# EDGAR Filing Document

**Accession Number:** 0001624437
**File Stem:** 0001624437-23-000001
**Filing Date:** 2023-3
**Character Count:** 13900
**Document Hash:** 2c3daf3f07e464f3077aa1bcc60444b8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001624437-23-000001.hdr.sgml**: 20230403

**ACCESSION NUMBER**: 0001624437-23-000001

**CONFORMED SUBMISSION TYPE**: MA-A

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230330

**DATE AS OF CHANGE**: 20230403

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Porter, White & Company, Inc
- **CENTRAL INDEX KEY:** 0001624437
- **IRS NUMBER:** 630744852
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** MA-A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 867-01199
- **FILM NUMBER:** 23791152

**BUSINESS ADDRESS:**
- **STREET 1:** 15 RICHARD ARRINGTON JR. BLVD NORTH
- **CITY:** BIRMINGHAM
- **STATE:** AL
- **ZIP:** 35203-4103
- **BUSINESS PHONE:** 2052523681

**MAIL ADDRESS:**
- **STREET 1:** 15 RICHARD ARRINGTON JR. BLVD NORTH
- **CITY:** BIRMINGHAM
- **STATE:** AL
- **ZIP:** 35203-4103

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM MA: UNIFORM APPLICATION FOR MUNICIPAL ADVISOR REGISTRATION

### Filer and Contact Information

**Filer CIK:** 0001624437

**Filer CCC:** XXXXXXXX

**Contact Name:** Goodloe White

**Contact Phone:** 205-252-3681

**Contact Email:** ghwhite@pwco.com

**Notification Emails:** plabbe@foreside.com, kathryn@pwco.com

### Type of Filing

**Selected Filing Type:** Annual Update

### Item 1: Identifying Information

**A. Full Legal Name of the Firm:** Porter, White & Company, Inc

**&nbsp;&nbsp;&nbsp;Organization CRD No.:** 7925

**&nbsp;&nbsp;&nbsp;Is applicant a Sole Proprietor?:** No

**&nbsp;&nbsp;&nbsp;Has the municipal legal name changed since the last filing?:** No

**&nbsp;&nbsp;&nbsp;Has the applicant had any previous DBA names?:** No

**&nbsp;&nbsp;&nbsp;Does the applicant have any additional DBA names?:** No

**C. IRS Employer Identification Number:** 63-0744852

**D. Registrations:**

- **Municipal Advisor (Temporary):** SEC File No: 866-00245-00

- **Municipal Advisor:** SEC File No: 867-01199

**E. Principal Office and Place of Business:** 15 RICHARD ARRINGTON JR. BLVD NORTH, Fourth Floor, BIRMINGHAM, AL, 35203-4103

**Telephone Number:** 205-252-3681

**Mailing Address is Different from Principal Office:** No

**F. Website:** www.pwco.com

**G. Chief Compliance Officer (CCO):**

**Name:** Goodloe Herr White

**Titles:** President, CEO

**Address:** 15 Richard Arrington Jr. Blvd North, Fourth Floor, Birmingham, AL, 35203-4103

**Phone Number:** 205-252-3681

**Email:** ghwhite@pwco.com

**H. Business Affiliates:**

- **Name:** Porter White Investment Advisors, Inc.

  - **Issuing Agency:** US Securities and Exchange Commission

  - **Jurisdiction:** 

- **Name:** Porter White Capital, LLC

  - **Issuing Agency:** US Securities and Exchange Commision

  - **Jurisdiction:** 

- **Name:** PWCO Services, Inc.

- **Name:** PW Management Company, Inc.

- **Name:** Porter White Investment Company, LP

- **Name:** Porter White Companies, Inc.

- **Name:** Porter White Capital Advisors, Inc.

**I. Location of Books and Records:** No

### Item 2: Form of Organization

**A. Applicant's form of organization:** Corporation

**B. Month of Applicant's Annual Fiscal Year End:** December

**C. State, Other U.S. Jurisdiction, or Foreign Jurisdiction Under Which Applicant is Organized:** DE

**D. Date of Organization:** 11-03-1975

**E. Is the applicant a public reporting company?:** No

### Item 3: Successions

**Is the applicant succeeding to the business of a registered municipal advisor?** No

### Item 4: Information About Applicant's Business

**A. Number of Employees:** 4

**B. Municipal Advisory Activities - Employees:** 3

**C. Registered Representatives - MAA Employees also registered reps of a broker-dealer:** 3

**&nbsp;&nbsp;&nbsp;MAA Employees also associated with an investment adviser:** 3

**D. Public Relations Company?:** No

**E. Soliciting on Behalf of an Affiliate - Number of firms:** 0

**F. Types of Clients - Number of clients served as municipal advisor:** 7

**&nbsp;&nbsp;&nbsp;Types of Clients:** Municipal Entities, Non-profit organizations

**G. Solicitation of Municipal Entities and Obligated Persons - Municipal Entities:** 0

**&nbsp;&nbsp;&nbsp;Obligated Persons:** 0

**&nbsp;&nbsp;&nbsp;Total Solicited:** 0

**H. Types of Persons Solicited:** 
Not Applicable
, Not Applicable

**I. Compensation Arrangements (Municipal Advisory):** 
Hourly Charges
Fixed Fees
Contingent Fees
, Hourly Charges, Fixed Fees, Contingent Fees

**J. Compensation Arrangements (Solicitation):** 
Not Applicable
, Not Applicable

**K. Does the applicant receive compensation in the context of its municipal advisory business from other than its municipal entity or obligated person clients?:** No

**L. Applicant Business Relating to Municipal Securities:** Advice Insurance Of MS, Advice Investment Of Proceeds MS, Advice ME Investments, Advice ME Other Investments, Advice Guaranteed IC, Advice Use Of MD, Advice On Selection

### Item 5: Other Business Activities

**Is applicant engaged in any other non-municipal advisor business?** Yes

### Item 6: Financial Industry and Other Activities of Associated Persons

**Types of associated persons:** Broker-dealer municipal securities dealer or government securities broker or dealer, Investment Adviser, Lawyer or law firm, Investment Adviser, Broker-dealer municipal securities dealer or government securities broker or dealer, Lawyer or law firm

**Total Associated Persons:** 3

### Item 7: Participation or Interest in Client Transactions

- **Buy or sell municipal securities from or to municipal advisory clients for the firm's own account?:** No

- **Buy or sell municipal securities from or to third-parties on behalf of clients?:** No

- **Enter into derivatives transactions with clients for the firm's own account?:** No

- **Recommend to clients to buy/sell securities in which the firm has a financial interest?:** No

- **Recommend to clients products/services of an affiliated person?:** No

- **Recommend to clients securities of an issuer with which the firm has other relationships?:** No

- **Have discretionary authority to buy/sell municipal securities for clients?:** No

- **Have discretionary authority to buy/sell any other securities or investments for clients?:** No

- **Have discretionary authority to determine the broker-dealer to be used for client transactions?:** No

- **Have discretionary authority to determine the commission paid to a broker-dealer?:** No

- **Recommend broker-dealers to clients?:** Yes

- **&nbsp;&nbsp;&nbsp;If yes, are any of these broker-dealers an associated person of the applicant?:** No

- **Compensate any person for client referrals?:** No

- **Receive compensation from any person for client referrals?:** No

### Item 8: Owners, Officers, and Other Control Persons

**A. (2) Does any person not named in Item 1-A or Schedules A, B, or C, directly or indirectly, control the applicant's management or policies?** No

**B. (1) Is any person in Schedule A, B, or C, or in Section 8-A of Schedule D a public reporting company?** No

### Item 9: Disclosure Information

**Criminal Disclosure:**

- **Applicant/Advisory Affiliate Convicted/Pled Guilty to Felony?:** No

- **Applicant/Advisory Affiliate Charged with Felony?:** No

- **Organization Convicted/Pled Guilty to Felony?:** No

- **Organization Charged with Felony?:** No

**Regulatory Disclosure:**

- **SEC/CFTC Found False Statement?:** No

- **SEC/CFTC Found Violation?:** No

- **SEC/CFTC Found Cause of Denial/Suspension?:** No

- **SEC/CFTC Entered Order?:** No

- **SEC/CFTC Imposed Civil Penalty?:** No

- **SRO Found Unethical Conduct?:** No

- **SRO Found Violation?:** No

- **SRO Found Cause of Denial/Suspension?:** No

- **SRO Barred/Suspended/Fined > $2,500?:** No

- **SRO Denied/Suspended/Revoked Registration?:** Yes

- **Foreign Authority Found False Statement?:** No

- **Foreign Authority Found Violation?:** Yes

- **Foreign Authority Found Cause of Suspension?:** No

- **Foreign Authority Disciplined?:** No

- **Authorization to Act as Attorney/Accountant Revoked?:** No

- **Subject of a Regulatory Complaint?:** No

**Civil Disclosure:**

- **Enjoined in Connection with Municipal Advisory Activity?:** No

- **Found to Have Violated Regulations?:** No

- **Civil Proceeding Dismissed Pursuant to Settlement?:** No

- **Named in Civil Proceeding Alleging Violation?:** No

### Item 10: Small Businesses

**Does the applicant have annual receipts of less than $7,000,000?** Yes

**Is the applicant affiliated with a person that has annual receipts of more than $7,000,000?** No

### Schedule A: Direct Owners and Executive Officers

| Name                         | Title/Status                                | Date Acquired   | Ownership Code    | Control Person?   | IRS Number   | CRD Number   |
|:---|:---|:---|:---|:---|:---|:---|
| Porter White Companies, Inc. | Sole Shareholder                            | 05-22-1984      | E - 75% or more   | Yes               |  |  |
| Charles Kennedy Porter       | Director/EVP                                | 09-26-1995      | NA - less than 5% | Yes               |  | 1277023      |
| Goodloe Herr White           | President, CEO and Chief Compliance Officer | 09-11-2017      | NA - less than 5% | Yes               |  | 2929235      |
| James Herbert White          | Director/Chairman                           | 01-02-2019      | NA - less than 5% | Yes               |  | 465104       |

### Schedule B: Indirect Owners

| Owning Entity                | Name                   | Title/Status                  | Date Acquired   | Ownership Code                                          | Control Person?   |
|:---|:---|:---|:---|:---|:---|
| Porter White Companies, Inc. | James Herbert White    | Shareholder/Director/Chairman | 09-26-1995      | E - 75% or more                                         | Yes               |
| Porter White Companies, Inc. | Charles Kennedy Porter | Shareholder/ Director/EVP     | 09-26-1995      | F - Other (general partner, trustee, or elected member) | Yes               |
| Porter White Companies, Inc  | Goodloe Herr White     | Shareholder, Director, CEO    | 01-01-2014      | F - Other (general partner, trustee, or elected member) | Yes               |

### Schedule C: Amendments to Schedules A and B

| Type   | Ownership   | Owning Entity                | Name                         | Title/Status                                | Date Acquired   | Ownership Code                                          | Control Person?   | IRS Number   | CRD Number   |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Direct      |  | Porter White Companies, Inc. | Sole Shareholder                            | 05-22-1984      | E - 75% or more                                         | Yes               |  |  |
|  | Direct      |  | Charles Kennedy Porter       | Director/EVP                                | 09-26-1995      | NA - less than 5%                                       | Yes               |  | 1277023      |
|  | Direct      |  | Goodloe Herr White           | President, CEO and Chief Compliance Officer | 09-11-2017      | NA - less than 5%                                       | Yes               |  | 2929235      |
|  | Direct      |  | James Herbert White          | Director/Chairman                           | 01-02-2019      | NA - less than 5%                                       | Yes               |  | 465104       |
|  | Indirect    | Porter White Companies, Inc. | James Herbert White          | Shareholder/Director/Chairman               | 09-26-1995      | E - 75% or more                                         | Yes               |  | 465104       |
|  | Indirect    | Porter White Companies, Inc. | Charles Kennedy Porter       | Shareholder/ Director/EVP                   | 09-26-1995      | F - Other (general partner, trustee, or elected member) | Yes               |  | 1277023      |
|  | Indirect    | Porter White Companies, Inc  | Goodloe Herr White           | Shareholder, Director, CEO                  | 01-01-2014      | F - Other (general partner, trustee, or elected member) | Yes               |  | 2929235      |

### Disclosure Reporting Pages (DRPs)

**Regulatory DRP for: Applicant (Responding to Questions: 9-D5)**

- **Filed On (Applicant):** Form ADV/BD/U4 for Porter, White & Company, Inc.

- **CRD Number:** 7925

- **Disclosure Number:** LR-960

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for Porter, Whiite & Company, Inc.

- **CRD Number:** 7925

- **Disclosure Number:** NEW-758-AWC

**Regulatory DRP for: Applicant and Associated Person (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for Porter, White & Company, Inc.

- **CRD Number:** 7925

- **Disclosure Number:** NEW-535-AWC

  - **Associated Person:** James Herbert White

  - **CRD Number:** 465104

  - **Filed On (AP):** Form ADV/BD/U4 for Porter White & Company

  - **Disclosure Number:** NEW-535-AWC

**Regulatory DRP for: Applicant (Responding to Questions: 9-D5)**

- **Filed On (Applicant):** Form ADV/BD/U4 for Porter, White & Company, Inc.

- **CRD Number:** 7925

- **Disclosure Number:** NONE

**Regulatory DRP for: Applicant and Associated Person (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for Porter, White & Company, Inc.

- **CRD Number:** 7925

- **Disclosure Number:** NEW-434-AWC

  - **Associated Person:** James Herbert White

  - **CRD Number:** 465104

  - **Filed On (AP):** Form ADV/BD/U4 for James Herbert White

  - **Disclosure Number:** NEW-434-AWC

### Execution Page

**Signature:** James White III

**Signer Name:** James White III

**Title:** Director

**Date:** 03-30-2023

**CRD Number:** 465104