Wealth manager, independent · Camp Hill, PA
Invariant Investment Management
Invariant Investment Management LLC · SEC-registered investment adviser · CRD 168772 · SEC 801-111716
At a glance
Invariant Investment Management is an SEC-registered investment adviser based in Camp Hill, Pennsylvania, with $183 million in regulatory assets under management as of its Form ADV filed July 27, 2026. Its largest client group by assets is high-net-worth individuals, and it reports 313 individual clients. By Form ADV it is a wealth manager, ranked 6,139th of 8,915 wealth managers and 12,703rd of 17,210 SEC-registered advisers by assets.
Main office 717-317-9006invariantinvestments.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $183M
- Rank among wealth managers
- #6,139 of 8,915
- Rank among all SEC RIAs
- #12,703 of 17,210
- Rank in Pennsylvania
- #449 of 564
- Individual clients
- 313
- High-net-worth clients
- 45
- Accounts
- 762
- Discretionary
- 100% of AUM
- Employees
- 7
- Advisory staff
- 6
- Offices
- 6
Owners and executives on its Form ADV
- Seth W. ArbogastChief Executive Officer, Managing Member
- David M. BorowskyChief Investment Officer, Managing Director, Member
- Gary A. SmithChief Compliance Officer, Member
Custody and brokerage
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 45 | $97M | 53% |
| Individuals | 268 | $74M | 40% |
| Corporations or other businesses | – | $12M | 7% |
Disciplinary disclosures
Invariant Investment Management answers yes to 2 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗invariantinvestments.com ↗
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The full record on Invariant Investment Management
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 8 years of filings
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- Growth over one, three and five years
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- Rank against 5,796 peers of its type and size
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- Owners and executives, with titles and stakes
- 3 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Background
Questions
How much does Invariant Investment Management manage?
Invariant Investment Management reports $183 million in regulatory assets under management across 762 accounts, 100% of it on a discretionary basis, on its Form ADV filed July 27, 2026.
What kind of firm is Invariant Investment Management?
Invariant Investment Management is a wealth manager by its Form ADV answers. At least half of its regulatory assets are managed for individuals and high-net-worth individuals.
Who are Invariant Investment Management’s clients?
By assets, its largest client types are high-net-worth individuals ($97 million, 45 clients); individuals ($74 million, 268 clients); corporations or other businesses ($12 million).
Does Invariant Investment Management have any disciplinary history?
Invariant Investment Management answers yes to 2 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Invariant Investment Management’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-07-27), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →