Qbi Financial, LLC (Charlotte)

Name: Qbi Financial, LLC
Address: 6302 Fairview Road, Charlotte, NC, 28210
Telephone: 980 859 5660

Qbi Financial, LLC is an adviser based in Charlotte. It manages $14.61 million of regulatory assets for 175 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of North Carolina.

Qbi Financial 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.

Qbi Financial: assets under management

The assets under management (AUM) of Qbi Financial, LLC is $14.61 million. The firm's AUM has grown by 74% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $14.17 million in discretionary accounts and $447.89 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $84.82 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $55.99 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 78% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 17% of the firm’s portfolio. Investments in investment and business development companies form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Qbi Financial, 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 Qbi Financial serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Qbi Financial is high net worth individuals with 52 clients and $11.94 million of assets under management. Among the 1 most similar advisory firms, Qbi Financial has the 0th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $14.61 million for 96 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.

Qbi Financial doesn't advise any private funds.

Careers at Qbi Financial, LLC

The company employs 11 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Rick Cameron Jaster has served as the Chief Investment Officer since 1 Dec 2016. Peter William Beebe joined the executive team most recently as the Managing Principal.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Peter William Beebe	Managing principal	1 Dec 2016	Other	2666023
Rick Cameron Jaster	Chief investment officer	1 Dec 2016	Other	5390035
David L Nielsen	Chief financial officer & chief compliance officer	1 Dec 2016	Other	4905332
Brian Everett Simpson	Managing principal	1 Dec 2016	Other	1767456
Llc Asset Growth Partners	Owner	1 Dec 2016	75% - 100%	81-4856483

Based in Charlotte

The principal office where Qbi Financial, LLC performs its advisory services is located at 6302 Fairview Road, Charlotte, NC 28210, 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 980 859 5660 or by fax 980 859 5670. The normal business hours are 8 am - 5 pm on Monday - Friday. You can find more information about the New York firm at qbifinancial.com.