Additional Disclosure: Business Continuity Plan .................................................................... 20
Additional Disclosure: Information Security Program ........................................................... 20
Item 4A - Firm Description
Victrix Investment Advisors LLC, (“Victrix”, “Firm” or “We”) was founded in 2013.
Victrix provides investment advisory services to individuals and trusts.
The principal owner of the Firm is William D. Thompson IV. William D. Thompson
IV is also the Managing Member & Chief Compliance Officer (CCO) of Victrix.
Victrix is a fee-only investment advisory firm.
An evaluation of each client's initial situation is provided to the client, often in the
form of a net worth statement, risk analysis or similar document. Periodic reviews
are also communicated to provide reminders of the specific courses of action that
need to be taken. More frequent reviews occur but are not necessarily communicated
to the client unless immediate changes are recommended.
Other professionals (e.g., lawyers, accountants, tax preparers, insurance agents, etc.)
are engaged directly by the client on an as-needed basis and may charge fees of their
own. Victrix, its representatives or any of its employees will disclose to the clients all
material conflicts of interest.
Victrix provides investment advisory services through consultations.
ASSET MANAGEMENT
Victrix offers discretionary and non-discretionary asset management services to
advisory clients. Victrix will offer clients ongoing asset management services through
determining individual investment goals, time horizons, objectives, and risk
tolerance. Investment strategies, investment selection, asset allocation, portfolio
monitoring and the overall investment program will be based on the above factors.
Victrix will determine for discretionary accounts the securities to be bought or sold
and the amount of the securities to be bought or sold. For non-discretionary accounts,
Victrix will obtain prior client approval on each and every transaction before
executing any transactions. This may result in a delay in executing recommended
trades, which could adversely affect the performance of the portfolio. This delay also
normally means the affected account(s) will not be able to participate in block trades,
a practice designed to enhance the execution quality, timing and/or cost for all
accounts included in the block. In a non-discretionary arrangement, the client retains
the responsibility for the final decision on all actions taken with respect to the
portfolio.
At the outset of each asset management relationship, Victrix’s Investment Advisor
Representatives (“IAR”) spend time with the client, asking questions, discussing the
client’s investment experience and financial circumstances, and reviewing options for
the client. Based on its reviews, Victrix generally develops with each client a
financial outline for the client based on the client’s financial circumstances and goals,
and the client’s risk tolerance level (the “Financial Profile”) and the client’s
investment objectives and guidelines (the “Investment Plan”).
The Financial Profile is a reflection of the client’s current financial picture and a look
to the future goals of the client. The Investment Plan outlines the types of investments
Victrix will make or recommend on behalf of the client to meet those goals. The
Profile and the Plan are discussed regularly with each client but are not necessarily
written documents.
FINANCIAL PLANNING AND RETIREMENT PLAN CONSULTING
Clients can engage Victrix to perform financial planning service and Retirement Plan
consulting. For such engagements, clients will compensate Victrix on an hourly fee
basis described in detail under “Fees and Compensation” section of this brochure.
Financial planning is a collaborative process that helps maximize a client’s potential
for meeting goals through financial advice that integrates relevant elements of the
client’s personal and financial circumstances. Financial planning services include but
are not limited to a thorough review of all applicable topics including Investments,
Qualified Plans, and Insurance. Specific topics within these three categories may
include savings rate, Roth conversions, and life insurance coverage. A written
financial plan is generated through a financial planning software package and
delivered to the client by the IAR. The client is under no obligation to act upon the
investment advisor’s recommendation. If the client elects to act on any of the
recommendations, the client is under no obligation to affect the transaction through
Victrix. Financial plans will be completed and delivered inside of sixty (60) days.
Clients may terminate financial planning and/or retirement plan consulting service
with written notice.
Victrix will provide Retirement Plan consulting services to Plans and Plan Fiduciaries
as described below, as and when requested by the client. Victrix will provide Plan
Fiduciaries with recommendations of investment options consistent with ERISA
section 404(c). Plan Fiduciaries retain responsibility for the final determination of
investment options and for compliance with ERISA section 404(c). We provide Plan
Fiduciaries and Plan Participants general, non-discretionary investment advice
regarding assets classes and investments. We may also assist in monitoring the plan’s
investment options by preparing periodic investment reports that document
investment performance, consistency of fund management and conformation to the
guidelines set forth in the investment policy statement and will make
recommendations to maintain or remove and replace investment options. The details
of this aspect of service will be enumerated in the engagement agreement between the
parties.
WRITTEN ACKNOWLEDGEMENT OF FIDUCIARY STATUS
When we provide investment advice to you regarding your retirement plan account or
individual retirement account, we are fiduciaries within the meaning of Title I of the
Employee Retirement Income Security Act and/or the Internal Revenue Code, as
applicable, which are laws governing retirement accounts. The way we make money
creates some conflicts with your interests, so we operate under a special rule that
requires us to act in your best interest and not put our interest ahead of yours. Under
this special rule’s provisions, we must:
• Meet a professional standard of care when making investment recommendations
(give prudent advice);
• Never put our financial interests ahead of yours when making recommendations
(give loyal advice);
• Avoid misleading statements about conflicts of interest, fees, and investments;
• Follow policies and procedures designed to ensure that we give advice that is in
your best interest;
• Charge no more than is reasonable for our services; and
• Give you basic information about conflicts of interest.
The goals and objectives for each client are documented in our client files. Investment
strategies are created that reflect the stated goals and objectives. Upon mutual
agreement between the Advisor and client, clients may impose restrictions on
investing in certain securities or types of securities. Examples include but are not
limited to excluding alcohol and tobacco companies.
The Firm does not engage in any Wrap Fee Programs.
As of December 2022, Victrix manages approximately $109,151,910in assets for
approximately 754 accounts. Approximately $109,127,309is managed on a
discretionary basis (representing 752 accounts), and $24,601is managed on a non-
discretionary basis (representing 2 accounts).
Investment Advisory Agreement
The scope of work and fee for a client is agreed upon in an Investment Advisory
Agreement that is signed by the client prior to the start of the management of any
client assets. This agreement provides detailed information concerning what services
are provided, the scope and limitations of these services, how fees are paid,
disclaimers around the potential risks involved with investing, liability,
confidentiality, etc.
Although the Investment Advisory Agreement is an ongoing agreement, the length of
service to the client is at the client’s discretion. A client may terminate the
investment advisory relationship by written notice at any time without penalty. At
termination, any paid but unearned fees will be promptly refunded to the client based
on the number of days that the account was managed, and any fees due to Victrix
from the client will be invoiced or deducted from the client’s account prior to
termination.
Financial Planning and Retirement Plan Consulting clients may terminate the
relationship by written notice at any time without penalty. At termination, any fees
due to Victrix from the client will be invoiced based on the number of hours spent up
to the time of termination.