Quaker Wealth Management LLC (Moorestown)

Name: Quaker Wealth Management LLC
Address: 101 W Main St., Moorestown, NJ, 08057
Telephone: 856-222-0110

Quaker Wealth Management LLC is a large advisory firm based in Moorestown. It manages $197.63 million of regulatory assets for 795 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Florida, New Jersey, Pennsylvania, and Texas.

Quaker Wealth Management provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Quaker Wealth Management: assets under management

The assets under management (AUM) of Quaker Wealth Management LLC is $197.63 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 97% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $197.63 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $248.59 thousand each.

Quaker Wealth Management has custody of $27.53 thousand in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 80% of the total AUM. The second-largest asset type is exchange traded securities, which make up 13% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Quaker Wealth Management LLC 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.

What kind of clients Quaker Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Quaker Wealth Management is high net worth individuals with 52 clients and $117.77 million of assets under management. Among the 8 most similar advisory firms, Quaker Wealth Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $195.75 million for 341 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.

Quaker Wealth Management doesn't advise any private funds.

Careers at Quaker Wealth Management LLC

The company employs 7 people that are either part- or full-time employees. 71 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Daniel Richard Roccato	Managing member/cco	1 Jul 2016	50% - 75%	1616089
John Robert Gregg	Member	1 Jul 2016	25% - 50%	2526243

Based in Moorestown

The principal office where Quaker Wealth Management LLC performs its advisory services is located at 101 W Main St., Moorestown, NJ 08057, 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 856-222-0110. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at quakerwm.com/ and its LinkedIn profile.