Flit Invest LLC

FLIT Invest LLC is a registered investment adviser based in New York, New York, offering discretionary portfolio management services through a proprietary interactive mobile application. Clients access the app to input financial information, risk tolerance, and investing preferences, which the algorithm uses to recommend investment options tailored to meet their goals. The firm's model portfolios are designed using Modern Portfolio Theory, with investments primarily in ETFs and mutual funds. Clients grant discretionary authority for account management, allowing FLIT Invest to make investment decisions without prior approval. The firm charges a monthly Subscription Fee, starting at $5, deducted automatically from the client's Funding Source. While there is no minimum initial investment, accounts must have at least $25 to be managed effectively. FLIT Invest does not provide financial or tax planning services. The firm does not accept client restrictions on specific securities but allows restrictions related to investments in specific industries. Clients are responsible for updating their financial information annually to ensure recommendations align with their current situation. FLIT Invest does not accept performance-based fees, and only offers services to natural persons with a minimum account threshold of $5. The firm does not have any disciplinary disclosures and does not receive compensation from third parties for providing investment advice.