{"url":"https://nivawealth.com/firms/topturn-capital-151464","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/151464","regulatoryAum":187362358,"crd":"151464","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"1241982","suffix":"JR","lastName":"DARCHUCK","firstName":"DANNY","middleName":"NMN"},{"crd":"6062116","suffix":null,"lastName":"LEE","firstName":"DEREK","middleName":"MAKOTO"},{"crd":"3220485","suffix":null,"lastName":"STEWART","firstName":"DANIEL","middleName":"GREGORY"}],"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":"2021-02-24","regulatoryAum":150947646,"clients":87,"employees":4,"offices":1},{"filedOn":"2022-03-28","regulatoryAum":163243000,"clients":83,"employees":4,"offices":1},{"filedOn":"2023-03-29","regulatoryAum":137339000,"clients":91,"employees":4,"offices":1},{"filedOn":"2024-03-27","regulatoryAum":160024000,"clients":77,"employees":4,"offices":1},{"filedOn":"2025-03-27","regulatoryAum":178358890,"clients":122,"employees":4,"offices":1},{"filedOn":"2026-03-30","regulatoryAum":187362358,"clients":106,"employees":5,"offices":1}],"secFileNumber":"801-70572","legalName":"Topturn Capital, LLC","displayName":"Topturn Capital","slug":"topturn-capital-151464","website":"https://topturncapital.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/151464/f10e1ece1bbcf49a-r1.webp","tone":"light","width":886,"height":200,"sourceUrl":"https://topturncapital.com/","sourceLabel":"Topturn Capital, LLC, website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"xUrl":"https://twitter.com/topturncapital","founded":null,"organization":"California limited liability company","fiscalYearEnd":"December","headquarters":{"street":"200 Clock Tower Place, Suite B208","city":"Carmel","state":"CA","stateName":"California","country":"United States","postalCode":"93923"},"tradeNames":[],"registration":{"secApproved":"15 September 2009","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1512630.8674698796,"staff":{"employees":5,"advisory":4,"brokerDealerReps":0,"insuranceAgents":2,"promoters":0},"aum":{"regulatory":187362358,"discretionary":167145477,"discretionaryAccounts":271,"nonDiscretionary":20216881,"nonDiscretionaryAccounts":47,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":3},"clientTypes":[{"label":"Individuals (other than HNW)","clients":38,"regulatoryAum":20132561},{"label":"High-net-worth individuals","clients":45,"regulatoryAum":105415801},{"label":"Pension and profit-sharing plans","clients":6,"regulatoryAum":21924546},{"label":"Charitable organizations","clients":9,"regulatoryAum":36466338},{"label":"Corporations and other businesses","clients":8,"regulatoryAum":3423112}],"feePrograms":[{"role":"main","program":"Investment Management and Wealth Management Fee","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1033296","versionId":1033296,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-03-30","documentName":"TOPTURN CAPITAL - ADV 2A","fee_rate_low":0.5,"fee_rate_high":1.5,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial Planning and Consulting","summary":"Financial planning and consulting are fixed fees set by quote and negotiable, generally $5,000 to $10,000 for a six-month project.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1033296","versionId":1033296,"submittedOn":"2026-03-30","documentName":"TOPTURN CAPITAL - ADV 2A"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T14:00:08.712035+00:00","documents":[{"name":"TOPTURN CAPITAL - ADV 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1033296","versionId":1033296,"submittedOn":"2026-03-30"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":171098952}],"custodyNote":"Topturn Capital has custody of $37.5M in client assets for 44 clients.","leadership":[{"name":"Danny Darchuck","title":"Managing Member/Chief Compliance Officer","crd":"1241982"},{"name":"Daniel Stewart","title":"Managing Member/Chief Investment Officer","crd":"3220485"}],"ownership":[{"label":"Daniel Stewart","detail":"Managing member/chief investment officer in the 50% to 75% ownership band and a control person, since November 2009."},{"label":"Danny Darchuck","detail":"Managing member/chief compliance officer in the 50% to 75% ownership band and a control person, since November 2009."}],"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"200 Clock Tower Place, Suite B208","city":"Carmel","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"831-324-0481","stateRegisteredReps":3,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"11-25","assetMix":[{"label":"Exchange-traded equity securities","percent":15},{"label":"U.S. government/agency bonds","percent":9},{"label":"U.S. state and local bonds","percent":3},{"label":"Securities issued by registered investment companies or business development companies","percent":65},{"label":"Cash and cash equivalents","percent":2},{"label":"Other","percent":6,"detail":"Insurance, Annuities, Crypto, Real Estate"}],"privateFunds":0},"sources":{"adv1FilingDate":"30 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/151464/PDF/151464.pdf","brochureDate":"30 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1033296","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 Topturn Capital have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Topturn Capital offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Topturn Capital charge?","answer":"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.","source":"TOPTURN CAPITAL - ADV 2A, filed 30 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Topturn Capital use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Topturn Capital have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Topturn Capital invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Topturn Capital?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Topturn Capital get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is Topturn Capital registered with the SEC?","answer":"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","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact Topturn Capital?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 30 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."}