Invariant Investment Management LLC

Item 5: Fees and Compensation
  A.​ Adviser is compensated for its advisory services by fees charged based on a client’s assets
      under management with Adviser and/or fixed fees. 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. To the extent a client retains Adviser to deliver standalone financial planning services,
      Adviser will do so for a fixed fee, which shall be charged upon plan delivery for one-time financial
      planning services, or upon an annual or quarterly basis for ongoing financial planning services, as
      described in the financial planning agreement. The fixed fee will be determined based on the
      scope and complexity of work. The maximum fixed fee for one-time financial planning services is
      $5,000.
      ​
      Adviser’s standard annual fee is 1.50% of assets under its management.​

  B.​ Fees are generally deducted in advance on a quarterly basis from clients’ assets and based upon
      the market value of such assets managed by Adviser as of the last day of the prior calendar
      quarter. Alternatively, clients may elect to be invoiced for fees instead of having fees directly
      deducted from their account. 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.
      The monthly recurring fees are charged in arrears. Platform consulting services are generally
      charged to financial institutions pursuant to a flat fee per engagement, payable either in advance,
      incrementally as progress payments over time, or upon completion of the engagement as
      agreed-to by the parties.

  C.​ In addition to the fees charged by Adviser, clients will incur brokerage and other transaction costs.
      Please refer to Item 12: Brokerage Practices, for further information on such brokerage and other
      transaction costs. Clients will also typically incur additional charges related to the safekeeping
      and custody of client assets, mutual fund and other product-specific expenses, and
      ERISA-specific services for accounts subject to ERISA. These additional charges are separate
      and apart from the fees charged by Adviser.

  D.​ If Adviser or client terminates the advisory agreement before the end of a quarterly billing period,
      Adviser’s fees will be prorated through the effective date of the termination. The pro rata fees
      earned for the remainder of the quarterly billing period after the termination will be refunded to
      client via check or direct deposit. Prorated fees are also charged or refunded based on Client
      deposits or withdrawals over $100,000 during a billing period, respectively.

  E.​ Neither Adviser nor any of its supervised persons accepts compensation for the sale of securities
      or other investment products.

                                       Date of Brochure: July 27, 2026

Item 7: Types of Clients
Adviser generally provides its services to individuals, high-net-worth individuals, trusts, estates, business
entities, charitable organizations and pension and profit sharing plans. Adviser does not require a
minimum account value of any of its clients.

                                         Date of Brochure: July 27, 2026