Qp Wealth Management, LLC (Eatontown)

Name: Qp Wealth Management, LLC
Address: 12 Christopher Way, Eatontown, NJ, 07724
Telephone: (732) 526-2701

Qp Wealth Management, LLC is a large advisory firm based in Eatontown. It manages $114.36 million of regulatory assets for 270 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Florida, New Jersey, and New York.

Qp Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and general and alternative investment consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Qp Wealth Management: assets under management

The assets under management (AUM) of Qp Wealth Management, LLC is $114.36 million. The company doesn't manage any assets belonging to foreign clients.

The firm manages $105.55 million in discretionary accounts and $8.81 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $401.33 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.26 million.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Qp Wealth Management, LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Qp Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Qp Wealth Management is high net worth individuals with 61 clients and $110.15 million of assets under management. Among the 8 most similar advisory firms, Qp Wealth Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $114.36 million for 80 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.

Qp Wealth Management doesn't advise any private funds.

Careers at Qp Wealth Management, LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Wilk Lloyd	Managing member, chief executive officer, and co-chief investment officer	1 May 2019	75% - 100%	2024256
Thomas William Leidner	Managing member and co-chief investment officer	1 May 2019	Other	5676589
Lisa Karen Heerwagen	Managing member, chief operating officer and chief compliance officer	1 May 2019	Other	1288948

Based in Eatontown

The principal office where Qp Wealth Management, LLC performs its advisory services is located at 12 Christopher Way, Eatontown, NJ 07724, 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 (732) 526-2701. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at facebook.com/qpwealthmanagement.