Quantitative Advantage, LLC (Minnetonka)

Name: Quantitative Advantage, LLC
Address: 10400 Yellow Circle Drive, Minnetonka, MN, 55343
Telephone: 952-767-8007

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.

Quantitative Advantage: assets under management

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 firm manages $408.91 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $241.67 thousand each.

Quantitative Advantage has custody of $86.16 million in cash and securities for 276 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 93% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio. Investments in pooled investment vehicles form 2% of the total invested assets.

Fees & Commissions

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.

What kind of clients Quantitative Advantage serves?

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.

Careers at Quantitative Advantage, LLC

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Guy Fox	Member, governor	1 Feb 2000	Other	1337778
John William Wing	Chief executive officer, member, governor	1 Feb 2000	25% - 50%	1769183
Larry Francis Gehl	Member, governor	1 Nov 2000	Other	4952785
Todd Michael Friesen	Member, governor	1 Sep 2001	Other	6049131
Ted Robert Storlie	Member, governor	1 Dec 2002	Other	4952792
Larry Francis Gehl	Member	1 Dec 2002	Other	4952785
Peter Graham Van Der Leeuw	Chief operating officer, chief compliance officer, general counsel, member, governor	1 Oct 2009	Other	5745786
Megan Elizabeth Edwards	Chief compliance officer	1 May 2012	Other	2791063
Kurt Alan Brandt	Chief financial officer, member, governor	1 Mar 2013	Other	6317957
Daniel Darrin Westin	Member, governor	1 Jan 2015	Other	4198039
James Russell Ferrin	Chief investment officer, member, governor	1 Jan 2015	Other	2668520
Kyle Paul Olson	Member, governor	1 Jan 2015	Other	4474929
Llc Qa Acquisition	Member (class a)	1 Oct 2018	Other	37-1909516

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
John William Wing	Chief executive officer, member, governor	1 Oct 2018	25% - 50%	1769183

Based in Minnetonka

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.