Topturn Capital provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers. Financial planning was provided to 11–25 clients last fiscal year.
Topturn Capital reports 106 clients. They include 45 high-net-worth individuals, 38 individual clients and 9 charitable organizations. Of its assets, 89.2% ($167M across 271 accounts) are managed with discretion; $20.2M across 47 accounts are not. It advised 3 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 36% | 11% |
| High-net-worth individuals | 42% | 56% |
| Pension and profit-sharing plans | 6% | 12% |
| Charitable organizations | 8% | 19% |
| Corporations and other businesses | 8% | 2% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 38 | $20.1M | 10.7% | $530K |
| High-net-worth individuals | 45 | $105M | 56.3% | $2.34M |
| Pension and profit-sharing plans | 6 | $21.9M | 11.7% | $3.65M |
| Charitable organizations | 9 | $36.5M | 19.5% | $4.05M |
| Corporations and other businesses | 8 | $3.42M | 1.8% | $428K |
| Total | 106 | $187M | 100% | $1.77M |
- Clients
- 38
- Regulatory AUM
- $20.1M
- AUM share
- 10.7%
- Avg. per client
- $530K
- Clients
- 45
- Regulatory AUM
- $105M
- AUM share
- 56.3%
- Avg. per client
- $2.34M
- Clients
- 6
- Regulatory AUM
- $21.9M
- AUM share
- 11.7%
- Avg. per client
- $3.65M
- Clients
- 9
- Regulatory AUM
- $36.5M
- AUM share
- 19.5%
- Avg. per client
- $4.05M
- Clients
- 8
- Regulatory AUM
- $3.42M
- AUM share
- 1.8%
- Avg. per client
- $428K
Total
- Clients
- 106
- Regulatory AUM
- $187M
- AUM share
- 100%
- Avg. per client
- $1.77M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 3
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 11–25
Topturn Capital charges 0.50%–1.50% a year for its Investment Management and Wealth Management Fee. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning and Consulting
- Financial planning and consulting are fixed fees set by quote and negotiable, generally $5,000 to $10,000 for a six-month project.
Daniel Stewart owns 50% to 75% of Topturn Capital. The leadership team of Topturn Capital includes Chief Investment Officer Daniel Stewart and Chief Compliance Officer Danny Darchuck. It has 5 employees, 4 of them in advisory roles.
Leadership
- Danny DarchuckManaging Member/Chief Compliance Officer
Daniel StewartManaging Member/Chief Investment Officer
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
Staff
- 5 employees
- 4 in advisory functions
- 3 state-registered reps
- 2 insurance agents
- Owns 50% to 75% of Topturn Capital, LLC
Daniel Stewart
Control person · since November 2009
- Owns 50% to 75% of Topturn Capital, LLC
Danny Darchuck
Control person · since November 2009
Topturn Capital’s regulatory assets grew from $151M (February 2021) to $187M (March 2026); clients rose from 87 to 106 and employees from 4 to 5.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $187M | 106 | 5 | 1 |
| March 2025 | $178M | 122 | 4 | 1 |
| March 2024 | $160M | 77 | 4 | 1 |
| March 2023 | $137M | 91 | 4 | 1 |
| March 2022 | $163M | 83 | 4 | 1 |
| February 2021 | $151M | 87 | 4 | 1 |
Besides its headquarters, Topturn Capital has 0 offices, with 1 listed address in California.
California · 1 listed address
- 200 Clock Tower Place, Suite B208, CarmelHQ
Contact and registration details
- Legal name
- Topturn Capital, LLC
- Headquarters
- 200 Clock Tower Place, Suite B208, Carmel, CA 93923
- Website
- topturncapital.com
- Phone
- 831-324-0481
- SEC file
- 801-70572
- Structure
- California LLC
- Fiscal year end
- December
Topturn Capital uses Charles Schwab ($171M) as custodian for its separately managed accounts. Topturn Capital has custody of $37.5M in client assets for 44 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $171M100%
At year end, Topturn Capital’s separately managed accounts were mostly in funds (65%) and stocks (15%).
What the accounts hold
- Stocks15%
- Funds65%
- Bonds12%
- U.S. government and agency bonds9%
- State and local bonds3%
- Cash2%
- Other6%
- Insurance, annuities, crypto, real estate6%
How many clients does Topturn Capital have?
Topturn Capital has 106 clients and manages $187 million for them, as of March 2026. They include 45 high-net-worth individuals, 38 individual clients and 9 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does Topturn Capital offer?
Topturn Capital provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Topturn Capital charge?
Topturn Capital charges 0.50%–1.50% a year for its Investment Management and Wealth Management Fee. The fee is billed in advance and is negotiable.
Which custodians does Topturn Capital use?
Topturn Capital’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $171M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026
How many financial advisors does Topturn Capital have?
Topturn Capital has 3 investment adviser representatives registered with state securities authorities, out of 5 employees, and 4 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Topturn Capital invest in?
At the end of its last fiscal year, Topturn Capital’s separately managed accounts held 65% registered funds (mutual funds, ETFs, BDCs), 15% exchange-traded equities, 9% U.S. government and agency bonds, 6% other, 3% state and local bonds and 2% cash and equivalents. The 6% other category is described as: Insurance, Annuities, Crypto, Real Estate.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Topturn Capital?
Topturn Capital’s direct owners are Daniel Stewart (50% to 75%) and Danny Darchuck (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does Topturn Capital get paid?
Topturn Capital is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Topturn Capital registered with the SEC?
Yes, Topturn Capital has been registered with the SEC as an investment adviser since 15 September 2009. Its CRD number is 151464 and its SEC file number is 801-70572.
Source: Form ADV Part 1A, Item 1, filed 30 March 2026; IAPD firm record
How do I contact Topturn Capital?
Topturn Capital’s main office is at 200 Clock Tower Place, Suite B208, Carmel, CA 93923. Its phone number is 831-324-0481. Its website is topturncapital.com.