Quadrant Private Wealth Management, LLC (Bethlehem)

Quadrant Private Wealth Management, LLC is a large advisory firm based in Bethlehem. It manages $622.23 million of regulatory assets for 1,160 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Connecticut, Florida, and 8 other states.

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

Quadrant Private Wealth Management: assets under management

The assets under management (AUM) of Quadrant Private Wealth Management, LLC is $622.23 million. The firm's AUM has grown by 24% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $620.01 million in discretionary accounts and $2.22 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $538.67 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $246.67 thousand.

Quadrant Private Wealth Management has custody of $301.41 million in cash and securities for 207 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 30% of the total AUM. The second-largest asset type is state and local bonds, which make up 20% of the firm’s portfolio. Investments in other assets form 18% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Quadrant Private 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 Quadrant Private Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Quadrant Private Wealth Management is high net worth individuals with 150 clients and $545.56 million of assets under management. Among the 10 most similar advisory firms, Quadrant Private Wealth Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $622.23 million for 358 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.

Quadrant Private Wealth Management doesn't advise any private funds.

Careers at Quadrant Private Wealth Management, LLC

The company employs 9 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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
Brian Christopher Cort	Chief compliance officer	1 Jul 2015	Other	4317157
Herman Lubomir Rij	Founder	1 Jul 2015	Other	376692
Jason Brewer Cort	Founder	1 Jul 2015	Other	2634908
Kori Rij Lannon	Founding partner	1 Jul 2015	Other	5410863
Llc Focus Operating	Member (manager)	1 Jul 2015	75% - 100%	20-8161914

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Focus Financial Partners	Member	1 Jan 2007	75% - 100%	16-172860
L.P. Cp Falcon Aiv	Member	1 Oct 2013	25% - 50%	36-4767158
L.P. Trident Vi Parallel Fund	Member	1 Apr 2017	75% - 100%	98-1132009
Llc Trident Ffp Blocker	Limited partner	1 May 2017	25% - 50%	82-1662776
L.P. Trident Vi	Limited partner	1 May 2017	25% - 50%	98-1131820
L.P. Trident Ffp	Member	1 Jul 2017	25% - 50%	82-1662703
Focus Financial Partners Inc.	Member	1 Jul 2018	75% - 100%	47-4780811

Based in Bethlehem

The principal office where Quadrant Private Wealth Management, LLC performs its advisory services is located at 2 West Market Street, Bethlehem, PA 18018, 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 610-849-2743. The normal business hours are 8:30 am - 4:30 pm on Monday - Friday.