Quarve Associates, LLC

CRD#112160
Investment Advisor Firm

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Overview

Quarve Associates, LLC is an advisory firm based in Stamford, Connecticut. Quarve Associates, LLC manages $34.2 million in assets under management over 28 client accounts. It has a small team of one employee. Quarve Associates, LLC does not act as a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer company to do so. Securities are defined as exchangable fiscal assets such as equities, bonds and options.

Quarve Associates, LLC manages all of the company's accounts in a discretionary manner. Discretionary management is a structure in which an investment advisor makes buy and sell choices without needing the client's consent. The investment advisory firm supervises an average of $1.2 million in assets for every account. $100,001 to $500,000 of their investments for financial planning services were in securities, with under $100,000 placed in non-securities.

Quarve Associates, LLC's central office is at One Atlantic Street, Stamford, Connecticut 06901-2482. The firm is allowed to provide services to investors in the state of Connecticut.

Assets Under Management

$34.2 million

Disclosures

No

Office Location

One Atlantic Street
Stamford, CT 06901-2482

Quarve Associates, LLC by the Numbers

Total Assets Under Management

$34.2 million

National Average: $3.7 billion
Total Number of Employees

1

National Average: 29
Total Number of Accounts

28

National Average: 2,073
Average Account Size

$1.2 million

National Average: $1.8 million

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Products and Services

Services provided by Quarve Associates, LLC can include financial planning services and portfolio management for individuals and small businesses. Notably, Quarve Associates, LLC did not provide any of its customers with financial planning services in the prior financial year. The company is not involved in selling products or offering services other than investment advisory services to its investment advisory clients.

Core Advisor Services

  • Offered by 45% 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 62% 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

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Fee Structure

Financial advisory fees are based on which service is provided. Fee types billed by the firm can consist of any combination of the following fee types: asset-based or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the company.

Available

  • Offered by 74% 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 40% 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.

Unavailable

  • Find one of the 35% of firms that offer this fee type

    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.

  • Find one of the 2% 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 17% 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 1% 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.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

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

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Types of Clients

It caters to retail investors and high net worth investors. Out of its 28 accounts, Quarve Associates, LLC's largest client type by number of accounts is retail investors, though it also caters to five high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 under management or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its customers are represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 35.71%
  • Other Individuals - 64.29%
  • Corporations - 0%
  • Charitable Organizations - 0%

* 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

Quarve Associates, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Quarve Associates, LLC

Frank Welch
Stamford, CT

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This content was compiled from the SEC and FINRA