Simon Quick Advisors, LLC

CRD#132330
Investment Advisor Firm

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Learn more about Simon Quick Advisors, LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Simon Quick Advisors, LLC operates as a financial advisor firm based in Morristown, New Jersey. It oversees $5.1 billion in assets throughout 4,811 customer accounts, placing it among the largest investment advisory firms in the country by assets under management (AUM). The firm has an average-sized team, including 28 financial advisors. Simon Quick Advisors, LLC is not a registered broker-dealer, meaning the advisor is not able to buy and sell securities for its customers' and own accounts and instead is required to go through a broker-dealer company to do so. Securities are defined as exchangable financial assets like stocks, options and bonds.

    Simon Quick Advisors, LLC administers more than half of its accounts in a discretionary manner. Discretionary management is a structure in which buy and sell choices are made by a portfolio manager without requiring client permission. The company also oversees 616 non-discretionary accounts totaling $565.5 million in assets under management. Simon Quick Advisors, LLC's typical account size is $1.1 million. The average advisor at Simon Quick Advisors, LLC oversees about 172 client accounts.

    The company's central office is located at 360 Mt. Kemble Ave, Morristown, New Jersey 7960. It is legally allowed to serve clients throughout 12 U.S. states and territories.

    Assets Under Management

    $5.1 billion

    Number of Advisors

    28

    Disclosures

    No

    Office Location

    360 Mt. Kemble Ave
    Morristown, NJ 07960

    Simon Quick Advisors, LLC by the Numbers

    Total Assets Under Management

    $5.1 billion

    National Average: $8.6 billion
    Total Number of Employees

    75

    National Average: 64
    Total Number of Accounts

    4,811

    National Average: 375,227
    Average Account Size

    $1.1 million

    National Average: $23.0 thousand
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    Products and Services

    Simon Quick Advisors, LLC provides multiple financial services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services and selection of other advisers. In the past financial year, Simon Quick Advisors, LLC provided financial planning services to 51-100 of its clients. The company is involved in selling products or offering services apart from investment advice to its clients. The company also has a number of financial industry affiliations, including with a commodity pool advisor.

    Core Advisor Services

    • Offered by 31% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    A financial advisor's fees typically vary depending on the services offered. Fees billed by Simon Quick Advisors, LLC most likely include any blend of the following fee types: asset-based, hourly, fixed or other. The firm does not participate in a wrap fee program, in which the firm offers a service bundle for a single fee.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 21% of firms

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Offered by 10% of firms

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Unavailable

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

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    Types of Clients

    The company manages money for a number of different investors. It provides services to retail investors, high net worth investors, pooled investment vehicles, pension plans, charitable organizations, other investment advisers, insurance companies and corporations. Out of its 4,811 clients, Simon Quick Advisors, LLC's biggest client group by number of accounts is high net worth investors, though it also serves 424 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 in AUM or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of the firm's customers are from outside of the U.S.

    • High-Net-Worth Individuals* - 61.63%
    • Other Individuals - 32.85%
    • Corporations - 2.03%
    • Charitable Organizations - 3.49%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Simon Quick Advisors, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Simon Quick Advisors, LLC

    David Hedley
    Morristown, NJ
    Brian Hipwell
    New York, NY
    Steven Pisano
    Morristown, NJ
    Thomas Trynin
    Morristown, NJ
    Anthony Santoro
    Morristown, NJ
    Anders Velischek
    Morristown, NJ
    Thomas Morr
    Morristown, NJ
    Christos Thomas
    Morristown, NJ
    William Lalor
    Morristown, NJ

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