Qp Consulting

CRD#129601
Investment Advisor Firm

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Learn more about Qp Consulting

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Qp Consulting operates as a financial advisory company headquartered in Takoma Park, Maryland. The firm has $374.8 million in assets under management over 69 customer accounts, placing it among the larger financial advisory firms in the nation by assets under management (AUM). It has a small group, including 1 financial advisor. Qp Consulting is not a registered broker-dealer, signifying that the company cannot buy and sell securities for its accounts and those of its customers and instead is required to go through a broker-dealer firm to do so. Securities are defined as exchangable financial investments such as equities, options and bonds.

    Qp Consulting administers more than half of the company's client assets in a discretionary manner. Discretionary management is a structure in which an investment advisor has the discretion to make buy and sell decisions without needing to seek the client's permission. The firm also has 31 non-discretionary accounts totaling $325.3 million in assets. Qp Consulting administers about $5.4 million in assets for every client account. The typical financial advisor at Qp Consulting oversees about 69 client accounts, placing it towards the middle in terms of personalization.

    Qp Consulting's central office is located at 6930 Carroll Avenue, Takoma Park, Maryland 20912. The firm is registered to serve clients throughout 5 states, including District of Columbia, Indiana, Maryland, Texas and Virginia.

    Assets Under Management

    $374.8 million

    Number of Advisors

    1

    Disclosures

    No

    Office Location

    6930 Carroll Avenue
    Takoma Park, MD 20912

    Qp Consulting by the Numbers

    Total Assets Under Management

    $374.8 million

    National Average: $8.6 billion
    Total Number of Employees

    2

    National Average: 64
    Total Number of Accounts

    69

    National Average: 375,227
    Average Account Size

    $5.4 million

    National Average: $23.0 thousand
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    Fee Structure

    Financial advisory fees usually are based on which services the firm provides the client. However, fee types billed by the company can include the following fee structures: asset-based, hourly, fixed or other. Qp Consulting does not provide a wrap fee program, in which the firm offers a service bundle for a comprehensive 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.

    Back to Overview

    Types of Clients

    The company caters to retail investors, high net worth investors and pension plans. Out of its 69 accounts, Qp Consulting's largest client type by number of accounts is pension plans, although it also manages money for 20 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 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 reside abroad.

    • High-Net-Worth Individuals* - 29.85%
    • Other Individuals - 23.88%
    • Corporations - 46.27%
    • 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

    Qp Consulting does not have any disclosures.

    Please visit its Form ADV for more details.

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