Makara

Argonaut Asset Management Inc., operating as Makara, is an SEC-registered investment adviser that offers investment advisory services primarily through an interactive web platform and mobile application. Established in January 2021 and restructured in November 2021, Makara is a wholly-owned subsidiary of Betterment Holdings, Inc. The firm provides discretionary asset management services utilizing a separately managed account structure, allowing clients to select model portfolios ("Baskets") based on their investment preferences. Clients can impose reasonable restrictions on account management and have the option to directly allocate to individual assets. Makara's algorithmic system monitors for trading inconsistencies and executes rebalances programmatically. The firm charges a 1.0% annual Management Fee based on assets under management, with additional fees for account servicing and transactions. Makara does not charge performance-based fees and primarily serves retail investors with a minimum account requirement of $50. The firm does not accept compensation for the sale of securities and does not engage in brokerage practices that involve directed brokerage. Makara has no disciplinary events, and its employees adhere to a Code of Ethics to prevent improper personal trading. The firm reviews client accounts daily and provides quarterly reports on account activity. Makara has custody of client assets held at Gemini Trust Company, LLC, and maintains discretionary authority over client portfolios. Makara does not vote on client securities and has not been subject to a bankruptcy petition in the past ten years.