Hart Investment Management, LLC

Hart Investment Management serves individual and high-net-worth clients, providing discretionary investment management, non-discretionary advice for held-away retirement and education accounts, and integrated financial planning as part of its advisory services. Like many independent advisers, it charges asset-based fees and constructs personalized portfolios for individual clients.

The firm emphasizes asset allocation as the primary determinant of long-term returns, establishing strategic allocation targets with tactical ranges and dynamically adjusting exposures to reflect prevailing market conditions. Portfolios are implemented using ETFs, common stocks, and mutual funds, and the firm uses a mix of fundamental, technical, and quantitative analysis; management is generally discretionary while held-away employer-plan advice is provided on a non-discretionary basis and may rely on client-provided information.

Distinctive features include a very small client roster relative to reported assets under management, producing a relatively high asset concentration per client, and the use of standing letters of authorization that results in the firm reporting custody of certain client assets. The firm’s principal holds the CFA designation and has prior institutional research and investment leadership experience, and the firm provides ongoing financial planning to managed clients at no separate charge while not issuing routine written reports for accounts.