Invariant Investment Management

Invariant Investment Management LLC is a registered investment adviser founded in August 2013 and owned by Seth Arbogast, David Borowsky, Gary Smith, and Jonathan Turner. The firm offers portfolio management services, financial planning services, and subadvisory services. Portfolio management services include investment strategy recommendations, asset allocation, and ongoing portfolio monitoring on a discretionary or non-discretionary basis. Financial planning services encompass various analyses and recommendations related to financial goals. The firm acts as a fiduciary for retirement accounts, ensuring advice is in the client's best interest. Invariant Investment Management LLC charges fees based on assets under management or fixed fees, with a standard annual fee of 1.50%. The firm does not accept performance-based fees and serves individuals, high-net-worth individuals, trusts, and more, without a minimum account value requirement. Investment strategies involve fundamental and technical analysis, cyclical analysis, and modern portfolio theory, with risks detailed in the brochure. The firm does not participate in wrap fee programs and discloses potential conflicts of interest related to outside business activities and affiliated entities. Clients' accounts are reviewed regularly, and custody is maintained by a third-party qualified custodian. In terms of investment discretion, the firm accepts discretionary authority with client limitations as agreed upon in writing.