An individualized portfolio solution.

Working with Bireme is simple and easy.

Do you want one company to handle your entire investment portfolio? We'll build you a complete and diversified portfolio through personalized exposure to our five proprietary strategies. We tailor your portfolio to meet your investment philosophy, risk tolerance, and time horizon.

Do you want to parcel out portions of your investment portfolio to different managers? You can pick and choose which of our strategies make the most sense for you.

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We're professional investors.

Many other wealth managers are primarily salesmen. Their expertise and focus is on gathering assets, rather than on generating outstanding investment returns. That's not who you want running your investment portfolio.

Wealth managers are experts in relationship management, not investment management.

- Forbes

At Bireme, we put investing first. We have 14+ years of collective hedge fund experience, where we developed and deployed sophisticated investment strategies and honed our investing skills. We bring that hedge fund mentality and experience, and those sophisticated strategies, to Bireme's wealth management.

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Separately managed accounts.

At Bireme, we use separately managed accounts. You own all your investments, in your brokerage account, in your name.

In contrast, hedge funds and mutual funds are pooled vehicles. Your money is commingled with the money of other investors. Pooled vehicles come with real drawbacks and dangers. For example, one study of private equity funds found that managers inflated the valuations of their investments during fund-raising, misleading potential investors.¹ The SEC has also stated that funds mishandle fees and expenses over 50% of the time.²

Our proprietary strategies deliver the highest level of investment sophistication with the simplicity and safety of separately managed accounts. This setup offers our investors the greatest possible control, transparency, and liquidity.​

Control

You retain all control over your account. Bireme has discretionary trading authority only.

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​Don't let anyone else own your assets. This always comes with hidden risks.

Transparency

You can see account equity, holdings, and trades in real-time.

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Don't wait months to find out how your investments are doing. Don't be left wondering what assets your manager owns, or how much they are really worth.

Liquidity

It's your account, so you can withdraw money at any time should you need access to your funds. You'll be invested in only liquid, publicly-traded stocks and ETFs.

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Don't be subject to long periods without access to your money. Gating allows fund managers to lock up your investments for months or even years when their strategy goes south. Even mutual funds can be gated.

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Our results.

​Results speak for themselves. We seek long-term outperformance for our clients. By comparing client returns to benchmarks, we hold ourselves to a tough and transparent standard. Does your wealth manager do the same?

Returns since inception

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Dynamic allocation.

Stocks gained 431% during the '90s. Then they lost 9% during the 2000s. That's a big difference. Yet many wealth managers recommend the same allocation to stocks every year, no matter what the likely future returns. Does that make sense?

Dynamic allocation

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Unique strategies.

We're excited about our proprietary investment strategies that cover a wide variety of asset classes. We offer a mix of modern, algorithmic strategies, and tried-and-true, qualitative ones. Choose the strategies that best suit you.

Our strategies

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Unconflicted advice.

Hidden fees and kickbacks are rampant in the wealth management industry. The CEA finds that conflicted advice costs investors billions of dollars every year. Don't settle for conflicted advice.

Incentive alignment

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Active management.

There's no question: active management is out of favor. Investment dollars are piling into passively managed funds. Find out why that's a good thing for active managers, and why Bireme clients are perfectly positioned to take advantage of this opportunity.

Why active management?

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Asset allocation and active management for one low fee.

We offer a completely hands-off investment experience for our clients, with dynamic asset allocation, diversification, and our proprietary active strategies, all in a separately managed account. And we do it all for one low fee.

We charge a 1% management fee and a 10% performance fee.³ This is lower on average than other active management options, such as hedge funds, or wealth managers who invest you in mutual funds and ETFs, even though they likely aren't offering all of our features.

Chart details.

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Example fees

We compare our fees to two different cases.

Wealth manager and mutual funds

To get a completely hands-off, active investment experience similar to Bireme, you usually need to pay two levels of fees. You need to pay a wealth manager to get their asset allocation expertise, and a fund manager to get their investing expertise. ​Your wealth manager decides how much of your portfolio to invest in each asset class based on the its investment prospects and your financial situation, and which fund managers to invest with. You'll pay your wealth manager an average management fee of 1.02%¹, and you'll pay another .78%² to the active mutual fund and ETF managers he chooses. You'll likely get a separately managed account, but the mutual fund and ETF strategies aren't as likely to be value-added or have the diversification benefits of hedge funds.

Hedge funds

You could invest in hedge funds if you were interested in the purported outperformance and diversification benefits that hedge funds offer. Let's assume you did all the asset allocation and fund due diligence yourself to save on the costs of a wealth manager, and you invested in a 2015 vintage, unproven hedge fund to save on the higher fees charged by established ones. You'd still pay an average of 1.7% management and 14.7% performance fees³. You'll get the benefits of hedge funds, but you'll pay very high fees, and you won't get asset allocation expertise or a separately managed account.

Bireme

We own ETFs as part of two of our strategies. For a fair comparison, we assumed a 20% allocation to each, and added those ETF expenses (.12%) to our fees.

¹Average management fee for a $1 million account at a fee-only wealth manager according to Advisory HQ.
²Average asset-weighted expense ratio for active mutual funds and ETFs according to Morningstar.
³Average fees for 2015 vintage hedge funds according to Eurekahedge.

At Bireme, we think we'll generate better returns than our competitors, and we'll do it for lower fees. We think this powerful combination will deliver outsized after-fee returns for our clients.

​​Get access to all of our hedge-fund-quality strategies at wealth-manager-level fees.

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Ongoing support.

As a Bireme client, you'll receive substantial ongoing support. 

We'll send you simple, easy-to-understand notices any time advisory fees are deducted from your account. As opposed to other advisors who make money from kickbacks and other conflict-ridden sources, every dollar of Bireme's revenue comes from our transparent advisory fees. You always know exactly what you are paying, and why you are paying it. 

We'll hold periodic meetings with you. At these meetings, we'll go over your portfolio as well as any questions or concerns you might have. We'll reassess your financial situation so we always know the optimal way to structure your portfolio.

Every quarter, you'll receive a customized report. Within, we'll discuss some of our biggest new investments in detail to help you understand how your money is invested. We'll discuss returns to our strategies versus their benchmarks to give you a sense of the broader market forces driving returns. You'll also see your dynamic allocation bands and the current target allocation for each of our strategies.

The quarterly report also includes your total account returns after all costs and accrued fees. The report compares this return to a unique synthetic benchmark designed just for you. Your synthetic benchmark serves as a hypothetical proxy for the performance of your investment portfolio had you not invested with Bireme. By comparing the performance of your account to the performance of your synthetic benchmark, we allow you to objectively assess Bireme's added value. View our returns here.

Does your current wealth manager show your account performance and an appropriate benchmark side-by-side? If not, you should be concerned that he doesn't want you to make that comparison. By using synthetic benchmarks at Bireme, we hold ourselves to a tough and transparent standard. We think others should too. 

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¹ Jenkinson et al study "How Fair are the Valuations of Private Equity Funds?"
​² Andrew J. Bowden (Director, SEC Office of Compliance Inspections and Examinations) speech "Spreading Sunshine in Private Equity."
​³ Bireme charges a 1% management fee and a 10% performance fee for qualified clients. We prefer to charge performance fees to better align our incentives with our clients' interests, but SEC rules only permit advisors to charge performance fees to certain clients. For clients who aren't qualified, we charge a 1.75% management fee with no performance fee, which we view as roughly equivalent in expectation.