{"url":"https://nivawealth.com/firms/tam-capital-management-155271","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/155271","regulatoryAum":111712704,"crd":"155271","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"5856634","suffix":null,"lastName":"MISHAL","firstName":"TSEMACH","middleName":"AARON"}],"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":"2022-04-06","regulatoryAum":107434000,"clients":25,"employees":1,"offices":1},{"filedOn":"2023-03-21","regulatoryAum":122821603,"clients":28,"employees":1,"offices":1},{"filedOn":"2024-03-20","regulatoryAum":132117238,"clients":21,"employees":1,"offices":1},{"filedOn":"2025-03-19","regulatoryAum":129286325,"clients":23,"employees":1,"offices":1},{"filedOn":"2026-04-07","regulatoryAum":111712704,"clients":23,"employees":1,"offices":1}],"secFileNumber":"801-123716","legalName":"Tam Capital Management Inc","displayName":"Tam Capital Management","slug":"tam-capital-management-155271","website":null,"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"New York corporation","fiscalYearEnd":"December","headquarters":{"street":"","city":"","state":"","stateName":"","country":"","postalCode":null},"tradeNames":[],"registration":{"secApproved":"15 April 2022","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":1,"advisory":1,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":111712704,"discretionary":111712704,"discretionaryAccounts":27,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":4,"nonAumClients":27},"clientTypes":[{"label":"Individuals (other than HNW)","clients":null,"fewerThan5":true,"regulatoryAum":406332},{"label":"High-net-worth individuals","clients":14,"regulatoryAum":92174147},{"label":"Corporations and other businesses","clients":9,"regulatoryAum":19132225}],"feePrograms":[],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T14:13:01.941527+00:00","documents":[{"name":"ADV FORM 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1040519","versionId":1040519,"submittedOn":"2026-04-07"},{"name":null,"status":"not_downloaded","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=264461","versionId":264461,"submittedOn":null}]},"custodians":[{"name":"Interactive Brokers Corp.","shortName":"Interactive Brokers","location":"Greenwich, CT","smaAssets":125985526}],"custodyNote":"Tam Capital Management does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Tsemach Mishal","title":"Managing Member/Chief Compliance Officer","crd":"5856634"}],"ownership":[{"label":"Tsemach Mishal","detail":"Managing member/chief compliance officer in the 75% or more ownership band and a control person, since October 2010."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"917-567-3923","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 businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":100},{"label":"Derivatives","percent":1}],"privateFunds":0},"sources":{"adv1FilingDate":"7 April 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/155271/PDF/155271.pdf","brochureDate":"7 April 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1040519","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 Tam Capital Management have?","answer":"Tam Capital Management has 23 clients and manages $112 million for them, as of April 2026. They include 14 high-net-worth individuals and 9 corporations and other businesses.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 7 April 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Tam Capital Management offer?","answer":"Tam Capital Management provides portfolio management for individuals and small businesses and portfolio management for institutions.","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 Tam Capital Management use?","answer":"Tam Capital Management’s separately managed account assets are held at Interactive Brokers Corp. (Greenwich, CT), with $126M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 7 April 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Tam Capital Management have?","answer":"Tam Capital Management has 1 investment adviser representative registered with state securities authorities, out of 1 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 Tam Capital Management invest in?","answer":"At the end of its last fiscal year, Tam Capital Management’s separately managed accounts held 100% exchange-traded equities and 1% derivatives.","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 Tam Capital Management?","answer":"Tam Capital Management’s direct owner is Tsemach Mishal (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 7 April 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Tam Capital Management get paid?","answer":"Tam Capital Management 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 Tam Capital Management?","answer":"Its phone number is 917-567-3923.","source":"Form ADV Part 1A, Item 1.F, filed 7 April 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."}