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RIA Intelligence

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Former SEC-registered adviser

Q••••••• R••• E••••• A••••••• L••

Former SEC-registered adviserAlpharetta, GeorgiaCRD 138077SEC 801-64925website IAPD

Latest filing Mar 31, 2026

First filing on the tape Mar 29, 2012 · 34 filings

SEC status approved since Nov 25, 2005

RAUM

$24.9M

reported, Item 5.F

Discretionary

0.0%

of RAUM

Private clients

0.0%

$0 individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

n/a

derived; firm RAUM over IAPD count

Employees

2 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

34 filings and snapshots on the tape

RAUM$24.9M as of Mar 31, 2026

Mar 29, 2012$6.2B then

HNW client RAUM$0 as of Mar 31, 2026

Mar 31, 2025$0 then

State-registered IARs (5.B.3)0 as of Mar 31, 2026

Mar 29, 20120 then

Employees (5.A)2 as of Mar 31, 2026

Mar 22, 201342 then

Private funds4 as of Mar 31, 2025

Mar 29, 20122 then

RAUM -77% over the last fiscal year-65% a year over threeIARs 0 to 0

Practice profile

derived from the filing of Mar 31, 2026; every figure names its basis

RAUM per advisor: unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor: unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client: unknownderivedHNW RAUM over HNW clients
Average account: $12.4MderivedRAUM over accounts (5.F.2.f)
Discretionary: 0.0%derivedof RAUM
Institutional: 100%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: unknownderivedItem 5.A over advisors
Advisors per office: unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year: -77%derivedbetween the last two annual amendments
Advisor growth, one year: unknownderivedItem 5.B.3 between annual amendments
Client growth, one year: unknownderived
Compensation: percentage of assetsreportedItem 5.E
Advisory activities: portfolio management for businesses and institutionsreportedItem 5.G
Custody: $170,000, 2 clientsreportedItem 9.A
Ownership: no PE, bank or public-company owner found on Schedule Aderived
Advisor book size: not public; not estimatedreported

Also answered yes on Form ADV

has discretionary authority over which securities are bought or sold (8.C.1)
has custody of client cash or bank accounts (9.A.1.a)
has custody of client securities (9.A.1.b)

Where the RAUM sits

Form ADV Item 5.D, latest filing

State and municipal entities$24.8M100%
Sovereign wealth funds$21,6010.1%

Individual clients: 0reported
HNW clients: 0reported
Pension plan clients: 0reported
Charitable clients: 0reported
Accounts: 2reported
Financial planning clients: reported
Wrap fee programs: noreported
Custody of client assets: $170,000 for 2 clientsreported
Compensation: % of AUMreported
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

none on the tape

Joined, latest

none on the tape

Every departure Every arrival

Private funds

6 reported on Schedule D 7.B.(1)

Fund	Type	Gross assets	Owners	First reported
I•••• D••••••• L••• F••• 1•	Real Estate Fund	$53.5M	51	Mar 31, 2022
I•••• D••••••• L••• F••• 2•	Real Estate Fund	$29.7M	29	Mar 30, 2023
C••• M••••••• F••• I••	Other Private Fund	$7.0M	2	Mar 29, 2012
Q••••••• F••• I•• L••no longer reported	Other Private Fund	$2.6M	3	Mar 22, 2013
Q••• I••••••••• I•••	Real Estate Fund	$1.4M	1	Mar 26, 2020
Q••••••• F••• I• L••no longer reported	Other Private Fund	$200	3	Mar 29, 2012

Owners and control persons

Schedule A and B, latest filing

C••••• A•••••• M•••• · Chief Compliance Officer / Chief Financial Officercontrol
since 03/2024 · owns less than 5%
E•••••• J••••••• L•••• · Executive Vice President / Director / Manager Of Q•• L••control
since 01/2006 · owns less than 5%
H••••••• W•••••• R••••• · Executive Vice President / Director / Manager Of Q•• L••control
since 01/2006 · owns less than 5%
W•••••• K•••• L••••••• · Ceo/ Director/Manager Of Q•• L••control
since 11/2005 · owns less than 5%
E•••••• J••••••• L•••• · Managercontrol
since 01/2006 · owns 25% to 50% of Q•• L••
H••••••• W•••••• R••••• · Managercontrol
since 01/2006 · owns 25% to 50% of Q•• L••
W•••••• K•••• L••••••• · Managercontrol
since 11/2005 · owns 25% to 50% of Q•• L••

Entity owners

Q•• L•• · Member
direct · owns 75% or more

Related persons

Schedule D 7.A

No related person reported.

Offices

Schedule D 1.F, the 25 largest

No branch office listed.

What changed

consecutive filings, newest first

Accounts · 7 to 2
Mar 31, 2025 to Mar 31, 2026
Advisory employees · 8 to 2
Mar 31, 2025 to Mar 31, 2026
Advisory activities · 2 to 1
Mar 31, 2025 to Mar 31, 2026
Pooled vehicle clients · 4 to 0
Mar 31, 2025 to Mar 31, 2026
Assets in custody · $195,000 to $170,000
Mar 31, 2025 to Mar 31, 2026
Employees · 8 to 2
Mar 31, 2025 to Mar 31, 2026
Private funds · 4 to unset
Mar 31, 2025 to Mar 31, 2026
Non-discretionary RAUM · $109M to $24.9M
Mar 31, 2025 to Mar 31, 2026
Pooled vehicle RAUM · 53072246.0 to unset
Mar 31, 2025 to Mar 31, 2026
RAUM · $109M to $24.9M
Mar 31, 2025 to Mar 31, 2026
Accounts · 8 to 7
Jul 10, 2024 to Mar 31, 2025
Advisory employees · 9 to 8
Jul 10, 2024 to Mar 31, 2025
Advisory activities · 3 to 2
Jul 10, 2024 to Mar 31, 2025
Assets in custody · $7.0M to $195,000
Jul 10, 2024 to Mar 31, 2025
Employees · 10 to 8
Jul 10, 2024 to Mar 31, 2025
Financial planning clients · unset to
Jul 10, 2024 to Mar 31, 2025
Discretionary RAUM · $8.4M to $0
Jul 10, 2024 to Mar 31, 2025
HNW RAUM · unset to 0.0
Jul 10, 2024 to Mar 31, 2025
Individual RAUM · unset to 0.0
Jul 10, 2024 to Mar 31, 2025
Non-discretionary RAUM · $520M to $109M
Jul 10, 2024 to Mar 31, 2025
Pension RAUM · unset to 0.0
Jul 10, 2024 to Mar 31, 2025
Pooled vehicle RAUM · $91.6M to $53.1M
Jul 10, 2024 to Mar 31, 2025
RAUM · $528M to $109M
Jul 10, 2024 to Mar 31, 2025
Advisory employees · 11 to 9
Jul 12, 2023 to Mar 29, 2024
Assets in custody · $7.0M to $7.0M
Jul 12, 2023 to Mar 29, 2024
Employees · 12 to 10
Jul 12, 2023 to Mar 29, 2024
Discretionary RAUM · $9.5M to $8.4M
Jul 12, 2023 to Mar 29, 2024
Non-discretionary RAUM · $556M to $520M
Jul 12, 2023 to Mar 29, 2024
Pooled vehicle RAUM · $69.8M to $91.6M
Jul 12, 2023 to Mar 29, 2024
RAUM · $565M to $528M
Jul 12, 2023 to Mar 29, 2024
Advisory employees · 10 to 11
Dec 15, 2022 to Mar 30, 2023
Pension plan clients · unset to 0.0
Dec 15, 2022 to Mar 30, 2023
Pooled vehicle clients · 3 to 4
Dec 15, 2022 to Mar 30, 2023
Assets in custody · $15.8M to $7.0M
Dec 15, 2022 to Mar 30, 2023
Employees · 11 to 12
Dec 15, 2022 to Mar 30, 2023
Other offices · 1 to 0
Dec 15, 2022 to Mar 30, 2023
Private funds · 3 to 4
Dec 15, 2022 to Mar 30, 2023
Discretionary RAUM · $78.2M to $9.5M
Dec 15, 2022 to Mar 30, 2023
Non-discretionary RAUM · $881M to $556M
Dec 15, 2022 to Mar 30, 2023
Pension RAUM · 217861233.0 to unset
Dec 15, 2022 to Mar 30, 2023

Signals

14 dated events

Q••••••• R••• E••••• A••••••• L•• no longer on the SEC adviser roster (last listed 2026-06-01, RAUM $24.9M)
Jul 1, 2026 · Left the SEC roster · derived
Q••••••• R••• E••••• A••••••• L•• reported RAUM $109.0M, down 79% from $528.0M (2024-07-10 to 2025-03-31)
Mar 31, 2025 · RAUM change · derived
Marie Ashley Clack (Chief Compliance Officer / Chief Financial Officer) appeared on Schedule A of Q••••••• R••• E••••• A••••••• L••
Mar 29, 2024 · Control person joined · fact
Diane L•••• Hoard (Chief Compliance Officer / Chief Finanacial Officer / Director / Manager Of Q•• L••) no longer on Schedule A of Q••••••• R••• E••••• A••••••• L•• (listed 2023-07-12, absent 2024-03-29)
Mar 29, 2024 · Control person left · inference
Q••••••• R••• E••••• A••••••• L•• reported RAUM $565.0M, down 41% from $959.4M (2022-12-15 to 2023-03-30)
Mar 30, 2023 · RAUM change · derived
L•••• Nel (Executive Vice President/Director/Manager Of Q•• L••) no longer on Schedule A of Q••••••• R••• E••••• A••••••• L•• (listed 2022-03-31, absent 2022-08-23)
Aug 23, 2022 · Control person left · inference
Q••••••• R••• E••••• A••••••• L•• reported RAUM $959.4M, down 28% from $1.3B (2021-10-19 to 2022-03-31)
Mar 31, 2022 · RAUM change · derived
L•••• Nel (Executive Vice President/Director/Manager Of Q•• L••) appeared on Schedule A of Q••••••• R••• E••••• A••••••• L••
Dec 24, 2020 · Control person joined · fact
Q••••••• R••• E••••• A••••••• L•• reported RAUM $1.4B, down 86% from $10.1B (2019-03-26 to 2020-03-26)
Mar 26, 2020 · RAUM change · derived
Heinzel Thomas Mattinson (Executive Vice President / Director / Manager Of Q•• L••) no longer on Schedule A of Q••••••• R••• E••••• A••••••• L•• (listed 2019-03-26, absent 2020-03-26)
Mar 26, 2020 · Control person left · inference
Pierce Deborah Peebles (Senior Vice President / Director / Manager Of Q•• L••) no longer on Schedule A of Q••••••• R••• E••••• A••••••• L•• (listed 2019-03-26, absent 2020-03-26)
Mar 26, 2020 · Control person left · inference
David John Morris (Senior Vice President / Director / Manager Of Q•• L••) no longer on Schedule A of Q••••••• R••• E••••• A••••••• L•• (listed 2019-03-26, absent 2020-03-26)
Mar 26, 2020 · Control person left · inference
Wade Mark Tracy (Senior Vice President / Director / Manager Of Q•• L••) no longer on Schedule A of Q••••••• R••• E••••• A••••••• L•• (listed 2019-03-26, absent 2020-03-26)
Mar 26, 2020 · Control person left · inference
Steven Frank Linneen (Executive Vice President / Director / Manager Of Q•• L••) no longer on Schedule A of Q••••••• R••• E••••• A••••••• L•• (listed 2019-03-26, absent 2020-03-26)
Mar 26, 2020 · Control person left · inference

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

Across the graphs

Q••••••• R••• E••••• A••••••• L•• is the same institution as 1 record in Real Estate Funds.

Real Estate Funds1

Which record it is in each graph, what it is called there, and what the two were joined on. The Data Factory holds all nine graphs and the identity layer between them.

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