Kyle Wiggs
Independence should not cost you the infrastructure.
I co-founded the companies that build what sits underneath independent advisory firms: investment strategies, risk analytics, and THOR ONE, the platform an independent firm runs on.
Advisors: the platform and how it is paid. Press: bio and headshot. Parents: Civly.
- CRD 5159325, investment advisor representative, UX Wealth Partners
- Co-founder of UX Wealth Partners, THOR, riskDNA AI, and Civly
- In financial services since 2006
- Centennial, Colorado
The problem I kept running into
Advisors are told that going independent means giving up the tooling.
I spent the first part of my career on the institutional side, building national distribution and working directly with independent advisors. The pattern repeated. You left a large firm to own your book. Within eighteen months you were the operations department.
Sunday night rebalancing. Two performance systems that disagreed about the same account. A compliance file assembled by hand. One person, the founder, who was the only one who understood how any of it fit together.
None of that is a failure of the advisor. The infrastructure was built for firms with two hundred employees, and it was priced and packaged accordingly. Below a certain size you were expected to improvise.
You should not have to choose between owning your firm and having the machinery to run it.
That sentence is the reason three of the companies exist. The fourth is a different story; the Civly page tells it.
The idea
Tolerance is stated. Capacity is calculated. Behavior is revealed.
A risk questionnaire measures the first and is treated as all three. Two clients with the same score can have plans that break at very different losses, and act very differently when the loss arrives. The disagreement between the three is where the advice is.
riskDNA AI, which I co-founded, builds risk analytics on this premise and is funded by asset managers; its page says how.
The companies
One platform, the strategies on it, and a risk engine.
THOR Financial Technologies, founded in 2018, builds rules-based investment strategies. UX Wealth Partners, founded in 2020, built the platform independent advisors run their firms on, where advisors choose the models: other managers’, their own, or THOR’s. UX Wealth, riskDNA, and THOR are now one firm, THOR, and the platform UX Wealth built, Xperience, is now THOR ONE.
Advisory services continue to be provided by UX Wealth Partners LLC; THOR Financial Technologies, LLC remains a separately registered investment advisor. Brad Roth is chief investment officer of both THOR and UX Wealth Partners. In the UX Wealth Partners role he leads the model marketplace on THOR ONE, where THOR’s models sit beside other managers’. That shared role is a conflict of interest. THOR Financial Technologies, LLC advises three exchange-traded funds. They are publicly available; THOR ONE does not recommend, require, or favor them, and if a client holds them, THOR Financial Technologies earns the funds’ management fee. The disclosures page sets out how the platform, THOR, and riskDNA are paid.
Co-founder & partner · Strategies
THOR Financial Technologies
Rules-based strategies, offered as model portfolios and through three exchange-traded funds. Founded in 2018.
Co-founder · Platform
UX Wealth Partners and THOR ONE
The firm and its platform, which runs the operational side of an independent firm so the founder stops being the operations department. Founded in 2020.
Co-founder · Risk
riskDNA AI
Risk analytics built on the premise that tolerance, capacity, and behavior are three different things, and that a questionnaire measures only the first.
Co-founder · Co-parenting
Civly
A co-parenting coordination platform. Different customers, different rules, and no shared technology with the other three.
The record
Things you can check without taking my word for it.
Trade press
WealthManagement.com
Ten to Watch, 2025 list, announced December 2024. An editorial selection with no application, voting, or payment.
Recognition
Every listing, with its terms
Publisher, date, criteria, and compensation status for each.
Writing
What I think about this work.
Short pieces on independence, technology, portfolio construction, and running a firm. No performance claims, no predictions, and nothing behind a form.
Independence
Going independent
What the move costs, what you can take with you, and the eighteen-month wall.
Technology & AI
Technology and AI
Where artificial intelligence helps an advisory firm, and where it is being sold as something it is not.
Portfolios & risk
Portfolios and risk
Systematic investing, what a risk score does and does not measure, and how model portfolios actually work.
The idea I would most like someone to argue with is The Three Risks: that tolerance, capacity, and behavior are three different things the industry collapses into one score.
Contact
How to reach me.
Email and phone are on the contact page, along with the right route for an advisor, a journalist, someone I have met, someone looking for work, a prospective partner or investor, a parent, or someone who thinks a page here is wrong.