Appleton, WI Office

Borger Capital Management LLC is a state‑registered investment adviser formed in 2022 that provides asset and portfolio management, comprehensive financial and retirement planning, insurance planning, cash‑flow analysis, and one‑time consulting to individuals, families, and small business owners. As of January 22, 2026, the firm reported $4,451,025 in discretionary assets under management across roughly 26 client relationships and offers both discretionary and non‑discretionary engagements.

The firm’s investment process blends charting, fundamental, technical, and cyclical analysis and may employ long‑ and short‑term purchases, margin, option writing, and concentrated sector allocations as appropriate to client objectives. A core feature of BCM’s strategies is frequent use of high concentrations in precious‑metals related positions—including mining equities, royalty/streaming companies, bullion trusts and commodity‑linked instruments—which the brochure warns can produce materially different returns and requires a separate Precious Metals Concentration Risk Acknowledgment.

Compared with many supported peers, BCM is small in scale (three advisors, low millions in AUM) yet explicitly structured around a concentrated precious‑metals strategy and related business relationships that can generate separate compensation: the principal devotes a substantial portion of professional time to insurance brokerage through an affiliated marketing organization, and the firm is affiliated with an entity for precious‑metals sales. The brochure also notes recent operational developments—addition of a Chief Compliance Officer, expanded state registration (Florida), and use of Interactive Brokers as custodian with limited fee‑deduction authority—that prospective clients may weigh when comparing advisory arrangements.