Triathlon Partners LLC

Triathlon Partners LLC provides portfolio management, a proprietary rules‑based All‑Terrain managed strategy, financial planning and business consulting to individuals, high‑net‑worth clients and businesses. The firm also implements insurance products and annuities alongside investments and uses mutual funds, fixed income, equities, ETFs and structured notes in client portfolios.

The firm documents client objectives in an Investment Policy Statement and offers both ongoing discretionary management and a separately managed, mechanical All‑Terrain Strategy that reallocates among ETFs in response to predefined market signals; that Strategy can be concentrated, may use leveraged ETFs, and is applied uniformly rather than customized. Although the firm typically seeks discretionary trading authority for its managed accounts, the brochure reports that most assets are managed on a non‑discretionary basis, and the All‑Terrain Strategy is available to Qualified Clients under a performance‑based fee arrangement.

Noteworthy aspects include the firm’s registration as a life and health insurance agency and that its supervised persons are licensed insurance agents who may receive commissions for insurance sales, a conflict disclosed and managed in the brochure. The firm operates as a single‑advisor practice with a small client base and roughly $60 million in assets, and it expressly offers business consulting to professional firms — a combination of services and affiliations that is less common among its independent peers.