Qplum LLC is an internet adviser based in Jersey City. It manages $76.81 million of regulatory assets for 632 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Arizona, California, Colorado, and 23 other states.
Qplum provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Qplum LLC is $76.81 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 116207% since the beginning of its operation, and $32.57 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Qplum LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Qplum is individuals with 607 clients and $34.47 million of assets under management. Among the 3 most similar advisory firms, Qplum has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $76.81 million for 726 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Qplum doesn't advise any private funds.
The company employs 33 people that are either part- or full-time employees. 15 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Gaurav "Nmn" Chakravorty has served as the Chief Investment Officer since 1 Oct 2015. Sommet Llc joined the executive team most recently as the Owner.
The principal office where Qplum LLC performs its advisory services is located at 185 Hudson Street, Jersey City, NJ 07311, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 201-377-2302 or by fax 201-604-5422. The normal business hours are 8:00 am - 6:00 pm on Monday - Friday. You can find more information about the New York firm at qplum.co.