Up Capital Management, Inc. (“Advisor” or “we”) is an investment adviser registered since September
2012. We are a California corporation and our sole owner is Anton J. Bayer.
Introduction
Our investment advisory services are provided to you through an appropriately licensed and qualified
individual who is an investment adviser representative (“representative”).
General Description of Advisory Services
The following are brief descriptions of our primary advisory services. A detailed description is provided in
Item 5 – Fees and Compensation so that clients and prospective clients (“clients” or “you”) can review
the services and description of fees more thoroughly.
For all advisory services provided, you should be aware that a conflict of interest exists between our
interests and your interests. You are under no obligation to act on our recommendations and, if you do,
are under no obligation to effect any transaction through us.
Asset Management Services. Advisor offers asset management services, which involves providing you
with continuous and ongoing supervision over your specified accounts.
Financial Planning & Consulting Services. We offer advisory services in the form of financial plans.
These services do not involve actively managing your accounts. Instead, full planning services focus on
your overall financial situation while modular planning services focus on specific areas of concern to you.
We also offer consultations on any topic of interest to you and these consultations can last for a single
meeting or involve several meetings. The consultations can include advisement on retirement benefit
plan portfolios.
Retirement Plan Services. We offer services to retirement plan sponsors and to individual participants
in retirement plans. These services can be both fiduciary and non-fiduciary.
Limits Advice to Certain Types of Investments
Advisor provides investment advice on the following types of investments:
• Mutual Funds
• Exchange Traded Funds (ETFs)
• Exchange-listed Securities
• Securities Traded Over-the-Counter
• Fixed Annuities
• Foreign Issues
• Warrants
• Corporate Debt Securities
• Commercial Paper
• Certificates of Deposit
• Municipal Securities
• Non Traded REITs
• Unit Investment Trusts
• Variable Annuities
• Variable Life Insurance
• US Government Securities
Up Capital Management, Inc. Page 6 Form ADV Part 2A: Firm Brochure
• Options Contracts on Securities
• Options Contracts on Commodities
• Futures Contracts on Tangibles
• Futures Contracts on Intangibles
• Private investments including those investing in real estate, limited partnerships investing in oil
and gas interests, other entities that invest private equity, venture capital, publicly trades
securities, futures, options, real estate loans, foreign investments, hedge funds, and various debt
offerings. These types of investments (including private offerings sponsored or organized by
Advisor’s personnel) are often illiquid, which means that the investments can be difficult to trade
and consequently limits a client's ability to dispose of such investments in a timely manner and at
an advantageous price. Additionally, such investments may not have registered pursuant
to the
Securities Act of 1933, and therefore the client will need to complete a subscription agreement
showing the client is an "accredited" investor (as defined by applicable law and rules and
regulations) and acknowledge that he or she has read and understands the private placement
memorandum and is aware of the various risk factors associated with such an investment.
Although we generally provide advice only on the products previously listed, we reserve the right to offer
advice on any investment product that may be suitable for each client’s specific circumstances, needs,
goals and objectives.
It is not our typical investment strategy to attempt to time the market, but we may increase cash holdings
modestly as deemed appropriate based on your risk tolerance and our expectations of market
behavior. We may modify our investment strategy to accommodate special situations such as low basis
stock, stock options, legacy holdings, inheritances, closely held businesses, collectibles, or special tax
situations.
Please refer to Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss for more
information.
No Participation in Wrap Fee Programs
A wrap-fee program is defined as any advisory program under which a specified fee or fees not based
directly upon transactions in a client’s account is charged for investment advisory services (which may
include portfolio management and/or advice concerning the selection of other investment advisers) and
the execution of client transactions. We do not offer or participate in wrap-fee programs. All of our
services are provided on a non-wrap fee basis which means fees and expenses for execution of client
transactions charged by the client’s broker/dealer and/or custodian are billed directly to the client’s
account separately from our advisory fees.
Tailor Advisory Services to Individual Needs of Clients
Our advisory services are always provided based on your individual needs. This means, for example,
that when we provide asset management services, you have the ability to impose restrictions on the
accounts we manage for you, including specific investment selections and sectors. We work with you on
a one-on-one basis through interviews and questionnaires to determine your investment objectives and
suitability information.
When managing client accounts through our firm’s asset management services programs, we may
manage an account in accordance with one or more investment models. When client accounts are
managed using models, investment selections are based on the underlying model and we do not develop
customized (or individualized) portfolio holdings for each client. However, the determination to use a
particular model or models is always based on each client’s individual investment goals, objectives and
mandates.
Up Capital Management, Inc. Page 7 Form ADV Part 2A: Firm Brochure
We will not enter into an investment adviser relationship with a prospective client whose investment
objectives are considered incompatible with our investment philosophy or strategies or where the
prospective client seeks to impose unduly restrictive investment guidelines.
Client Assets Managed by Advisor
As of December 31, 2023, our assets under management were $177,335,051. $116,159,435 of these
assets are managed on a discretionary basis and $61,175,616 are managed on a non-discretionary
basis.