Quantitative Advantage, LLC is a large advisory firm based in Minnetonka. It manages $408.91 million of regulatory assets for 1,692 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Arizona, California, Colorado, and 28 other states.
Quantitative Advantage provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and advice to individuals regarding retirement plan investments. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Quantitative Advantage, LLC is $408.91 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 11% since the beginning of its operation, and $2.25 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Quantitative Advantage, LLC for their services and products based on a percentage of assets under management, hourly charges, 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.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Quantitative Advantage is high net worth individuals with 133 clients and $240.56 million of assets under management. Among the 11 most similar advisory firms, Quantitative Advantage has the 6th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $408.91 million for 995 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Quantitative Advantage doesn't advise any private funds.
The company employs 17 people that are either part- or full-time employees. 76 percent of the employees work as investment advisers or researchers. 9 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Quantitative Advantage, LLC performs its advisory services is located at 10400 Yellow Circle Drive, Minnetonka, MN 55343, 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 952-767-8007 or by fax 952-767-8009. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at qaglobal.net/ and its LinkedIn profile.