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

Qs Investors, LLC

Former SEC-registered adviserNew York, New YorkCRD 152688SEC 801-70974IAPD
Latest filing Jun 25, 2021
First filing on the tape Mar 29, 2012 · 34 filings
RAUM
$19B
reported, Item 5.F
Discretionary
77%
of RAUM
Private clients
1.2%
$229M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
68
42 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
1
$135M gross assets
History
34 filings and snapshots on the tape
RAUM$19B as of Jun 25, 2021
Oct 30, 2012$101B then
HNW client RAUM$84.7M as of Jun 25, 2021
Jun 26, 2020$21.8M then
State-registered IARs (5.B.3)0 as of Jun 25, 2021
Oct 30, 20120 then
Employees (5.A)68 as of Jun 25, 2021
Oct 30, 201242 then
Private funds1 as of Jun 25, 2021
Oct 29, 20132 then
RAUM +25% over the last fiscal year-1.6% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Jun 25, 2021; 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
$1.3MderivedHNW RAUM over HNW clients
Average account
$28.6MderivedRAUM over accounts (5.F.2.f)
Discretionary
77%derivedof RAUM
Institutional
2.7%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived2 offices incl. principal (1.F.5)
RAUM growth, one year
+25%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
-0.2%derived
Compensation
percentage of assets, fixed fees, performance-based, otherreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companies, selection of other advisers, otherreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
Custody
$4.5B, 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
  • 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)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Investment companies$12B65%
  • Pooled investment vehicles$5.6B30%
  • Pension and profit-sharing plans$378M2.0%
  • Individuals$145M0.8%
  • Other investment advisers$138M0.7%
  • State and municipal entities$120M0.6%
  • High-net-worth individuals$84.7M0.4%
  • Charitable organizations$21.5M0.1%
  • Corporations and businesses$14.0M0.1%
Individual clients
428reported
HNW clients
65reported
Pension plan clients
n/areported
Charitable clients
6reported
Accounts
672reported
Financial planning clients
n/areported
Wrap fee programs
$0 sponsored, $131M managedreported
Custody of client assets
$4.5B for 2 clientsreported
Compensation
% of AUM, fixed, performancereported
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 departureEvery arrival
      Private funds
      2 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Qs Investors Dbi Global Emerging Markets Equity Fund LPOther Private Fund$135M2Aug 16, 2013
      Qs Investors Dbi All Country Global Equity Fund LPno longer reportedHedge Fund$00Apr 30, 2013
      Owners and control persons
      Schedule A and B, latest filing
      • Sonal Desai · Directorcontrol
        since 04/2021 · owns less than 5%
      • Harold Stephen Dover · Directorcontrol
        since 04/2021 · owns less than 5%
      • Ross Steven Ducker · Chief Compliance Officercontrol
        since 08/2018 · owns less than 5%
      • Douglas Edward Perks · Directorcontrol
        since 08/2020 · owns less than 5%
      • Jay Adam Petryk · President And Chief Executive Officercontrol
        since 04/2019 · owns less than 5%
      Entity owners
      • Qs Investors Holdings, LLC · Direct Owner
        direct · owns 75% or more
      • Franklin, Resources, Inc. · Sole Shareholder Of Legg Mason, Inc.
        indirect · owns 75% or more of Legg Mason, Inc. · public reporting company
      • Legg Mason, Inc. · Sole Member
        indirect · owns 75% or more of Qs Investors Holdings, LLC
      Related persons
      Schedule D 7.A
      Advisers that list Qs Investors, LLC as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • Boston, MA6 employees
      What changed
      consecutive filings, newest first
      • Accounts · 670 to 672
        May 10, 2021 to Jun 25, 2021
      • Advisory employees · 45 to 42
        May 10, 2021 to Jun 25, 2021
      • Advisory activities · 5 to 6
        May 10, 2021 to Jun 25, 2021
      • BD registered reps · 5 to 6
        May 10, 2021 to Jun 25, 2021
      • Charity clients · 5 to 6
        May 10, 2021 to Jun 25, 2021
      • Corporate clients · 26 to 52
        May 10, 2021 to Jun 25, 2021
      • HNW clients · 19 to 65
        May 10, 2021 to Jun 25, 2021
      • Individual clients · 475 to 428
        May 10, 2021 to Jun 25, 2021
      • Pooled vehicle clients · 44 to 43
        May 10, 2021 to Jun 25, 2021
      • Assets in custody · $3.5B to $4.5B
        May 10, 2021 to Jun 25, 2021
      • Employees · 73 to 68
        May 10, 2021 to Jun 25, 2021
      • Discretionary RAUM · $12B to $15B
        May 10, 2021 to Jun 25, 2021
      • HNW RAUM · $21.8M to $84.7M
        May 10, 2021 to Jun 25, 2021
      • Individual RAUM · $136M to $145M
        May 10, 2021 to Jun 25, 2021
      • Non-discretionary RAUM · $3.5B to $4.5B
        May 10, 2021 to Jun 25, 2021
      • Pension RAUM · $257M to $378M
        May 10, 2021 to Jun 25, 2021
      • Pooled vehicle RAUM · $4.8B to $5.6B
        May 10, 2021 to Jun 25, 2021
      • RAUM · $15B to $19B
        May 10, 2021 to Jun 25, 2021
      • Wrap assets (manager) · $76.5M to $131M
        May 10, 2021 to Jun 25, 2021
      • Accounts · 127 to 670
        Apr 24, 2020 to Jun 26, 2020
      • Advisory employees · 41 to 45
        Apr 24, 2020 to Jun 26, 2020
      • BD registered reps · 6 to 5
        Apr 24, 2020 to Jun 26, 2020
      • Charity clients · unset to 5.0
        Apr 24, 2020 to Jun 26, 2020
      • Corporate clients · 20 to 26
        Apr 24, 2020 to Jun 26, 2020
      • HNW clients · unset to 19.0
        Apr 24, 2020 to Jun 26, 2020
      • Individual clients · unset to 475.0
        Apr 24, 2020 to Jun 26, 2020
      • Pension plan clients · 5.0 to unset
        Apr 24, 2020 to Jun 26, 2020
      • Pooled vehicle clients · 43 to 44
        Apr 24, 2020 to Jun 26, 2020
      • Assets in custody · $3.9B to $3.5B
        Apr 24, 2020 to Jun 26, 2020
      • Employees · 75 to 73
        Apr 24, 2020 to Jun 26, 2020
      • Discretionary RAUM · $15B to $12B
        Apr 24, 2020 to Jun 26, 2020
      • HNW RAUM · unset to 21799224.0
        Apr 24, 2020 to Jun 26, 2020
      • Individual RAUM · unset to 135696946.0
        Apr 24, 2020 to Jun 26, 2020
      • Non-discretionary RAUM · $3.8B to $3.5B
        Apr 24, 2020 to Jun 26, 2020
      • Pension RAUM · $425M to $257M
        Apr 24, 2020 to Jun 26, 2020
      • Pooled vehicle RAUM · $5.8B to $4.8B
        Apr 24, 2020 to Jun 26, 2020
      • RAUM · $19B to $15B
        Apr 24, 2020 to Jun 26, 2020
      • Wrap assets (manager) · $59.6M to $76.5M
        Apr 24, 2020 to Jun 26, 2020
      • Accounts · 117 to 127
        Apr 18, 2019 to Jun 28, 2019
      • Advisory employees · 48 to 41
        Apr 18, 2019 to Jun 28, 2019
      Signals
      15 dated events
      • Harold Stephen Dover (Director) appeared on Schedule A of Qs Investors, Llc
        May 10, 2021 · Control person joined · fact
      • Sonal Desai (Director) appeared on Schedule A of Qs Investors, Llc
        May 10, 2021 · Control person joined · fact
      • Louise Gwen Shaneyfelt (Director) no longer on Schedule A of Qs Investors, Llc (listed 2020-09-30, absent 2021-05-10)
        May 10, 2021 · Control person left · inference
      • Andrew Jed Plafker (Director) no longer on Schedule A of Qs Investors, Llc (listed 2020-09-30, absent 2021-05-10)
        May 10, 2021 · Control person left · inference
      • Louise Gwen Shaneyfelt (Director) appeared on Schedule A of Qs Investors, Llc
        Sep 30, 2020 · Control person joined · fact
      • Andrew Jed Plafker (Director) appeared on Schedule A of Qs Investors, Llc
        Sep 30, 2020 · Control person joined · fact
      • Douglas Edward Perks (Director) appeared on Schedule A of Qs Investors, Llc
        Sep 30, 2020 · Control person joined · fact
      • Carol Janet Campagna (Director) no longer on Schedule A of Qs Investors, Llc (listed 2020-08-28, absent 2020-09-30)
        Sep 30, 2020 · Control person left · inference
      • Allen Jeffrey Nattans (Director) no longer on Schedule A of Qs Investors, Llc (listed 2020-08-28, absent 2020-09-30)
        Sep 30, 2020 · Control person left · inference
      • Clifton Thomas Merchant (Director) no longer on Schedule A of Qs Investors, Llc (listed 2020-08-28, absent 2020-09-30)
        Sep 30, 2020 · Control person left · inference
      • Yu Ming Robert Wang (Chief Operating Officer And Head Of Portfolio Management) no longer on Schedule A of Qs Investors, Llc (listed 2020-01-08, absent 2020-04-24)
        Apr 24, 2020 · Control person left · inference
      • Duff John Kenney (Director) no longer on Schedule A of Qs Investors, Llc (listed 2019-12-05, absent 2020-01-08)
        Jan 8, 2020 · Control person left · inference
      • Karl Thomas Hoops (Director) no longer on Schedule A of Qs Investors, Llc (listed 2019-12-05, absent 2020-01-08)
        Jan 8, 2020 · Control person left · inference
      • Karl Thomas Hoops (Director) appeared on Schedule A of Qs Investors, Llc
        Apr 17, 2019 · Control person joined · fact
      • Gordon Thomas Rose (Chief Financial Officer And Treasurer) no longer on Schedule A of Qs Investors, Llc (listed 2019-02-08, absent 2019-04-17)
        Apr 17, 2019 · 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