Qplum LLC (Jersey City)

Name: Qplum LLC
Address: 185 Hudson Street, Jersey City, NJ, 07311
Telephone: 201-377-2302

Qplum LLC is an internet adviser based in Jersey City. It manages $76.81 million of regulatory assets for 632 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Arizona, California, Colorado, and 23 other states.

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

Qplum: assets under management

The assets under management (AUM) of Qplum LLC is $76.81 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 116207% since the beginning of its operation, and $32.57 million of the total AUM is attributable to clients outside of the United States.

The firm manages $76.81 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $121.54 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 99% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Qplum LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Qplum serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Qplum is individuals with 607 clients and $34.47 million of assets under management. Among the 3 most similar advisory firms, Qplum has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $76.81 million for 726 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.

Qplum doesn't advise any private funds.

Careers at Qplum LLC

The company employs 33 people that are either part- or full-time employees. 15 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.

Gaurav "Nmn" Chakravorty has served as the Chief Investment Officer since 1 Oct 2015. Sommet Llc joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Sommet Llc	Owner	1 Oct 2015	75% - 100%	27-4484936
Mansi "Nmn" Singhal	Chief compliance officer/managing member	1 Oct 2015	Other	4977568
Gaurav "Nmn" Chakravorty	Chief investment officer/managing member	1 Oct 2015	Other	6477034
Inc. Qplum	Owner	1 Oct 2015	75% - 100%	27-4484936

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Mansi "Nmn" Singhal	Chief compliance officer/managing member	1 Apr 2015	50% - 75%	4977568
Gaurav "Nmn" Chakravorty	Managing member	1 Apr 2015	50% - 75%	6477034
Gaurav Chakravorty	Managing member	1 Apr 2015	50% - 75%	6477034

Based in Jersey City

The principal office where Qplum LLC performs its advisory services is located at 185 Hudson Street, Jersey City, NJ 07311, 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 201-377-2302 or by fax 201-604-5422. The normal business hours are 8:00 am - 6:00 pm on Monday - Friday. You can find more information about the New York firm at qplum.co.