Garth Friesen's Income Portfolio on Autopilot

I'm Chris, one of the co-founders of Autopilot. Garth Friesen is a retired former co-CIO of a fixed-income hedge fund, after 25 years there. The Portfolio on Autopilot is about income from both stocks and bonds.

Here's how it's built.

One thing first, because we're an SEC-registered investment adviser and I have to say it. Autopilot is the app. The actual investment advice comes from Autopilot Advisers, LLC. If you want the full legal version of anything in here, it's on our disclaimer page.

1) Who Garth is

Garth Friesen is an independent Pilot who creates and manages the Income Portfolio.

The description lists experience trading government and corporate bonds, interest rate derivatives, structured products, equities, commodities, and currencies, and says Garth contributes to Forbes.com and writes about asset allocation on Substack.

2) What the Portfolio does

Its stated objective is diversified income from the stock and bond markets.

Allocations come from scanning stock, bond, and credit markets for relative value, weighing the outlook for interest rates, inflation, and economic growth, and leaning toward whatever looks undervalued.

3) What relative value means

For those unaware, relative value means comparing things to each other rather than judging each one alone. Is this bond cheap compared with that stock? Is this kind of credit paying enough for its risk?

That's a bond-market way of thinking, and it fits Garth's background.

4) The risk, said plainly

I want to be honest with you. Income isn't the same as safety. Bond funds can fall when interest rates rise, credit can weaken in a recession, and dividends can be cut.

The other income Portfolios are compared in Is there an app that builds a dividend income Portfolio in my own brokerage?.

5) How following works

Pick the Portfolio, connect the brokerage you already use, and allocate money. You give Autopilot Advisers limited authority to send orders to the account you already have. When the Portfolio changes, we send them and your broker fills them. The money stays put.

A flat cash subscription, not a percentage of your balance. Per our Form CRS dated February 2026, Basic Tier has no Base Advisory and Licensing Fee, and Premium Tier is $29.99 to $199.99 a quarter or $99.99 to $699.99 a year. Pilot subscriptions are separate and add on for each Pilot you subscribe to. Because it's a flat dollar amount, it's a bigger share of a small account than a big one, so do the math at your balance.

TLDR: The Income Portfolio, from former fixed-income hedge fund co-CIO Garth Friesen, aims for diversified income from stocks and bonds, allocated by relative value and the outlook for rates, inflation, and growth. Income isn't safety: bonds and dividends both carry risk.

Frequently asked questions

Garth Friesen portfolio

Garth Friesen, an independent Pilot and retired former co-CIO of a fixed-income hedge fund, runs the Income Portfolio on Autopilot, aiming for diversified income from stocks and bonds allocated by relative value.

Garth Friesen Autopilot

The Income Portfolio is Garth's Portfolio on Autopilot. It weighs interest rates, inflation, and growth to decide allocations across stock, bond, and credit markets.

How can I follow Garth Friesen's portfolio in my own brokerage?

Pick the Income Portfolio in the app, connect the brokerage you already use, and allocate money. When the Portfolio changes, Autopilot Advisers sends the orders and your broker fills them.

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Since Autopilot Advisers is an SEC-registered investment adviser, we have to put disclaimers on stuff like this. They're below, and the full version is on our disclaimer page.

Disclosures

© Autopilot Holdings Corporation 2026 — All rights reserved. “Autopilot” refers to Autopilot Holdings Corporation and its wholly-owned, and separately managed subsidiaries, including Autopilot Advisers, LLC, an SEC-registered investment adviser. All investing is subject to investment risks, including possible loss of the principal invested, and past performance is not indicative of future results. View our Customer Relationship Summary and other important information at joinautopilot.com/disclaimer.

This information is provided by Autopilot for educational and illustrative purposes only and is not a recommendation, an offer to sell or the solicitation to buy any security. Autopilot relies on information from various sources believed to be reliable, including information from Clients, Pilots and other third parties, but cannot guarantee the accuracy or completeness of that information. Autopilot does not provide tax or legal advice and you are encouraged to consult with professionals before making investment decisions.

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Autopilot Advisers, LLC is an SEC-registered investment adviser. Registration as an investment adviser does not imply a certain level of skill or training. Additional information about Autopilot is available in our Form ADV Part 2A, available at adviserinfo.sec.gov or joinautopilot.com/adv.

Autopilot provides limited investment advisory services focused on Portfolio selection and suitability assessment. Our services are not intended to replace comprehensive financial planning. We recommend consulting with a qualified financial advisor regarding your complete financial situation.

This content is provided for educational and informational purposes only. It does not constitute investment, legal, or tax advice and should not be relied upon as the basis for any investment decision. You should consult with qualified professionals regarding your specific circumstances.

Autopilot does not provide tax, legal, or accounting advice. You should consult with qualified tax and legal professionals regarding your specific circumstances.

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Autopilot’s services depend on technology systems, third-party APIs, and internet connectivity. System outages, API disruptions, or connectivity issues may temporarily affect service availability or trade execution timing.

Client account holdings are designed to track the Portfolio you’ve selected, but your actual holdings and performance may differ from the Portfolio due to execution timing, market conditions, brokerage capacity constraints, fractional share availability, and other factors outside Autopilot’s control.

For Portfolios inspired by publicly disclosed trading activity, there may be a delay between when a Pilot executes a trade and when that trade becomes publicly available and is incorporated into the Portfolio. This timing delay may affect the suitability or performance of trades when executed in client accounts.

Third-Party Pilot Portfolios are created and managed by independent third parties who are not affiliated with Autopilot, are not acting as your investment adviser, and owe you no fiduciary duty. Third-Party Pilots receive a share of the fees attributable to their Portfolios, which creates conflicts of interest for them and for Autopilot, and they may trade the same securities their Portfolios hold. Autopilot may convert a Third-Party Pilot Portfolio to an Autopilot Portfolio at any time.

Income-oriented strategies carry interest rate, credit and dividend risk, and income is not assured. Listing is not an endorsement of a Pilot or strategy. Fee amounts are quoted from Form CRS dated February 2026 and may change.