London House Capital

London House Capital (a DBA of Birkbeck Capital, LLC) is a solo registered investment adviser that provides ongoing portfolio management and institutional consulting to individuals — including high-net-worth clients — as well as institutional clients. The firm prepares an individualized Investment Policy Statement for each client and typically operates with discretionary authority to implement and monitor portfolios.

The firm’s stated methods of analysis include fundamental, technical and cyclical approaches, and its stated investment strategies extend beyond buy-and-hold equity and mutual funds to include short-term trading, short sales, margin transactions and options writing. Accounts are custodially held (the brochure names a national custodian) and reviewed at least biannually, with regular client reporting provided through the custodian.

What is noteworthy for a one-advisor independent firm is the brochure’s treatment of performance-based fees: one section describes the ability to offer performance-fee arrangements under Rule 205-3, while a later section states the firm does not accept performance-based fees, an inconsistency prospective clients may want clarified. The combination of a relatively active/derivatives-capable trading program, a client mix that includes institutional engagements, and disclosure that the principal has a non-investment business activity (under five hours per week) are additional details that differentiate this firm from many small RIAs.