Birch Run Capital Advisors, LP (New York)


Birch Run Capital Advisors, LP is a large advisory firm based in New York. It manages $326.24 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of New York.

Birch Run Capital Advisors provides portfolio management for individuals and small businesses and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Birch Run Capital Advisors: assets under management

The assets under management (AUM) of Birch Run Capital Advisors, LP is $326.24 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -34% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $326.24 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $108.75 million each.
Birch Run Capital Advisors has custody of $326.24 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Birch Run Capital Advisors, LP for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Birch Run Capital Advisors serves?

The only and largest group of clients of Birch Run Capital Advisors is pooled investment vehicles with 3 clients and $326.24 million of assets under management. Among the 6 most similar advisory firms, Birch Run Capital Advisors has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $326.24 million for 3 clients. None of the firm’s clients are foreign persons or businesses.

Birch Run Capital Advisors also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Birch Run Capital Advisors, LP

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Daniel Gordon Beltzman Manager 1 May 2006 50% - 75% 3170715
Gregory Howard Smith Manager 1 May 2006 50% - 75% 3170511
Caren Abramovich Chief compliance officer 1 Sep 2011 Other 6005886

Indirect Owners

The SEC currently registers 3 indirect owners.

Name Entity Date acquired Ownership Employer ID
Llc Brc Advisors Gp General partner 1 Dec 2013 Other 46-4373236
Daniel Gordon Beltzman Manager 1 Dec 2013 Other 3170715
Gregory Howard Smith Manager 1 Dec 2013 Other 3170511

Based in New York

The principal office where Birch Run Capital Advisors, LP performs its advisory services is located at 1350 Broadway, New York, NY 10018, which is also the mailing address of the firm. An additional office of the firm is in Tiburon, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-433-1980 or by fax 646-751-8476. The normal business hours are 8:00 a.m. - 6:00 p.m. on Monday - Friday.