{
  "crd_number": 168772,
  "slug": "invariant-investment-management-camp-hill-pa-168772",
  "primary_business_name": "INVARIANT INVESTMENT MANAGEMENT",
  "legal_name": "INVARIANT INVESTMENT MANAGEMENT LLC",
  "dbas": [],
  "city": "Camp Hill",
  "state": "PA",
  "country": "United States",
  "cbsa_code": "25420",
  "metro": {
    "cbsa_code": "25420",
    "common_name": "Harrisburg",
    "msa_name": "Harrisburg-Carlisle, PA",
    "path": "/advisors/pa/harrisburg"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2017-09-22",
  "years_registered": 9,
  "period": "2026-10-01",
  "filing_date": "2026-07-27",
  "carried_forward": false,
  "raum_total": 182679710.0,
  "raum_discretionary": 182195730.0,
  "raum_non_discretionary": 483980.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 7,
  "advisory_employees": 6,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 0.0,
      "count": 0
    },
    "individuals": {
      "raum": 73658482.0,
      "count": 268
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 0.0,
      "count": 0
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 97132330.0,
      "count": 45
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 11888898.0,
      "count": null,
      "fewer_than_5": true
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 2,
  "states_registered": [
    "CA",
    "FL",
    "IN",
    "KY",
    "MD",
    "PA"
  ],
  "websites": [
    "https://invariantinvestments.com",
    "https://linkedin.com/company/invariant-investment-management"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/168772",
  "disclosure_items": [
    {
      "item": "11.E(2)",
      "question": "Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?"
    },
    {
      "item": "11.E(4)",
      "question": "Has a self-regulatory organization or a commodities exchange ever disciplined the firm or an advisory affiliate by expelling or suspending it from membership, barring or suspending it from association with other members, or otherwise restricting its activities?"
    }
  ],
  "city_as_filed": "CAMP HILL",
  "url": "https://advisorcensus.com/firm/invariant-investment-management-camp-hill-pa-168772",
  "display_name": "Invariant Investment Management",
  "summary": "Invariant Investment Management is an SEC-registered investment advisory firm in Camp Hill, PA, registered since 2017, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated July 27, 2026.",
  "citation": "AdvisorCensus. Invariant Investment Management (CRD 168772): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses"
  ],
  "quick_answers": [
    {
      "q": "How is Invariant Investment Management compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Invariant Investment Management reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Invariant Investment Management charge?",
      "a": "Its Form ADV Part 2A brochure dated July 27, 2026 states: Asset-based fee: 1.5% of assets a year; Flat fee: up to $5,000 (one-time financial planning services); Flat fee: $1,000 to $2,000 (financial planning); Subscription: $125 to $250 a month (financial planning services). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Invariant Investment Management located?",
      "a": "Invariant Investment Management's principal office is in Camp Hill, PA, according to its Form ADV; the August 2026 filing also lists 3 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Invariant Investment Management registered with the SEC or a state?",
      "a": "Invariant Investment Management is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 168772."
    },
    {
      "q": "How much does Invariant Investment Management manage?",
      "a": "Invariant Investment Management reports $182,679,710 in regulatory assets under management in its Form ADV filing dated July 27, 2026 (100% discretionary)."
    },
    {
      "q": "How have Invariant Investment Management's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Invariant Investment Management: Regulatory assets under management: $181,786,525 in the October 2021 data and $182,679,710 in the October 2026 data, unchanged. Total employees: 7 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Invariant Investment Management serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (268); high net worth individuals (45)."
    },
    {
      "q": "Which custodians does Invariant Investment Management use?",
      "a": "Invariant Investment Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists LPL Financial LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Invariant Investment Management report any disciplinary disclosures?",
      "a": "Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.E(2) (self-regulatory organization's finding of a rule violation) and 11.E(4) (self-regulatory organization's expulsion, suspension, bar, or restriction). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/168772"
    },
    {
      "q": "Does Invariant Investment Management state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated July 27, 2026 says: \"Adviser does not require a minimum account value of any of its clients.\""
    },
    {
      "q": "What changed in Invariant Investment Management's recent Form ADV filings?",
      "a": "In the March 2026 filing data: Registered or notice-filed in IN."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 181786525.0,
      "total_employees": 7,
      "filing_date": "2021-03-31"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 92550371.0,
      "total_employees": 8,
      "filing_date": "2022-02-28"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 91681415.0,
      "total_employees": 8,
      "filing_date": "2023-06-01"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 101036828.0,
      "total_employees": 8,
      "filing_date": "2024-06-14"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 135912855.0,
      "total_employees": 7,
      "filing_date": "2025-07-18"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 182679710.0,
      "total_employees": 7,
      "filing_date": "2026-07-27"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-03-01",
      "period_label": "March 2026",
      "notes": [
        "Registered or notice-filed in IN."
      ]
    },
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Regulatory assets under management went from $135,912,855 to $182,679,710 (+34%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated July 27, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": "1.5% of assets a year",
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Flat fee: up to $5,000 (one-time financial planning services)",
      "Flat fee: $1,000 to $2,000 (financial planning)",
      "Subscription: $125 to $250 a month (financial planning services)"
    ],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 1.5% of assets a year"
        ],
        "quotes": [
          "Adviser’s standard annual fee is 1.50% of assets under its management.",
          "Fees are negotiable, and each client’s specific fee schedule is included as part of the investment management agreement signed by Adviser and the client."
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "Adviser does not require a minimum account value of any of its clients."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: up to $5,000 (one-time financial planning services)"
        ],
        "quotes": [
          "The maximum fixed fee for one-time financial planning services is $5,000."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $1,000 to $2,000 (financial planning)"
        ],
        "quotes": [
          "Fixed fees for financial planning may be paid for via Advice Pay, and generally range between $1,000 and $2,000 up front"
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Subscription: $125 to $250 a month (financial planning services)"
        ],
        "quotes": [
          "plus between $125 to $250 per month based on the nature and complexity of financial planning services to be rendered to the client."
        ]
      }
    ],
    "values": {
      "tiers": [
        {
          "min": null,
          "max": null,
          "rate_pct": 1.5
        }
      ],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 0.0,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "flat",
          "amount": null,
          "min": null,
          "max": 5000.0,
          "period": "one_time",
          "service": "one-time financial planning services"
        },
        {
          "kind": "flat",
          "amount": null,
          "min": 1000.0,
          "max": 2000.0,
          "period": "one_time",
          "service": "financial planning"
        },
        {
          "kind": "subscription",
          "amount": null,
          "min": 125.0,
          "max": 250.0,
          "period": "monthly",
          "service": "financial planning services"
        }
      ]
    },
    "quotes": [
      "Adviser’s standard annual fee is 1.50% of assets under its management.",
      "Fees are negotiable, and each client’s specific fee schedule is included as part of the investment management agreement signed by Adviser and the client.",
      "Adviser does not require a minimum account value of any of its clients.",
      "The maximum fixed fee for one-time financial planning services is $5,000.",
      "Fixed fees for financial planning may be paid for via Advice Pay, and generally range between $1,000 and $2,000 up front",
      "plus between $125 to $250 per month based on the nature and complexity of financial planning services to be rendered to the client."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "LPL Financial LLC",
      "name_as_filed": "LPL FINANCIAL LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/invariant-investment-management-camp-hill-pa-168772.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 268,
      "fewer_than_5": false,
      "raum": 73658482.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 45,
      "fewer_than_5": false,
      "raum": 97132330.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": null,
      "fewer_than_5": true,
      "raum": 11888898.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "disclosure_line": "Reports 2 disclosure items on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/168772",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}