Empowered Funds, operating under the name ETF Architect, acts as an investment adviser that provides sub-advisory services, trading implementation, and operational support to other registered investment advisors, including its affiliate Alpha Architect. Empowered Funds operates a white-label exchange-traded fund platform that helps third-party fund sponsors launch and manage exchange-traded funds. Empowered Funds does not directly manage individual retail client portfolios or provide direct financial planning to individual investors. Instead, its relationships are contractual agreements with other investment advisory firms or exchange-traded fund trusts. Empowered Funds handles trade execution and operational support based on instructions provided by other advisors while those advisors retain full portfolio management responsibility.