Our firm manages assets for many different types of clients to help meet their financial goals while
remaining sensitive to risk tolerance and time horizons. As a fiduciary, it is our responsibility to
provide fair and full disclosure of all material facts and to act solely in the best interest of each of our
clients at all times. Our fiduciary duty is the underlying principle for our firm’s Code of Ethics—Item 9 of
this Brochure—which includes procedures for personal securities transactions and insider trading. Our
firm requires all representatives to conduct business with the highest level of ethical standards and to
comply with all federal and state securities laws at all times. Upon employment with our firm, and at
least annually thereafter, all representatives of our firm will acknowledge receipt, understanding and
compliance with our firm’s Code of Ethics. Our firm and representatives must conduct business in an
honest, ethical, and fair manner and avoid all circumstances that might negatively affect or appear to
affect our duty of complete loyalty to all clients.
Our firm has established a service-oriented advisory practice with open lines of communication.
Working with clients to understand their investment objectives while educating them about our
process to facilitate the kind of working relationship we value.
Our firm sponsors and offers a wrap fee program, which allows clients to pay a single fee for
investment advisory services and associated custodial transaction costs. Transaction fees will be paid
by our firm via individual transaction charges. Because our firm absorbs client transaction fees, an
incentive exists to limit trading activities in client accounts. Custodial transaction costs, however, are
not included in the advisory fee charged by our firm for non-wrap services and are to be paid by the
client to their chosen custodian. Depending on the client’s account or portfolio trading activity, clients
may pay more for using our wrap fee services than they would for using our non-wrap services.
Fidelity Brokerage Services (“Fidelity”) eliminated transaction fees for U.S. listed equities and
exchange traded funds for clients who opt into electronic delivery of statements or maintain at least
$1 million in assets at Fidelity.
Our Wrap Advisory Services
Wrap Asset Management:
As part of our Wrap Asset Management service clients will be provided asset management and
financial consulting services. This service is designed to assist clients in meeting their financial goals
through the implementation of financial consultation services. Our firm conducts client meetings to
understand their current financial situation, existing resources, financial goals, and tolerance for risk.
Based on what is learned, an investment approach is presented to the client, consisting of individual
stocks, bonds, ETFs, options, mutual funds and other public and private securities
or investments.
Once the appropriate portfolio has been determined, portfolios are continuously and regularly
monitored, and if necessary, rebalanced based upon the client’s individual needs, stated goals and
objectives. Upon client request, our firm provides a summary of observations and recommendations
for the consultative aspects of this service.
The maximum annual fee charged for this service is 2.00%. The Firm, in its sole discretion, may
determine fees according to the expected scope of the engagement and prospective client-advisor
relationship. Fees to be assessed will be outlined in the advisory agreement to be signed by the Client.
Annualized fees are billed on a pro-rata basis monthly in advance based on the value of the account(s)
ADV Part 2A, Appendix 1 – Wrap Fee Brochure Page 5 Pariax Private Wealth Management
on the last day of the previous month. Fees will be directly deducted from client account(s). Our firm
does not offer direct invoicing. Further, it is important to note that our firm will assess advisory fees
on all assets held in client accounts including cash and cash equivalents. As part of this process,
Clients understand the following:
a) The client’s independent custodian sends statements at least quarterly showing the
market values for each security included in the accounts and all account disbursements,
including the amount of the advisory fees paid to our firm;
b) Clients will provide authorization permitting our firm to directly debit its fees by these
terms.; and
c) Our Firm will send an invoice directly to the custodian. If our firm sends a statement to the
Client, a legend urging the comparison of information provided in the statement with those
from the qualified custodian will be included.
Other Types of Fees & Expenses:
In addition to our advisory fees above, clients may also pay holdings charges imposed by the chosen
custodian for certain investments, charges imposed directly by a mutual fund, index fund, or
exchange traded fund, which shall be disclosed in the fund’s prospectus (i.e., fund management fees,
initial or deferred sales charges, mutual fund sales loads, 12b-1 fees, surrender charges, variable
annuity fees, IRA and qualified retirement plan fees, and other fund expenses), mark-ups and mark-
downs, spreads paid to market makers, fees for trades executed away from custodian, wire transfer
fees and other fees and taxes on brokerage accounts and securities transactions. Our firm does not
receive a portion of these fees.
Termination and Refunds:
Either party may terminate the advisory agreement signed with our firm’s Wrap Asset Management
service in writing at any time. Upon notice of termination our firm will process a pro-rata refund of
the unearned portion of the advisory fees charged in advance.
Wrap Fee Program Recommendations:
Our firm does not recommend or offer the wrap program services of other providers.