Qic

CRD#161705
Investment Advisor Firm

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Overview

Qic operates as a financial advisory company headquartered in New York, New York. Qic oversees $1.7 billion in assets over five accounts, placing it among the largest firms in the country by assets under management (AUM). Qic has a small team, including 20 financial advisors. Qic does not act as a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer firm to do so. Securities are tradable financial assets like options, stocks and bonds.

Qic oversees more than half of the firm's accounts in a discretionary manner. Discretionary management is a structure in which an investment advisor makes buy and sell decisions for the client's account without needing client authorization. The company also has two non-discretionary accounts totaling $558.4 million in assets under management. Qic manages roughly $339.3 million in assets for every customer account. The typical advisor at Qic oversees fewer than one client account, making it one of the most individualized financial advisor firms in the country.

The firm's headquarters is at 12 East 49Th Street, New York, New York 10017.

Assets Under Management

$1.7 billion

Number of Advisors

20

Disclosures

No

Office Location

12 East 49Th Street
New York, NY 10017

Qic by the Numbers

Total Assets Under Management

$1.7 billion

National Average: $8.6 billion
Total Number of Employees

21

National Average: 64
Total Number of Accounts

5

National Average: 375,227
Average Account Size

$339.3 million

National Average: $23.0 thousand
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Fee Structure

Fees charged by financial advisors usually are based on which service is offered. Fee types charged by Qic most likely are comprised of the following fee structures: asset-based or performance-based. Qic does not participate in a wrap fee program, in which the company 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 26% of firms

    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.

Unavailable

  • Find one of the 21% 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 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 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.

  • Find one of the 32% of firms that offer this fee type

    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.

  • Find one of the 10% 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

The company provides services to pooled investment vehicles. Out of its five accounts, Qic's largest client group by number of accounts is pooled investment vehicles. None of its accounts are non-U.S. persons.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 0%
  • Corporations - 100%
  • 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

Qic does not have any disclosures.

Please visit its Form ADV for more details.

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