Iqvestment, LLC (Woburn)

Name: Iqvestment, LLC
Address: 12 Gill St., Woburn, MA, 01801
Telephone: 877-486-4702

Iqvestment, LLC is an internet adviser based in Woburn. It manages $34.17 thousand of regulatory assets for 21 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdiction of Massachusetts.

Iqvestment 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.

Iqvestment: assets under management

The assets under management (AUM) of Iqvestment, LLC is $34.17 thousand, all of which is managed in discretionary accounts. The firm's AUM has gone down by -46% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $34.17 thousand in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.63 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 92% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 7% of the firm’s portfolio. Investments in other assets form 1% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Iqvestment, LLC for their services and products based on fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Iqvestment serves?

The only and largest group of clients of Iqvestment is high net worth individuals with 2 clients and $2.34 thousand of assets under management. Among the 3 most similar advisory firms, Iqvestment has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.34 thousand for 2 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.

Iqvestment doesn't advise any private funds.

Careers at Iqvestment, LLC

The company employs 4 people that are either part- or full-time employees. 50 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 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.

Iqvestment, LLC is owned by Edward James Lund. Ethan Teel Brown joined the executive team most recently as the Director Of Trading And Operations.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Jay Morton	Managing member, director	1 Apr 2012	Other	2238613
Timothy Michael Kaelin	Member [non-employee]	1 Sep 2014	Other	6027419
Kevin Patrick Lane	Chief compliance officer	1 Jan 2018	Other	2366019
Robert James Bogart	Chief executive officer	1 Apr 2018	25% - 50%	5769217
Edward James Lund	Owner	1 Dec 2018	Other	5304137
William Paul Morrissey	Owner	1 Dec 2018	Other	1575389
Plg Consulting	Passive owner	1 Jan 2019	25% - 50%	81-0917266
Ethan Teel Brown	Director of trading and operations	1 Apr 2019	Other	6477044

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Peter Leland Getz	Principal	1 Mar 2016	75% - 100%	1310930

Based in Woburn

The principal office where Iqvestment, LLC performs its advisory services is located at 12 Gill St., Woburn, MA 01801, 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 877-486-4702. The normal business hours are 9am-4pm on Monday - Friday. You can find more information about the New York firm at iwww.iqvestment.com.