This Disclosure document is being offered by UX Wealth Partners, LLC (“UX Wealth,” “we,” “us,”
“our” or the “Firm”) about the investment advisory services we provide. It discloses information
about our services and the way those services are made available to our clients.
Our Firm became a registered investment adviser in May 2020 and is owned by 5280 Capital, LLC
and SIER Capital, LLC.
ASSET MANAGEMENT PLATFORM SERVICES FOR INDEPENDENT REGISTERED
INVESTMENT ADVISERS AND SEPARATELY MANAGED ACCOUNTS (“SMA”)
Our Firm through its management platform division has entered into agreements with unaffiliated
registered investment advisers (hereafter referred to as “Independent RIA”) whereby our Firm
oversees and manages on a discretionary basis some or all of these assets of the Independent
RIA’s client (“Adviser Client”) according to the investment strategy chosen by the Adviser Client
and/or Independent RIA. In these situations, the client remains a client of the Independent RIA.
The decision as to what investment strategies the client assets are invested in is based on
suitability information gathered and reviewed by the Independent RIA. When a strategy or model
is selected for an Adviser Client account, the Independent RIA or in some cases the Adviser Client
will provide UX Wealth with the amount of funds, either in terms of dollars or as a percent of the
account’s value, in the Adviser Client account to be invested in the investment strategy/model.
UX Wealth is responsible for the implementation and trading activity of the selected
strategy/model in proportion to the amount of assets invested. Our Firm will manage and
rebalance these assets based on its investment strategies automatically based on the parameters
of the model and not based on overall client suitability. Strategies are managed on an ongoing
basis. The Independent RIA is responsible for the administrative paperwork, servicing the
accounts and account maintenance. UX Wealth grants the Independent RIA access to the
performance software to enable performance reporting. UX Wealth facilitates the billing on
behalf of the Independent RIA.
As defined in our Asset Management Agreement with the Independent RIA, the investment
management fees are collected by our Firm. The Independent RIA’s portion is afterwards paid
directly to the Independent RIA from the total management fees deducted from the Adviser
Client’s account. The authorization for the use of third-party asset management services will be
part of the Independent RIA’s investment advisory agreement with the end client.
Our Firm acts as a sub-advisor to the Independent RIA unaffiliated with our Firm. These
Independent RIAs outsource some or all their portfolio management services which they offer to
the Adviser Client and formalize the relationship through an Investment Management Agreement
between the Independent RIA and UX Wealth. Our Firm maintains a limited power of attorney to
direct trading of each Adviser Client account to purchase and sell securities in the account(s). UX
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Wealth’s authority to trade is either authorized through an agreement with a client or through
our Asset Management Agreement with the Independent RIA. Custodians may require additional
paperwork from each Adviser Client to grant trading discretion to our Firm.
All client accounts will be held at an independent Custodian recommended by the Independent
RIA.
ADMINISTRATIVE SERVICES
We have contracted with an unaffiliated entity to utilize their technology platform which supports
data reconciliation, performance reporting, fee calculation, client relationship maintenance, at
least quarterly performance evaluations, and other functions related to the administrative tasks
of managing client accounts. Due to this arrangement, this unaffiliated entity will have access to
client accounts but will not be an investment adviser to clients. This firm bills our Firm an annual
fee for each account administered by its software. Please note that the fee billed to our client,
the Independent RIA, will not increase due to the annual fee UX Wealth pays to this unaffiliated
firm. This annual fee is paid from the portion of the management fee retained by UX Wealth.
Third-Party Billing Services and Other Arrangements
Our Firm sponsors billing and fee calculation services to our Independent RIA clients through a
technology platform maintained by an unaffiliated entity. Independent RIAs generally utilize this
billing functionality that we offer and sponsor for them. However, we may allow Independent
RIAs to forego use of this service especially for those that prefer to do their billing in-house. The
Independent RIA may opt for this through an addendum to an existing Asset Management
Agreement, upon request and on a case-by-case basis.
In addition, this third-party billing service enables Independent RIAs to calculate fees for certain
SMAs and bill a designated paying account through an investment billing account designation
form.
MODEL PORTFOLIO SUBSCRIPTION SERVICES
Our Firm offers model portfolios on digital platforms for independent financial institutions
including unaffiliated Registered Investment Advisers, banks, and broker-dealers (“Financial
Institutions”) to subscribe to. This service will allow Independent RIAs access to our Firm’s
models/positions. In this arrangement, UX Wealth will not be given access to Independent RIAs
client accounts. Our Firm does not enter into direct relationships with these clients. Instead, our
Firm will send the investment signals to the subscribing firms or Independent RIA. The
Independent RIAs will
be responsible for executing the trades and determining what asset
allocation is suitable for their clients. Financial Institutions maintain their own custodial
relationships and offer separate execution and clearing services. UX Wealth provides ongoing
monitoring and supervision of the strategies and periodically recommends purchase and sale
transactions with respect to the management of the model investment strategies by adjusting
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positions. Subscribing firms or Independent RIAs are also responsible for providing all
administrative and performance reporting services to their clients. On occasion, these models can
hold slightly different funds than our direct discretionary asset management accounts due to
custodial relationship constraints that are outside of our control.
CUSTOMIZED INVESTMENT STRATEGIES
The investment and financial planning styles of some Independent RIAs may not align with the
model portfolios made available by our Firm. Thus, we recognize the need to provide greater
options and flexibility to Independent RIAs to accommodate their investment preferences and
strategies through customized investment strategies as outlined below:
UX Blends
UX Blends are blended investment strategies available on the UX Model Marketplace. The blended
strategies are managed and reviewed by UX Wealth, while the individual strategies within the
blend are managed by their respective third-party managers. UX Blends serve as a starting point
for client portfolios. Final investment decisions are the responsibility of the Independent RIA.
Unified Management Account (UMA)
Through the UX Wealth Software Platform, UX Wealth may allow the Independent RIA to contract
with third-party investment managers who may publish model portfolios in the Independent RIA’s
sponsored instance of the UX Wealth Software Platform and make them accessible therein.
Adviser as Model Manager
UX Wealth may allow the Independent RIA to act as a portfolio manager and create its own
models for incorporation into the UX Wealth Software Platform. Under this arrangement, the
Independent RIA would exercise investment discretion while UX Wealth would handle trading and
billing functions.
Gated Model Portfolios
Our Firm may also allow an Independent RIA to contract with a third-party investment manager
to publish model portfolios in the Independent RIA’s instance of a third-party platform with
performance and reporting capabilities which our Firm sponsors as part of our agreement with
the Independent RIA. A separate Gated Model Portfolio Subscription Agreement will be executed
between our Firm and the Independent RIA to govern the terms of this arrangement.
In almost all cases, the model portfolio providers, who may either be the Independent RIA as the
manager or a third-party investment manager, may generally only use equities or ETFs. The
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customized model portfolios will be structured after extensive consultations with the
Independent RIA.
With regard to these customized investment strategies and/or selection of the third-party
manager, UX Wealth's obligation is limited to executing the trading instructions provided for by
the designated investment strategies. UX Wealth has no obligation to conduct due diligence,
assess its economic and financial viability, or offer recommendations or advice regarding their
feasibility or practicality. The Independent RIA retains full discretion and responsibility for
developing, crafting, and allocating the tailored investment strategy, as well as selecting third-
party investment managers.
THIRD-PARTY FACT SHEETS
Our Firm offers access to third-party “fact sheets” containing hypothetical performance to
Independent RIAs, who are our clients. These fact sheets are generated inside of third-party
systems and platforms. Each fact sheet manager, which may or may not be an affiliated firm, have
their own branded fact sheets that follows the same sheet format (e.g., Thor, Ai Funds, Qraft,
Stock Snips). Our Firm does not provide direct access to these fact sheets to Adviser Clients.
TRADING SERVICES
In order to facilitate the orderly trading of securities, we may also serve as agents of Independent
RIAs for the placement of certain portfolio transactions. In doing so, we may offer to aggregate
transactions involving the purchase and sale of securities in an effort to obtain better execution
for such trades.
HELD-AWAY DISCRETIONARY ACCOUNTS
Through our relationship with an unaffiliated firm, our Firm provides an additional service for
accounts not directly held with our recommended Custodian but where our Firm does have
discretion and leverages an Order Management System to implement asset allocation or
rebalancing strategies on behalf of the client. These are primarily 401(k) accounts, 529 plans,
variable annuities, and other assets not held with the recommended Custodian. Our Firm’s
representatives regularly review the current holdings and available investment options in these
accounts, monitor the accounts, rebalance accounts, and implement our strategies as necessary.
WRAP FEE PROGRAMS
Our Firm does not sponsor a Wrap Fee Program.
ASSETS
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As of December 31, 2023, our Firm manages and oversees a total of $1,503,506,684.35 in
regulatory assets under management broken down as follows:
Discretionary Basis: $5,859,247.76
Non-Discretionary Basis: $1,497,647,436.59