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RIA / WealthRegistered adviserindependent wealth managerSEC registeredRAUM under $100M

QAPITAL INVEST, LLC

CRD 283762

NEW YORK, NY

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:d1f7b7c7-fb98-fbeb-cc1a-43044f0a722f

Data as of Jan 30, 2026 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 9:04 PM UTC and rebuilt at most every 15 minutes.

Relationships: 19
Dated events: 5
On other graphs: 0
Observed: May 25, 2016 to Jan 30, 2026
25 observations

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: independent wealth managerderivedprivate_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=true related_bank=false bd_reps=1.0
Regulatory AUM: $42.1MItem 5.F on the latest filing (2026-01-30); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $42.1M
Private client RAUM: $42.1MderivedItem 5.D individuals plus high net worth individuals
Private client share: 100%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 1
RAUM per advisor: $42.1Mderivedthe firm's RAUM over its IAPD headcount: a firm average, never a person's book
Employees: 9
Advisory employees: 1
Offices: 0Schedule D 1.F, beyond the principal office
Accounts: 30,166
Individual clients: 30,166
Custody, client assets: $0
SEC number: 801-112184
CRD: 283762
Filings on the tape: 25
First filed: May 25, 2016
Latest filed: Jan 30, 2026
Organised: Limited Liability Company, DE
Website: qapital.com

Advisors on IAPD

current investment adviser representatives on the IAPD individual feed, longest tenure first

Advisor	Designations	Branch	Years here	In industry	Prior firms	Dual registered
WILLIAM CULLEN ROGERS	n/a	Houston, TX \| NEW YORK, NY	7	16	3	no

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
BULGER, MARK, ANDREW	CHIEF COMPLIANCE OFFICER	Na	yes	06/2024	Jun 17, 2024	Sep 30, 2024
PAULINO, FRANCIS, N	Manager	Na	yes	01/2021	Apr 1, 2021	Sep 30, 2024
QAP 2.0, LLC	Shareholder	E	yes	01/2021	Apr 1, 2021	Sep 30, 2024
QAPITAL STACK, INC.	Shareholder	E	yes	01/2021	Jan 11, 2022	Sep 30, 2024
QAPITAL, LLC	SOLE MEMBER	E	yes	01/2021	Apr 1, 2021	Sep 30, 2024
WEDBUSH CAPITAL	Shareholder	E	yes	01/2021	Jan 11, 2022	Sep 30, 2024
WEDBUSH FINANCIAL SERVICES, INC.	Shareholder	E	yes	01/2021	Apr 1, 2021	Sep 30, 2024
WEDBUSH, GARY, LANCE	Manager	Na	yes	01/2021	Apr 1, 2021	Sep 30, 2024
WEDBUSH, JEAN, ARDELLE	Shareholder	C	yes	01/2020	Apr 1, 2021	Sep 30, 2024
PARRODE, RODRIGO, NMN	PRESIDENT & CHIEF EXECUTIVE OFFICER	Na	no	02/2023	Mar 30, 2023	Sep 30, 2024
PRIMAVERA, FRANK, JOSEPH	HEAD OF MIDDLE OFFICE AND OPERATIONS	Na	no	02/2023	Feb 6, 2024	Sep 30, 2024

Affiliates (Item 7.A)

as filed on Item 7.A; a related person with a CRD on the graph links to its own page

Related person	Type	Class on the graph	Its RAUM	Control	Common control	State
WEDBUSH SECURITIES INC.	n/a	Bd affiliated wealth	$5.7B	N	yes	n/a
VAN HULZEN ASSET MANAGEMENT, LLC	n/a	Independent wealth	$2.1B	N	yes	n/a
WEDBUSH ASSET MANAGEMENT, LLC	n/a	Former SEC adviser	$115M	N	yes	n/a
MW INVESTMENT STRATEGY	n/a	Independent wealth	$42.8M	N	yes	n/a
LIGHTSPEED FINANCIAL SERVICES GROUP LLC	n/a	n/a	n/a	N	yes	n/a
WEDBUSH CAPITAL GP, LLC	n/a	n/a	n/a	N	yes	n/a
WEDBUSH EUROPE LTD.	n/a	n/a	n/a	N	yes	n/a

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line; showing 9 of 10

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2025	Jan 30, 2026	$42.1M	$42.1M	9	1	0	n/a	n/a
2024	Mar 31, 2025	$37.0M	$37.0M	2	2	0	n/a	n/a
2022	Mar 30, 2023	$34.2M	$34.2M	2	2	0	n/a	n/a
2021	Mar 29, 2022	$39.1M	$39.1M	2	2	0	n/a	n/a
2020	Apr 1, 2021	$23.1M	$23.1M	2	2	0	n/a	n/a
2019	Mar 31, 2020	$11.9M	$11.9M	2	2	0	n/a	n/a
2018	Mar 14, 2019	$4.7M	$4.7M	2	2	0	n/a	n/a
2017	Mar 20, 2018	$0	$0	2	1	0	n/a	n/a
2016	Feb 16, 2017	$0	$0	2	1	n/a	n/a	n/a

Advisor flows

derived: registrations beginning and ending at this CRD on IAPD, bulk corporate re-registrations excluded; the rate is departures over IAPD headcount

Joined, 12m	Left, 12m	Net, 12m	Departure rate, 12m	Joined, 90d	Left, 90d	Left, no destination yet	Joined, 36m	Left, 36m
0	0	0	0.0%	0	0	0	0	0

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2025	$42.1M	$37.0M	13.7%	$34.2M	7.2%	9	2	0	0

Relationships

Affiliated with (7)

← ONWARD ADVISORS LLCRegistered adviserother investment adviser, common control
factForm ADV
← WEDBUSH FUND ADVISERS, LLCRegistered adviserother investment adviser, common control
factForm ADV
← WEDBUSH SECURITIES INC.Registered adviserother investment adviser, common control
factForm ADV
→ VAN HULZEN FINANCIAL ADVISORSRegistered adviserother investment adviser, common control
factForm ADV
→ MW INVESTMENT STRATEGYRegistered adviserother investment adviser, common control
factForm ADV
→ WEDBUSH ASSET MANAGEMENT, LLCRegistered adviserother investment adviser, common control
factForm ADV
→ WEDBUSH SECURITIES INC.Registered adviserother investment adviser, common control
factForm ADV

Registered with (1)

← WILLIAM CULLEN ROGERSAdvisorregistration: current employment
Apr 17, 2019 to presentfactForm ADV

Owns (2)

← PRIMAVERA, FRANK, JOSEPHOwnerHEAD OF MIDDLE OFFICE AND OPERATIONS, ownership code NA, individual
Feb 6, 2024 to Sep 30, 2024factForm ADV
← PARRODE, RODRIGO, NMNOwnerPRESIDENT & CHIEF EXECUTIVE OFFICER, ownership code NA, individual
Mar 30, 2023 to Sep 30, 2024factForm ADV

Controls (9)

← WEDBUSH, GARY, LANCEOwnerMANAGER, ownership code NA, individual
Apr 1, 2021 to Sep 30, 2024factForm ADV
← PAULINO, FRANCIS, NOwnerMANAGER, ownership code NA, individual
Apr 1, 2021 to Sep 30, 2024factForm ADV
← BULGER, MARK, ANDREWOwnerCHIEF COMPLIANCE OFFICER, ownership code NA, individual
Jun 17, 2024 to Sep 30, 2024factForm ADV
← WEDBUSH, JEAN, ARDELLEOwnerSHAREHOLDER, ownership code C, individual
Apr 1, 2021 to Sep 30, 2024factForm ADV
← QAP 2.0, LLCOwnerSHAREHOLDER, ownership code E, domestic entity
Apr 1, 2021 to Sep 30, 2024factForm ADV
← QAPITAL STACK, INC.OwnerSHAREHOLDER, ownership code E, domestic entity
Jan 11, 2022 to Sep 30, 2024factForm ADV
← QAPITAL, LLCOwnerSOLE MEMBER, ownership code E, domestic entity
Apr 1, 2021 to Sep 30, 2024factForm ADV
← WEDBUSH CAPITALOwnerSHAREHOLDER, ownership code E, domestic entity
Jan 11, 2022 to Sep 30, 2024factForm ADV
← WEDBUSH FINANCIAL SERVICES, INC.OwnerSHAREHOLDER, ownership code E, domestic entity
Apr 1, 2021 to Sep 30, 2024factForm ADV

Dated events

Occurred
Jun 17, 2024
Control person joined
Andrew Mark Bulger (Chief Compliance Officer) appeared on Schedule A of Qapital Invest, Llc
Form ADVobserved 6 days ago
Occurred
Apr 1, 2021
Control person joined
Lance Gary Wedbush (Manager) appeared on Schedule A of Qapital Invest, Llc
Form ADVobserved 6 days ago
Occurred
Apr 1, 2021
Control person joined
N Francis Paulino (Manager) appeared on Schedule A of Qapital Invest, Llc
Form ADVobserved 6 days ago
Occurred
Apr 1, 2021
Control person joined
Jean Wedbush (Shareholder) appeared on Schedule A of Qapital Invest, Llc
Form ADVobserved 6 days ago
Occurred
May 25, 2016
First Form ADV filing
Qapital Invest, Llc filed its initial SEC registration (Form ADV)
Form ADVobserved 6 days ago

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:d1f7b7c7-fb98-fbeb-cc1a-43044f0a722f
First observed: May 25, 2016
Last observed: Jan 30, 2026 7 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

QAPITAL INVEST, LLC

CRD 283762

NEW YORK, NY

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:d1f7b7c7-fb98-fbeb-cc1a-43044f0a722f

Data as of Jan 30, 2026 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 9:04 PM UTC and rebuilt at most every 15 minutes.

Advisor

Designations

Branch

Years here

In industry

Prior firms

Dual registered

WILLIAM CULLEN ROGERS

n/a

Houston, TX | NEW YORK, NY

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

BULGER, MARK, ANDREW

CHIEF COMPLIANCE OFFICER

yes

06/2024

Jun 17, 2024

Sep 30, 2024

PAULINO, FRANCIS, N

Manager

yes

01/2021

Apr 1, 2021

Sep 30, 2024

QAP 2.0, LLC

Shareholder

yes

01/2021

Apr 1, 2021

Sep 30, 2024

QAPITAL STACK, INC.

Shareholder

yes

01/2021

Jan 11, 2022

Sep 30, 2024

QAPITAL, LLC

SOLE MEMBER

yes

01/2021

Apr 1, 2021

Sep 30, 2024

WEDBUSH CAPITAL

Shareholder

yes

01/2021

Jan 11, 2022

Sep 30, 2024

WEDBUSH FINANCIAL SERVICES, INC.

Shareholder

yes

01/2021

Apr 1, 2021

Sep 30, 2024

WEDBUSH, GARY, LANCE

Manager

yes

01/2021

Apr 1, 2021

Sep 30, 2024

WEDBUSH, JEAN, ARDELLE

Shareholder

yes

01/2020

Apr 1, 2021

Sep 30, 2024

PARRODE, RODRIGO, NMN

PRESIDENT & CHIEF EXECUTIVE OFFICER

02/2023

Mar 30, 2023

Sep 30, 2024

PRIMAVERA, FRANK, JOSEPH

HEAD OF MIDDLE OFFICE AND OPERATIONS

02/2023

Feb 6, 2024

Sep 30, 2024

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

WEDBUSH SECURITIES INC.

n/a

Bd affiliated wealth

$5.7B

yes

n/a

VAN HULZEN ASSET MANAGEMENT, LLC

n/a

Independent wealth

$2.1B

yes

n/a

WEDBUSH ASSET MANAGEMENT, LLC

n/a

Former SEC adviser

$115M

yes

n/a

MW INVESTMENT STRATEGY

n/a

Independent wealth

$42.8M

yes

n/a

LIGHTSPEED FINANCIAL SERVICES GROUP LLC

n/a

yes

n/a

WEDBUSH CAPITAL GP, LLC

n/a

yes

n/a

WEDBUSH EUROPE LTD.

n/a

yes

n/a

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2025

Jan 30, 2026

$42.1M

n/a

2024

Mar 31, 2025

$37.0M

n/a

2022

Mar 30, 2023

$34.2M

n/a

2021

Mar 29, 2022

$39.1M

n/a

2020

Apr 1, 2021

$23.1M

n/a

2019

Mar 31, 2020

$11.9M

n/a

2018

Mar 14, 2019

$4.7M

n/a

2017

Mar 20, 2018

n/a

2016

Feb 16, 2017

n/a

Joined, 12m

Left, 12m

Net, 12m

Departure rate, 12m

Joined, 90d

Left, 90d

Left, no destination yet

Joined, 36m

Left, 36m

0.0%

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2025

$42.1M

$37.0M

13.7%

$34.2M

7.2%