Quantum Financial Planning Services, Inc. is a large advisory firm based in Spokane. It manages $316.92 million of regulatory assets for 1,769 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Idaho, Montana, Oregon, and Washington.
Quantum Financial Planning Services provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for approximately 565 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Quantum Financial Planning Services, Inc. is $316.92 million. The firm's AUM has grown by 7% since the beginning of its operation, and $3.37 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Quantum Financial Planning Services, Inc. for their services and products based on a percentage of assets under management, hourly charges, 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.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Houston Edwin Scrudder is high net worth individuals with 117 clients and $172.37 million of assets under management. Among the 7 most similar advisory firms, Quantum Financial Planning Services has the 4th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $303.59 million for 560 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.
Quantum Financial Planning Services doesn't advise any private funds.
The company employs 12 people that are either part- or full-time employees. 42 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.
Quantum Financial Planning Services, Inc. is owned by Jonathan Michael Springstead. Houston Edwin Scrudder has been acting as President since 1 Dec 1998. Micah Stephen Coski joined the executive team most recently as the Vice President.
The principal office where Quantum Financial Planning Services, Inc. performs its advisory services is located at 1212 N Washington St, Spokane, WA 99201 2400, which is also the mailing address of the firm. An additional office of the firm is in Kirkland, WA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 509-328-6653 or by fax 509-328-1469. The normal business hours are 8:00 am - 5:00pm on Monday - Friday. You can find more information about the New York firm at quantumplanning.com.