{"url":"https://nivawealth.com/firms/birnam-wood-capital-269897","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/269897","regulatoryAum":106127018,"crd":"269897","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"5546682","suffix":null,"lastName":"DURHAM","firstName":"CHARLES","middleName":"W"}],"total":1,"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":"2021-02-03","regulatoryAum":121916019,"clients":46,"employees":2,"offices":1},{"filedOn":"2022-02-17","regulatoryAum":145441369,"clients":48,"employees":2,"offices":1},{"filedOn":"2023-03-22","regulatoryAum":107966478,"clients":46,"employees":3,"offices":1},{"filedOn":"2024-03-11","regulatoryAum":105512301,"clients":54,"employees":2,"offices":1},{"filedOn":"2025-02-11","regulatoryAum":107516599,"clients":53,"employees":2,"offices":1},{"filedOn":"2026-09-23","regulatoryAum":106127018,"clients":51,"employees":2,"offices":1}],"secFileNumber":"801-118151","legalName":"Birnam Wood Capital, LLC","displayName":"Birnam Wood Capital","slug":"birnam-wood-capital-269897","website":"https://birnamwood-capital.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Texas limited liability company","fiscalYearEnd":"December","headquarters":{"street":"3963 Maple Avenue, Suite 300","city":"Dallas","state":"TX","stateName":"Texas","country":"United States","postalCode":"75219"},"tradeNames":[],"registration":{"secApproved":"28 February 2020","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1398268.8235294118,"staff":{"employees":2,"advisory":1,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":106127018,"discretionary":0,"discretionaryAccounts":0,"nonDiscretionary":106127018,"nonDiscretionaryAccounts":54,"wrapProgram":106127018,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"High-net-worth individuals","clients":51,"regulatoryAum":71311710},{"label":"Charitable organizations","clients":null,"fewerThan5":true,"regulatoryAum":31954868},{"label":"Corporations and other businesses","clients":null,"fewerThan5":true,"regulatoryAum":2860440}],"feePrograms":[{"role":"main","program":"Comprehensive Portfolio Management","feeBasis":"ceiling","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1036806","versionId":1036806,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-03-31","documentName":"BIRNAM WOOD CAPITAL ADV PART 2","fee_rate_low":null,"fee_rate_high":1.25,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T15:14:08.450873+00:00","documents":[{"name":"BIRNAM WOOD CAPITAL ADV PART 2","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1036806","versionId":1036806,"submittedOn":"2026-03-31"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":31928523},{"name":"Inspira Financial","shortName":"Inspira Financial","location":"Oak Brook, IL","smaAssets":157951}],"custodyNote":"Birnam Wood Capital has custody of $9.69M for 16 clients.","otherCustodians":[],"leadership":[{"name":"Charles Durham","title":"Chief Executive Officer and Chief Compliance Officer","crd":"5546682"}],"ownership":[{"label":"Charles Durham","detail":"Chief executive officer and chief compliance officer in the 75% or more ownership band and a control person, since June 2015."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Texas","offices":1,"addresses":[{"street":"3963 Maple Avenue, Suite 300","city":"Dallas","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"214-935-3707","stateRegisteredReps":1,"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","Selection of other advisers (including private fund managers)"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":24},{"label":"U.S. government/agency bonds","percent":1},{"label":"U.S. state and local bonds","percent":2},{"label":"Securities issued by registered investment companies or business development companies","percent":4},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":70},{"label":"Cash and cash equivalents","percent":1}],"privateFunds":0},"sources":{"adv1FilingDate":"23 September 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/269897/PDF/269897.pdf","brochureDate":"31 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1036806","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Birnam Wood Capital have?","answer":"Birnam Wood Capital has 51 clients and manages $106 million for them, as of September 2026. They include 51 high-net-worth individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 23 September 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Birnam Wood Capital offer?","answer":"Birnam Wood Capital provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, and selecting other managers.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Birnam Wood Capital charge?","answer":"Birnam Wood Capital charges up to 1.25% a year for its Comprehensive Portfolio Management. The fee is billed in advance and is negotiable.","source":"BIRNAM WOOD CAPITAL ADV PART 2, filed 31 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Birnam Wood Capital use?","answer":"Birnam Wood Capital’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $31.9M and Inspira Financial (Oak Brook, IL), with $158K. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 23 September 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Birnam Wood Capital have?","answer":"Birnam Wood Capital has 1 investment adviser representative registered with state securities authorities, out of 2 employees, and 1 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 Birnam Wood Capital invest in?","answer":"At the end of its last fiscal year, Birnam Wood Capital’s separately managed accounts held 70% pooled vehicles (private funds and similar), 24% exchange-traded equities, 4% registered funds (mutual funds, ETFs, BDCs), 2% state and local bonds, 1% U.S. government and agency bonds and 1% cash and equivalents.","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 Birnam Wood Capital?","answer":"Birnam Wood Capital’s direct owner is Charles Durham (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 23 September 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Birnam Wood Capital get paid?","answer":"Birnam Wood 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":"How do I contact Birnam Wood Capital?","answer":"Birnam Wood Capital’s main office is at 3963 Maple Avenue, Suite 300, Dallas, TX 75219. Its phone number is 214-935-3707. Its website is birnamwood-capital.com.","source":"Form ADV Part 1A, Item 1.F, filed 23 September 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."}