Qienna Wealth Management Inc. (Ciudad De Buenos Aires)

Name: Qienna Wealth Management Inc.
Address: Roseti 125, Ciudad De Buenos Aires, 1419
Telephone: +1(610)765-6008

Qienna Wealth Management Inc. is an internet adviser based in Ciudad De Buenos Aires. It manages $10.5 million of regulatory assets for 4,500 client accounts. It has been registered with the SEC as an adviser since 2016.

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

Qienna Wealth Management: assets under management

The assets under management (AUM) of Qienna Wealth Management Inc. is $10.5 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 950% since the beginning of its operation, and $10.5 million of the total AUM is attributable to clients outside of the United States.

The firm manages $10.5 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.33 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 95% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Qienna Wealth Management Inc. for their services and products based on a percentage of assets under management, subscription fees, 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 Qienna Wealth Management serves?

The only and largest group of clients of Qienna Wealth Management is individuals with 4,500 clients and $10.5 million of assets under management. Among the 2 most similar advisory firms, Qienna Wealth Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $10.5 million for 4,500 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 100% of the firm’s clients are foreign persons or businesses.

Qienna Wealth Management doesn't advise any private funds.

Careers at Qienna Wealth Management Inc.

The company employs 15 people that are either part- or full-time employees. 7 percent of the employees work as investment advisers or researchers. No 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Nicolas Andres Galarza	Chief executive officer chief compliance officer	1 Feb 2016	50% - 75%	6441923
Nelson Damian Murstein	Chief technology officer	1 Feb 2016	Other	6623011
Joaquin Veiras	Chief technology officer	1 Jan 2017	Other	6874731
Roberto Ripari	Chief marketing officer	1 Jan 2017	Other	6874734

Based in Ciudad De Buenos Aires

The principal office where Qienna Wealth Management Inc. performs its advisory services is located at Roseti 125, Ciudad De Buenos Aires, 1419, 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 +1(610)765-6008. The normal business hours are 10 am - 4 pm on Monday - Friday. You can find more information about the New York firm at quiena.com.