Quad Cities Investment Group, LLC (Davenport)


Quad Cities Investment Group, LLC is a large advisory firm based in Davenport. It manages $159.12 million of regulatory assets for 1,059 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 7 other states.

Quad Cities Investment Group provides financial planning services, portfolio management for individuals and small businesses, and pension 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.

Quad Cities Investment Group: assets under management

The assets under management (AUM) of Quad Cities Investment Group, LLC is $159.12 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 32% since the beginning of its operation, and $218.62 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $159.12 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $150.25 thousand each.
Quad Cities Investment Group has custody of $86.52 million in cash and securities for 112 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 64% of the total AUM. The second-largest asset type is investment and business development companies, which make up 24% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Quad Cities Investment Group, LLC for their services and products based on a percentage of assets under management. 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 Quad Cities Investment Group serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Quad Cities Investment Group is high net worth individuals with 45 clients and $86.11 million of assets under management. Among the 8 most similar advisory firms, Quad Cities Investment Group has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $155.36 million for 392 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.

Quad Cities Investment Group doesn't advise any private funds.

Careers at Quad Cities Investment Group, LLC

The company employs 9 people that are either part- or full-time employees. 78 percent of the employees work as investment advisers or researchers. 7 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
Laura Ann Swift Member 1 May 2010 25% - 50% 4117964
Scott Lee Stoltenberg Member and chief compliance officer 1 May 2010 25% - 50% 2805153
Wayne Allen Wagner Member and chief compliance officer 1 May 2010 25% - 50% 456548
Christine Ann Mcelvania Member 1 Jan 2015 Other 6253655

Based in Davenport

The principal office where Quad Cities Investment Group, LLC performs its advisory services is located at 5177 Utica Ridge Road, Davenport, IA 52807, 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 563-484-5000 or by fax 563-449-5651. The normal business hours are 8:00am - 4:30pm on Monday - Friday. You can find more information about the New York firm at quadcitiesinvestmentgroup.com and its LinkedIn profile.