Ten Capital Wealth Advisors, LLC (“Ten Capital”) is dedicated to providing individuals and other types of clients
with personalized Advisory Services, including Asset Management and Financial Planning and Consulting, as
well as Retirement Plan Advisory Services.
Our firm is a limited liability company formed in the State of Washington and we have been in business as an
investment adviser since 2011. From 2011 through July 2018 we offered our services under the name Ten Capital
Investment Advisors, LLC. Our principal owner is Tim Mitrovich.
Asset Management: As part of our Asset Management service, we generally create a portfolio, consisting of
individual stocks or bonds, exchange traded funds (“ETFs”), mutual funds and other public securities or
investments. The client’s individual investment strategy is tailored to their specific needs, as communicated to
us by such clients, and may include some or all of the previously mentioned securities. Each portfolio will be
designed to meet a particular investment goal, which we determine to be suitable to the client’s circumstances.
Once the appropriate portfolio has been determined, we review the portfolio on a regular basis and if necessary,
rebalance the portfolio based upon the client’s individual needs, stated goals and objectives. Each client has the
opportunity to place reasonable restrictions on the types of investments to be held in the portfolio.
Outsourcing of Certain Investment Operations: We work with various third-party service providers,
including, among others, Envestnet, Inc., to help support the operational needs of managing and servicing
client accounts. Authority provided to the outsourced service providers may include but is not limited to
placing transactions with broker-dealers at our direction, opening accounts with Client’s account custodian,
and facilitating operational requests on the client’s behalf based on instructions provided by our associated
persons. When providing these services, the third-party service provider is acting as an agent of Ten Capital.
FinLife Partners Service Offering: In an effort to enhance the quality and breath of services that we provide
clients, we utilize a suite of digitally powered technology solution offered by FinLife Partners, a division of United
Capital Financial Advisers, LLC (“FinLife Partners”). FinLife Partners provide access to its technology platform
to us that includes use of certain technology platform, training relating to use of such technology platform, and in
some cases certain clerical document and data compilation services. FinLife Partners is not in any way involved
in, or responsible for, the individual investment management or guidance provided to Clients. We pay FinLife
Partners a flat fee for its technology implementation services and fees calculated per percentage-basis formula in
accordance with the volume of clients for whom we utilize such services and/or products. As such, for certain
services offered, clients indirectly contribute to the payment of cost of services paid to FinLife Partners. Relating
to the cost for services, we are financially incentivized to refer clients to United Capital, creating a conflict of
interest. Financial incentives are described above, but it is important for the client to know that participation in
the technology provided by FinLife Partners is at their complete discretion.
Ten Capital may also engage various third party sub-advisers to provide investment supervisory services to
clients. It is important to know that the sub-advisor will have discretionary authority for the day-to-day
management of the assets. The sub-advisor fees will be determined by a separate agreement between the client
and the sub-advisor and are in addition to the Ten Capital fee.
In addition, Ten Capital may also utilize asset allocation systems offered by unaffiliated third parties. We offer
individualized investment advice to clients utilizing our Asset Management services. Typically, Asset
Management clients do not to impose restrictions on investing in certain securities or types of securities due to
the level of difficulty this would entail in managing their account.
Financial Planning and Consulting: We may provide a variety of Financial Planning and Consulting services
to individuals, families and
other clients regarding the management of their financial resources based upon an
analysis of the client’s current situation, goals, and objectives. Generally, such Financial Planning services will
involve preparing a financial plan, specific investment advice or rendering a financial consultation for clients
based on the client’s financial goals and objectives. This planning or consulting may encompass one or more of
the following areas: Investment Planning, Retirement Planning, Estate Planning, Charitable Planning, Education
Planning, Cost Segregation Study, Corporate Structure, Real Estate Analysis, Mortgage/Debt Analysis, Insurance
Analysis, Lines of Credit Evaluation, Business and Personal Financial Planning.
Our written financial plans or financial consultations rendered to clients usually include general recommendations
for a course of activity or specific actions to be taken by the clients. For example, recommendations may be made
that the clients begin or revise investment programs, create or revise wills or trusts, obtain or revise insurance
coverage, commence or alter retirement savings, or establish education or charitable giving programs. It should
also be noted that we refer clients to an accountant, attorney or other specialist, as necessary for non-advisory
related services. For written financial planning engagements, we provide our clients with a written summary of
their financial situation, observations, and recommendations. Unless we directly manage client assets the
implementation of the recommendations made by us will be at the discretion of the Financial Planning and
Consulting clients
We may provide clients access to our automated investment program called, “Buckets”. Buckets offers clients a
range of investment strategies that consists of a diversified portfolio of exchange-traded funds (ETF) and/or
mutual funds. Strategies selected for clients in the Buckets program will utilize an automated process to determine
investment objectives and risk tolerance, so it is important to know that clients are not receiving individual
customized investment selections.
Retirement Plan Advisory Services: We provide Non-Discretionary Investment Advisory and Consulting
Services to employer-sponsored retirement plans (“Plans”) through our Retirement Plan Advisory Services
(“Plan Services”). Through our Fiduciary Plan Services, we provide Non-Discretionary Investment Advisory
Services for investment recommendations to the Plan, although the Plan maintains full discretionary authority
and control over Plan assets. We charge a fee for Plan Services as shown on 401(k) Advisory Agreement
(“Plan Agreement”) and further described in Item 5 below. We will perform these investment advisory services
to the Plan as a fiduciary defined under ERISA Section 3(21) and will act with the degree of diligence, care and
skill that a prudent person rendering similar services would exercise under similar circumstances. Plan Services
provided may include investment advice and recommendations; Assistance in the development of an Investment
Policy Statement (“IPS”); The preparation of periodic investment advisory reports for investment review;
Meeting with Plan on a periodic basis to discuss investments; Providing investment advice for the selection of a
qualified default investment alternative. Non-Fiduciary Plan Services offered for Consulting Services include
assistance in the education of Plan participants; Assistance with group enrollment meetings; or generalized
investment advice for participants about investments and/or retirement planning.
If outside brokerage accounts are authorized and permitted by the Plan, we may provide Asset Management
Services and/or Financial Planning and Consulting (see above) to individual Plan participants. These Plan
Participants must enter a separate agreement and open a segregated advisory (brokerage) account. It is important
to know that this could create a conflict of interest in that there is a higher fee charged to clients who elect to
receive these additional services.
Assets Under Management: As of 12/31/2022 we managed approximately $913,068,185 in assets. Of this
amount, approximately $824,307,353 was managed on a discretionary basis and approximately $88,760,832 was
managed on a non-discretionary basis.