources":{"adv1FilingDate":"19 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/283224/PDF/283224.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Bireme Capital have?","answer":"Bireme Capital has 65 clients and manages $197 million for them, as of March 2026. They include 47 high-net-worth individuals, 13 individual clients, and 4 corporations and other businesses.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 19 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Bireme Capital offer?","answer":"Bireme Capital provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, and educational seminars.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Bireme Capital use?","answer":"Bireme Capital’s separately managed account assets are held at Interactive Brokers LLC (Greenwich, CT), with $103M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 19 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Bireme Capital have?","answer":"Bireme Capital has 2 investment adviser representatives registered with state securities authorities, out of 2 employees, and 2 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Bireme Capital invest in?","answer":"At the end of its last fiscal year, Bireme Capital’s separately managed accounts held 85% exchange-traded equities, 10% cash and equivalents and 5% registered funds (mutual funds, ETFs, BDCs). It advises 1 private fund.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Bireme Capital?","answer":"Bireme Capital is owned through a chain of holding companies by Ryan Ballentine, Evan Tindell and Steven Ballentine. Its direct owners are Navarchos LLC, Ayanz LLC and Wakefield Partners, L.P., each holding 50% or less.","source":"Form ADV Part 1A, Schedules A and B, filed 19 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Bireme Capital get paid?","answer":"Bireme Capital is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is Bireme Capital registered with the SEC?","answer":"Yes, Bireme Capital has been registered with the SEC as an investment adviser since 25 July 2025. Its CRD number is 283224 and its SEC file number is 801-133983.","source":"Form ADV Part 1A, Item 1, filed 19 March 2026; IAPD firm record","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Bireme Capital?","answer":"Bireme Capital’s main office is at 1201 Seven Locks Road, Suite 360, Rockville, MD 20854. Its phone number is 813-603-2615.","source":"Form ADV Part 1A, Item 1.F, filed 19 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}