Quantum Financial Planning Services, Inc. (Spokane)


Quantum Financial Planning Services, Inc. is a large advisory firm based in Spokane. It manages $316.92 million of regulatory assets for 1,769 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Idaho, Montana, Oregon, and Washington.

Quantum Financial Planning Services provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for approximately 565 clients. On top of advisory services, the firm doesn't engage in other business activities.

Quantum Financial Planning Services: assets under management

The assets under management (AUM) of Quantum Financial Planning Services, Inc. is $316.92 million. The firm's AUM has grown by 7% since the beginning of its operation, and $3.37 million of the total AUM is attributable to clients outside of the United States.

The firm manages $290.38 million in discretionary accounts and $26.54 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $173.57 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $276.46 thousand.
Quantum Financial Planning Services has custody of $359.33 million in cash and securities for 565 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 87% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 11% of the firm’s portfolio. Investments in exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Quantum Financial Planning Services, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Houston Edwin Scrudder serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Houston Edwin Scrudder is high net worth individuals with 117 clients and $172.37 million of assets under management. Among the 7 most similar advisory firms, Quantum Financial Planning Services has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $303.59 million for 560 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.

Quantum Financial Planning Services doesn't advise any private funds.

Careers at Quantum Financial Planning Services, Inc.

The company employs 12 people that are either part- or full-time employees. 42 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.

Quantum Financial Planning Services, Inc. is owned by Jonathan Michael Springstead. Houston Edwin Scrudder has been acting as President since 1 Dec 1998. Micah Stephen Coski joined the executive team most recently as the Vice President.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Houston Edwin Scrudder President 1 Dec 1998 Other 417393
John Albert Nord Secretary 1 Oct 2005 25% - 50% 1208729
Christopher Eric Christiansen Vice president 1 Oct 2005 25% - 50% 3005759
Jonathan Michael Springstead Owner 1 Oct 2011 25% - 50% 5985776
Jonathan M Springstead Client service manager 1 Oct 2011 25% - 50% 5985776
Christopher Eric Christiansen Vice president, cco 1 Jul 2017 25% - 50% 3005759
John Albert Nord Vice president 1 Apr 2018 25% - 50% 1208729
Christopher Eric Christiansen President, cco 1 Apr 2018 50% - 75% 3005759
Micah Stephen Coski Vice president 1 Jul 2018 Other 6002518
Jordan David Curnutt Secretary, treasurer 1 Jul 2018 Other 6425327

Based in Spokane

The principal office where Quantum Financial Planning Services, Inc. performs its advisory services is located at 1212 N Washington St, Spokane, WA 99201 2400, which is also the mailing address of the firm. An additional office of the firm is in Kirkland, WA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 509-328-6653 or by fax 509-328-1469. The normal business hours are 8:00 am - 5:00pm on Monday - Friday. You can find more information about the New York firm at quantumplanning.com.

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