{
  "crd_number": 110876,
  "slug": "porter-white-investment-advisors-inc-birmingham-al-110876",
  "primary_business_name": "PORTER WHITE INVESTMENT ADVISORS, INC.",
  "legal_name": "PORTER WHITE INVESTMENT ADVISORS, INC.",
  "dbas": [
    "PORTER, WHITE & COMPANY"
  ],
  "city": "Birmingham",
  "state": "AL",
  "country": "United States",
  "cbsa_code": "13820",
  "metro": {
    "cbsa_code": "13820",
    "common_name": "Birmingham",
    "msa_name": "Birmingham, AL",
    "path": "/advisors/al/birmingham"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2005-05-12",
  "years_registered": 21,
  "period": "2026-10-01",
  "filing_date": "2026-04-10",
  "carried_forward": false,
  "raum_total": 748210174.0,
  "raum_discretionary": 734390859.0,
  "raum_non_discretionary": 13819315.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 7,
  "advisory_employees": 5,
  "client_count_bucket": null,
  "clients_by_type": {
    "charitable": {
      "raum": 127752671.0,
      "count": 12
    },
    "individuals": {
      "raum": 1498345.0,
      "count": 10
    },
    "pension_profit_sharing": {
      "raum": 98558065.0,
      "count": 8
    },
    "high_net_worth_individuals": {
      "raum": 504313701.0,
      "count": 80
    },
    "corporations_other_businesses": {
      "raum": 16087392.0,
      "count": 4
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AL"
  ],
  "websites": [
    "https://linkedin.com/COMPANY/PORTER-WHITE-&-COMPANY",
    "https://pwco.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/110876",
  "city_as_filed": "BIRMINGHAM",
  "url": "https://advisorcensus.com/firm/porter-white-investment-advisors-inc-birmingham-al-110876",
  "display_name": "Porter White Investment Advisors, Inc.",
  "summary": "Porter White Investment Advisors, Inc. is an SEC-registered investment advisory firm in Birmingham, AL, registered since 2005, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated April 10, 2026.",
  "citation": "AdvisorCensus. Porter White Investment Advisors, Inc. (CRD 110876): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "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)"
  ],
  "quick_answers": [
    {
      "q": "How is Porter White Investment Advisors, Inc. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Porter White Investment Advisors, Inc. reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "Where is Porter White Investment Advisors, Inc. located?",
      "a": "Porter White Investment Advisors, Inc.'s principal office is in Birmingham, AL, according to its Form ADV."
    },
    {
      "q": "Is Porter White Investment Advisors, Inc. registered with the SEC or a state?",
      "a": "Porter White Investment Advisors, Inc. is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 110876."
    },
    {
      "q": "How much does Porter White Investment Advisors, Inc. manage?",
      "a": "Porter White Investment Advisors, Inc. reports $748,210,174 in regulatory assets under management in its Form ADV filing dated April 10, 2026 (98% discretionary)."
    },
    {
      "q": "How have Porter White Investment Advisors, Inc.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Porter White Investment Advisors, Inc.: Regulatory assets under management: $517,210,258 in the October 2021 data and $748,210,174 in the October 2026 data, up 45%. Total employees: 10 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Porter White Investment Advisors, Inc. serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (80); charitable organizations (12); individuals (other than high net worth individuals) (10)."
    },
    {
      "q": "Which custodians does Porter White Investment Advisors, Inc. use?",
      "a": "Porter White Investment Advisors, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists National Financial Services LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Porter White Investment Advisors, Inc. report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/110876"
    },
    {
      "q": "Does Porter White Investment Advisors, Inc. state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated April 10, 2026 says: \"In general, we require a minimum of $1,000,000 to open and maintain an advisory account. At our discretion, we may waive this minimum account size.\""
    },
    {
      "q": "What changed in Porter White Investment Advisors, Inc.'s recent Form ADV filings?",
      "a": "In the March 2026 filing data: Employees performing advisory functions went from 6 to 5."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 517210258.0,
      "total_employees": 10,
      "filing_date": "2021-04-13"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 632917434.0,
      "total_employees": 8,
      "filing_date": "2022-03-22"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 640659372.0,
      "total_employees": 9,
      "filing_date": "2023-10-04"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 707318928.0,
      "total_employees": 8,
      "filing_date": "2024-07-19"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 712125120.0,
      "total_employees": 7,
      "filing_date": "2025-03-14"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 748210174.0,
      "total_employees": 7,
      "filing_date": "2026-04-10"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Employees performing advisory functions went from 6 to 5."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated April 10, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$1,000,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "In general, we require a minimum of $1,000,000 to open and maintain an advisory account. At our discretion, we may waive this minimum account size."
        ]
      }
    ],
    "quotes": [
      "In general, we require a minimum of $1,000,000 to open and maintain an advisory account. At our discretion, we may waive this minimum account size."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "National Financial Services LLC",
      "name_as_filed": "NATIONAL FINANCIAL SERVICES LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/porter-white-investment-advisors-inc-birmingham-al-110876.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 10,
      "fewer_than_5": false,
      "raum": 1498345.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 80,
      "fewer_than_5": false,
      "raum": 504313701.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 8,
      "fewer_than_5": false,
      "raum": 98558065.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 12,
      "fewer_than_5": false,
      "raum": 127752671.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 4,
      "fewer_than_5": false,
      "raum": 16087392.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/110876",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}