Overview
Colbert Investment Management Co (“Colbert”, the “Adviser”, “we”, “our” or “us) is a Florida
corporation established in 1997 by Mr. Karim Armand, its principal owner, and Chief Compliance
Officer. Colbert offers discretionary or non-discretionary portfolio management services primarily to
high net worth domestic and international clients and financial institutions. Colbert provides active
asset management to its clients. We manage individual accounts for clients utilizing a value-oriented
strategy comprising of both fixed income (such as investment grade, and high yield corporate or
government bonds) and equity (common stocks, exchange traded funds (“ETFs”)) portfolios.
While we focus on this value-oriented strategy, we custom tailor portfolios to the individual needs of
clients depending on the client’s individual situation. In particular, we custom tailor a client’s fixed
income portfolio while clients’ equity portfolios tend to be more uniform among our clients.
At the start of the relationship, we will gather information regarding your investment goals, risk profile
current financial situation and prior investment experience.
You may impose reasonable investment restrictions, including restrictions on particular securities or
types of investments, subject to our agreement. Colbert requires that any requests for investment
limitations or restrictions be made in writing. You should be aware that performance of restricted
portfolios may differ from performance of portfolios without such restrictions, which may affect
overall returns.
Clients that fund their accounts by depositing securities, authorize us to liquidate their securities and
invest the proceeds in accordance with the strategy selected. Colbert does not provide advice
regarding the securities being liquidated and is not responsible for any losses incurred in securities
positions transferred into your advisory account. Depending on the securities involved, the holding
period and other factors, liquidations may result in redemption charges and a taxable event. You
should review the potential tax consequences of these liquidations with their tax advisor. Clients
funding
their accounts with mutual fund shares may pay redemption fees in addition to any charges
incurred on the initial purchase. Clients that hold mutual funds in their advisory account(s) incur our
advisory fees in addition to the mutual fund’s operating and management fees and expenses. You
should review these costs carefully before transferring mutual fund shares into your advisory
account(s).
Certain products may not be held in the account or used to fund the account. These include insurance,
annuities, private placements, certain limited partnership interests, hedge funds, commodities, and
futures. You should consult with your investment advisor representative prior to attempting to
transfer such assets. The advisory fee on transferred assets is assessed as of the day you execute our
advisory agreement. You should review these costs carefully before transferring assets into your
advisory accounts
Retirement Accounts (For U.S. Clients Only)
When we provide investment advice to you regarding your retirement plan account or individual
retirement account, we are fiduciaries within the meaning of Title 1 of ERISA and/or the Internal
Revenue Code, as applicable, which are laws governing retirement accounts. The way we make money
creates some conflicts with your interests, so we operate under a special rule that requires us to act
in your best interest and not put our interest ahead of yours. Under the Rule’s provisions, we must:
• Meet a professional standard of care when making investment recommendations (give
prudent advice);
• Never put our financial interests ahead of yours when making recommendations (give loyal
advice);
• Avoid misleading statements about conflicts of interest, fees, investments;
• Have in place policies and procedures designed to ensure that we give advice that is in your
best interest;
• Charge no more than is reasonable for our services; and
• Provide you with basic information about conflicts of interest
As of December 31, 2023, Colbert had discretionary assets under management of $177,714,069.
Colbert is not managing any non-discretionary portfolios at this time.