Quad City Investment Advisors, LLC (Moline)


Quad City Investment Advisors, LLC is a large advisory firm based in Moline. It manages $168.66 million of regulatory assets for 388 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Illinois, Iowa, and Texas.

Quad City Investment Advisors provides portfolio management for individuals and small businesses, pension consulting services, 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.

Quad City Investment Advisors: assets under management

The assets under management (AUM) of Quad City Investment Advisors, LLC is $168.66 million. The firm's AUM has gone down by -14% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $118.7 million in discretionary accounts and $49.96 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $337.22 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.39 million.

Investments

The firm invests in non-exchange traded securities the most. They account for 82% of the total AUM. The second-largest asset type is exchange traded securities, which make up 14% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Quad City Investment Advisors, 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 City Investment Advisors 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 City Investment Advisors is individuals with 235 clients and $59.34 million of assets under management. Among the 10 most similar advisory firms, Quad City Investment Advisors has the 4th highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $168.66 million for 290 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.

Quad City Investment Advisors doesn't advise any private funds.

Careers at Quad City Investment Advisors, LLC

The company employs 6 people that are either part- or full-time employees. 83 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Quad City Bank & Trust Company Managing member 1 Feb 2008 75% - 100% 42-1410409
William Jay Grimes Member 1 Jan 2010 Other 1031503
David Charles Howell Member 1 Jan 2010 Other 2511285
Cynthia Marie Carlson Managing member 1 Jan 2010 Other 1062894
Michael Alan Einfeldt Member 1 Jan 2010 Other 1279683
Bradley Jay Mitchell Member 1 Jan 2010 Other 4391217
Susan Joyce Serre Chief compliance officer 1 Jan 2011 Other 4221161
Cynthia Marie Carlson Chief compliance officer 1 Jun 2015 Other 1062894

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Inc. D/B/A Quad City Bank & Trust Company Qcr Holdings Owner 1 Feb 2008 75% - 100% 42-1410409
Inc. Qcr Holdings Parent company/shareholder 1 Feb 2008 75% - 100% 42-1397595

Based in Moline

The principal office where Quad City Investment Advisors, LLC performs its advisory services is located at 3551 7 Th Street, Moline, IL 61265, which is also the mailing address of the firm. An additional office of the firm is in Davenport, IA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 309-743-3580 or by fax 309-736-3895. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at qcbt.com.