DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

Former SEC-registered adviser

Quantitative Advantage, LLC

Former SEC-registered adviserMinnetonka, MinnesotaCRD 110575SEC 801-57426IAPD
Latest filing Apr 20, 2023
First filing on the tape Nov 15, 2011 · 30 filings
RAUM
$758M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
99%
$750M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
22
17 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
30 filings and snapshots on the tape
RAUM$758M as of Mar 29, 2023
Mar 30, 2012$478M then
HNW client RAUM$536M as of Mar 29, 2023
Mar 29, 2018$245M then
State-registered IARs (5.B.3)15 as of Mar 29, 2023
Mar 30, 20120 then
Employees (5.A)22 as of Mar 29, 2023
Apr 1, 201320 then
Private funds: no history
RAUM -5.2% over the last fiscal year+14% a year over threeIARs 14 to 15
Practice profile
derived from the filing of Apr 20, 2023; every figure names its basis
RAUM per advisor
$50.5MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
80derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.4MderivedHNW RAUM over HNW clients
Average account
$353,505derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.5derivedItem 5.A over advisors
Advisors per office
15.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
-5.2%derivedbetween the last two annual amendments
Advisor growth, one year
+7.1%derivedItem 5.B.3 between annual amendments
Client growth, one year
+6.9%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, portfolio management for businesses and institutions, otherreportedItem 5.G
Financial planning clients
500reportedItem 5.H
Custody
$203M, 477 clientsreportedItem 9.A
Ownership
controlled by a public reporting companyderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • controlled by a public reporting company (10.A)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$536M71%
  • Individuals$214M28%
  • Charitable organizations$4.5M0.6%
  • Corporations and businesses$2.6M0.3%
  • Pension and profit-sharing plans$680,3360.1%
Individual clients
967reported
HNW clients
227reported
Pension plan clients
1reported
Charitable clients
5reported
Accounts
2,143reported
Financial planning clients
500reported
Wrap fee programs
noreported
Custody of client assets
$203M for 477 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
Teams outTeams in
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Alan Kurt Brandt · Chief Financial Officer, Governorcontrol
    since 03/2013 · owns less than 5%
  • Russell James Ferrin · Chief Investment Officer, Member (Class A And G), Governorcontrol
    since 01/2015 · owns less than 5%
  • Paul Kyle Olson · Managing Director, Member (Class A And G), Governorcontrol
    since 01/2015 · owns less than 5%
  • Graham Peter Van Der Leeuw · Chief Operating Officer, Chief Compliance Officer, General Counsel, Governorcontrol
    since 10/2009 · owns less than 5%
  • Darrin Daniel Westin · Chief Executive Officer, Member (Class A And G), Governorcontrol
    since 01/2015 · owns less than 5%
  • William John Wing · Founder, Member (Classes A, B, And G), Governorcontrol
    since 02/2000 · owns 25% to 50%
  • William John Wing · Chief Executive Officer, Member, Governorcontrol
    since 10/2018 · owns 50% to 75% of Qa Acquisition, LLC
  • Michael Todd Friesen · Member (Classes A And C), Governor
    since 09/2001 · owns less than 5%
  • Francis Larry Gehl · Member (Classes A And C), Governor
    since 11/2000 · owns 5% to 10%
  • Robert Ted Storlie · Member (Class A), Governor
    since 12/2002 · owns 10% to 25%
Entity owners
  • Qa Acquisition, LLC · Member (Class A)
    direct · owns 25% to 50%
Related persons
Schedule D 7.A
Advisers that list Quantitative Advantage, LLC as a related person
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
  • Related adviser · false to true
    Mar 29, 2023 to Apr 20, 2023
  • Related broker-dealer · false to true
    Mar 29, 2023 to Apr 20, 2023
  • Accounts · 2,018 to 2,143
    Mar 23, 2022 to Mar 29, 2023
  • Advisory employees · 16 to 17
    Mar 23, 2022 to Mar 29, 2023
  • Charity clients · 4 to 5
    Mar 23, 2022 to Mar 29, 2023
  • Corporate clients · 2 to 4
    Mar 23, 2022 to Mar 29, 2023
  • HNW clients · 239 to 227
    Mar 23, 2022 to Mar 29, 2023
  • Individual clients · 878 to 967
    Mar 23, 2022 to Mar 29, 2023
  • Assets in custody · $199M to $203M
    Mar 23, 2022 to Mar 29, 2023
  • Employees · 20 to 22
    Mar 23, 2022 to Mar 29, 2023
  • State-registered IARs · 14 to 15
    Mar 23, 2022 to Mar 29, 2023
  • Discretionary RAUM · $799M to $758M
    Mar 23, 2022 to Mar 29, 2023
  • HNW RAUM · $594M to $536M
    Mar 23, 2022 to Mar 29, 2023
  • Individual RAUM · $199M to $214M
    Mar 23, 2022 to Mar 29, 2023
  • Pension RAUM · $787,768 to $680,336
    Mar 23, 2022 to Mar 29, 2023
  • RAUM · $799M to $758M
    Mar 23, 2022 to Mar 29, 2023
  • Wrap assets (manager) · 16516433.0 to unset
    Mar 23, 2022 to Mar 29, 2023
  • Wrap assets (sponsor) · 0.0 to unset
    Mar 23, 2022 to Mar 29, 2023
  • Accounts · 1,731 to 2,018
    Mar 26, 2021 to Mar 23, 2022
  • Advisory employees · 14 to 16
    Mar 26, 2021 to Mar 23, 2022
  • Charity clients · 3 to 4
    Mar 26, 2021 to Mar 23, 2022
  • Corporate clients · 1 to 2
    Mar 26, 2021 to Mar 23, 2022
  • HNW clients · 172 to 239
    Mar 26, 2021 to Mar 23, 2022
  • Individual clients · 827 to 878
    Mar 26, 2021 to Mar 23, 2022
  • Assets in custody · $155M to $199M
    Mar 26, 2021 to Mar 23, 2022
  • Employees · 17 to 20
    Mar 26, 2021 to Mar 23, 2022
  • Financial planning clients · 251-500 to More than 500
    Mar 26, 2021 to Mar 23, 2022
  • State-registered IARs · 11 to 14
    Mar 26, 2021 to Mar 23, 2022
  • Discretionary RAUM · $600M to $799M
    Mar 26, 2021 to Mar 23, 2022
  • HNW RAUM · $414M to $594M
    Mar 26, 2021 to Mar 23, 2022
  • Individual RAUM · $181M to $199M
    Mar 26, 2021 to Mar 23, 2022
  • Pension RAUM · $1.1M to $787,768
    Mar 26, 2021 to Mar 23, 2022
  • RAUM · $600M to $799M
    Mar 26, 2021 to Mar 23, 2022
  • Wrap assets (manager) · $13.4M to $16.5M
    Mar 26, 2021 to Mar 23, 2022
  • Accounts · 1,665 to 1,731
    Feb 16, 2021 to Mar 26, 2021
  • Advisory employees · 15 to 14
    Feb 16, 2021 to Mar 26, 2021
  • Charity clients · 6 to 3
    Feb 16, 2021 to Mar 26, 2021
  • Corporate clients · 2 to 1
    Feb 16, 2021 to Mar 26, 2021
  • HNW clients · 150 to 172
    Feb 16, 2021 to Mar 26, 2021
  • Individual clients · 801 to 827
    Feb 16, 2021 to Mar 26, 2021
Signals
17 dated events
  • Patrick Jerome Rosvold left Quantitative Advantage, Llc for Captrust (registered 2023-04-21)
    Jun 12, 2023 · Advisor changed firm · fact
  • Theodore Jack Ecker left Quantitative Advantage, Llc for Captrust (registered 2023-04-21)
    Jun 12, 2023 · Advisor changed firm · fact
  • Tad Aaron Kastman left Quantitative Advantage, Llc for Captrust (registered 2023-04-25)
    Jun 12, 2023 · Advisor changed firm · fact
  • Jacob James Herd left Quantitative Advantage, Llc for Captrust (registered 2023-04-26)
    Jun 12, 2023 · Advisor changed firm · fact
  • Michael David Wulff left Quantitative Advantage, Llc for Captrust (registered 2023-04-21)
    Jun 12, 2023 · Advisor changed firm · fact
  • Katherine Kostecki Johnson left Quantitative Advantage, Llc for Captrust (registered 2023-04-21)
    Jun 12, 2023 · Advisor changed firm · fact
  • Josiah Benjamin Larson left Quantitative Advantage, Llc for Captrust (registered 2023-04-21)
    Jun 12, 2023 · Advisor changed firm · fact
  • Tyler Jace Bernard left Quantitative Advantage, Llc for Captrust (registered 2023-04-21)
    Jun 12, 2023 · Advisor changed firm · fact
  • Kyle Paul Olson left Quantitative Advantage, Llc for Captrust (registered 2023-04-27)
    Jun 12, 2023 · Advisor changed firm · fact
  • James Russell Ferrin left Quantitative Advantage, Llc for Captrust (registered 2023-04-26)
    Jun 12, 2023 · Advisor changed firm · fact
  • Daniel Darrin Westin left Quantitative Advantage, Llc for Captrust (registered 2023-04-28)
    Jun 12, 2023 · Advisor changed firm · fact
  • Kevin Eric Lawson left Quantitative Advantage, Llc for Captrust (registered 2023-04-21)
    Jun 12, 2023 · Advisor changed firm · fact
  • Christian Bentley Ray left Quantitative Advantage, Llc for Captrust (registered 2023-04-21)
    Jun 12, 2023 · Advisor changed firm · fact
  • John William Wing left Quantitative Advantage, Llc for Captrust (registered 2023-04-26)
    Jun 12, 2023 · Advisor changed firm · fact
  • Quantitative Advantage, LLC's advisors moved to Captrust (Minnetonka, MN): 14 of 14 registered, on the same day
    Jun 12, 2023 · Firm absorbed (people side) · derived
  • Quantitative Advantage, Llc reported RAUM $798.8M, up 33% from $599.8M (2021-03-26 to 2022-03-23)
    Mar 23, 2022 · RAUM change · derived
  • Quantitative Advantage, Llc reported RAUM $516.7M, up 26% from $408.9M (2019-11-06 to 2020-03-27)
    Mar 27, 2020 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
Provenance
Form ADV
SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors
IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class
Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
RAUM per advisor
n/aderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026