Livian & Co.

The firm primarily serves high‑net‑worth investors and provides discretionary and non‑discretionary portfolio management, investment consulting, and consulting services to other advisers. It also manages and advises pooled investment vehicles and offers private‑fund advisory services to those pooled vehicles.

Its investment approach combines a top‑down macro view with fundamental and technical security selection and uses six model portfolios ranging from conservative fixed income to equity opportunities. The firm may use listed options, tactical short‑term trades and an explicit “tail risk” program (including short positions in ETFs) to hedge downside risk, and it may carry elevated cash balances as a tactical decision.

The firm’s business is notable for operating pooled funds and an SPV that holds unlisted shares of a foreign company and for accepting performance‑based fees for those vehicles, arrangements that create side‑by‑side management conflicts addressed by written trade‑allocation and rotation policies. In addition, the firm has affiliations outside a typical advisory model — including ownership of another registered adviser and relationships with a real‑estate affiliate and an in‑house licensed real‑estate agent — and senior personnel with international private‑banking experience, reflecting cross‑border activity and exposures not common among peers.