UTA, LLC dba Uptown Advisors (“UTA” “advisor” “we” or “us”) is a registered investment
advisor located in Vancouver, Washington and registered with the SEC since 2021. UTA, LLC’s
owner is Asoka G. Weeraratne.
We provide advice to clients regarding the investment of client funds based on the individual needs
of each client. We start with a financial plan identifying client needs, concerns, life, and family
objectives. Through these personal discussions, we come to understand the client’s short term and
long-term goals. Based on each client’s individual circumstances, we create and manage a
portfolio to meet those goals and objectives. We further base our strategies on current and
expected changes in the economy, interest rates, market conditions, political environment while
always considering but not driving decisions on the basis of current tax environment. Quarterly
performance statements and at the minimum annual client reviews help us keep up to date on client
life changes and needs. Together this process aides our firm and our clients in understanding
their needs and circumstances as they change while achieving their goals over time.
We manage these advisory accounts on a discretionary or non-discretionary basis. Account
supervision is guided by the client's stated objectives, as well as tax considerations. Clients may
impose reasonable restrictions involving liquidity needs, investing in certain securities, types of
securities, or industry sectors.
Our investment recommendations are not limited to any specific product or service offered by a
broker-dealer or insurance company and will generally include advice and recommendations
regarding mutual funds, exchange traded funds (“ETF”), equities, and fixed income assets. We
may also advise certain clients on individual securities and legacy
positions in certain
circumstances.
Because some types of investments involve certain additional degrees of risk, they will only be
implemented/recommended when consistent with the client's stated investment objectives,
tolerance for risk, liquidity, and suitability. We may also recommend that part or all of a client’s
assets be placed with a subadvisor or third party asset manager, when appropriate.
We also provide financial planning services encompassing one or more aspects of a client's overall
financial situation. We gather the information, as required, to provide consulting services
requested of us by the client. We carefully review documents supplied by the client. As
appropriate, we will introduce clients to unaffiliated, outside professionals (attorneys,
accountants, third party administrators, insurance agents, realtors, etc.), or coordinate with
existing professionals, to help clients carry out their desired financial plan. Implementation of
financial plan recommendations is entirely at the client's discretion.
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See Item 8 for a description of our investment strategy.
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.
We manage $ 130,614,566 of Client assets on a discretionary basis and $ 14,085,578 of Client
assets on a non-discretionary basis. This amount was calculated as of December 31, 2023.