DFX Intelligence

RIA Intelligence

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SEC-registered adviser

Q• W••••• M••••••••• L••

Independent wealth managerBoca Raton, FloridaCRD 301071SEC 801-115196website IAPD

Latest filing May 19, 2026

First filing on the tape Apr 1, 2019 · 35 filings

SEC status approved since May 1, 2019

RAUM

$405M

reported, Item 5.F

Discretionary

30%

of RAUM

Private clients

100%

$404M individuals and HNW

Advisors

registered through the firm on IAPD

RAUM per advisor

$135M

derived; firm RAUM over IAPD count

Employees

3 advisory (5.B.1)

Offices

beyond the principal office

Private funds

reported on Schedule D

History

35 filings and snapshots on the tape

RAUM$405M as of May 19, 2026

Feb 24, 2020$189M then

HNW client RAUM$387M as of May 19, 2026

Feb 24, 2020$182M then

State-registered IARs (5.B.3)3 as of May 19, 2026

Feb 24, 20204 then

Employees (5.A)7 as of May 19, 2026

Feb 24, 20205 then

Private funds: no history

RAUM -24% over the last fiscal year+26% a year over threeIARs 5 to 3

Practice profile

derived from the filing of May 19, 2026; every figure names its basis

Archetypes, each a printed rule

Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control

RAUM per advisor: $135MderivedRAUM over IAPD advisors; not a book size
Clients per advisor: 38derivedindividual and HNW clients (5.D) over advisors
Average HNW client: $4.7MderivedHNW RAUM over HNW clients
Average account: $566,387derivedRAUM over accounts (5.F.2.f)
Discretionary: 30%derivedof RAUM
Institutional: 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor: 2.3derivedItem 5.A over advisors
Advisors per office: 1.0derived3 offices incl. principal (1.F.5)
RAUM growth, one year: -24%derivedbetween the last two annual amendments
Advisor growth, one year: -40%derivedItem 5.B.3 between annual amendments
Client growth, one year: +4.5%derived
Compensation: percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities: financial planning, portfolio management for individuals, portfolio management for businesses and institutions, selection of other advisers, otherreportedItem 5.G
Custody: $260M, 93 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)
receives research or other products from a broker-dealer, soft dollars (8.E)
has custody of client cash or bank accounts (9.A.1.a)

Where the RAUM sits

Form ADV Item 5.D, latest filing

High-net-worth individuals$387M96%
Individuals$17.1M4.2%
Corporations and businesses$890,7450.2%

Individual clients: 33reported
HNW clients: 82reported
Pension plan clients: 0reported
Charitable clients: 0reported
Accounts: 715reported
Financial planning clients: 1-10reported
Wrap fee programs: noreported
Custody of client assets: $260M for 93 clientsreported
Compensation: % of AUM, fixed, hourlyreported
Class basis: private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived

Advisors registered through the firm

3 on IAPD today, longest tenure first

Name	Branch	Here since	In industry	Prior firms
L••• K•••• H••••••••	Summerland Key, Fl	May 14, 2019	19 y	3
T••••• W•••••• L••••••	Haven, Nj	May 14, 2019	17 y	1
J•••• W••• L••••	Boca Raton, Fl	Jan 29, 2025	35 y	3

Advisor movement

2 left, 0 joined in 12 months

net -2 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 67% of current headcount2 left over 36 months

Left, latest

A•••• A• S••••• to S• C•••••• M•••••••••
Mar 11, 2026 · RIA to a state-registered adviser
S•••• K••••••• to S• C•••••• M•••••••••
Mar 6, 2026 · RIA to a state-registered adviser
W•••••• C••••• S•••••• to R••••••••• C•••••• M•••••••••
May 2, 2022 · RIA to affiliated broker-dealer or bank

Joined, latest

J•••• W••• L•••• from M••••• S••••••
Jan 29, 2025 · Wirehouse to independent RIA
W•••••• C••••• S•••••• from M••••• S••••••
Dec 4, 2019 · Wirehouse to independent RIA
T••••• W•••••• L•••••• from M••••• S••••••
May 14, 2019 · Wirehouse to a newly registered adviser (no RAUM reported yet)
L••• K•••• H•••••••• from M••••• S••••••
May 14, 2019 · Wirehouse to a newly registered adviser (no RAUM reported yet)

Every departure Every arrival

Teams: two or more advisors moving together within fourteen days, from one state

2 left for S• C•••••• M•••••••••
Mar 6, 2026 · Boca Raton, Fl

3 joined from M••••• S••••••
May 14, 2019 · Shrewsbury, Nj

Teams out Teams in

Private funds

No private fund reported.

Owners and control persons

Schedule A and B, latest filing

H••••••••• L•••• K•••• · Managing Member, Chief Operating Officer And Chief Compliance Officercontrol
since 05/2019 · owns 5% to 10%
L••••••• T•••••• W•••••• · Managing Member And Co-Chief Investment Officercontrol
since 05/2019 · owns 10% to 25%
L••••• J••••• W••• · Managing Member, Chief Executive Officer, And Co-Chief Investment Officercontrol
since 05/2019 · owns 75% or more

Related persons

Schedule D 7.A

No related person reported.

Office movement

IAPD branch city; joins and departures in 12 months

Office	Advisors	Joined	Left	Teams out	Forming
Boca Raton, Fl · principal	3	0	2	1

Offices

Schedule D 1.F, the 25 largest

, 1 employees

ADV anomalies

5 against comparable advisers; where to look, not conclusions

institutional to wealth shiftCombination · filing Mar 17, 2026
institutional share fell 15 points or more while private-client share rose 15 points or more. RAUM $534,534,955 to $404,966,803, advisors 5 to 3, private clients 110 to 115, offices 2 to 2 (2025-01-27 to 2026-03-17)
peers: independent wealth managers, $100M to $500M (5,678)
advisor count dropChange between filings · filing Mar 17, 2026
advisory representatives (Item 5.B.3) moved from 5.0 to 3.0 (-40.0%) between the annual amendments of 2025-01-27 and 2026-03-17; the peer median change was 0.0% (965 comparable advisers, 3.0th percentile of changes)
peers: independent wealth managers, $100M to $500M (965) · 2.6% percentile
client mix shiftChange between filings · filing Mar 17, 2026
private-client share of RAUM moved from 84.0% to 100.0% between the annual amendments of 2025-01-27 and 2026-03-17
peers: independent wealth managers, $100M to $500M (5,678)
discretionary share shiftChange between filings · filing Mar 17, 2026
discretionary share of RAUM moved from 71.0% to 30.0% between the annual amendments of 2025-01-27 and 2026-03-17
peers: independent wealth managers, $100M to $500M (5,678)
institutional asset share shiftChange between filings · filing Mar 17, 2026
institutional share of RAUM moved from 16.0% to 0.0% between the annual amendments of 2025-01-27 and 2026-03-17
peers: independent wealth managers, $100M to $500M (5,678)

How anomalies are measured

What changed

consecutive filings, newest first

Advisory employees · 5 to 3
Jan 6, 2026 to Mar 17, 2026
Employees · 9 to 7
Jan 6, 2026 to Mar 17, 2026
State-registered IARs · 5 to 3
Jan 6, 2026 to Mar 17, 2026
Accounts · 701 to 715
Jul 29, 2025 to Jan 6, 2026
Corporate clients · 5 to 6
Jul 29, 2025 to Jan 6, 2026
HNW clients · 79 to 82
Jul 29, 2025 to Jan 6, 2026
Individual clients · 31 to 33
Jul 29, 2025 to Jan 6, 2026
Assets in custody · $38.9M to $260M
Jul 29, 2025 to Jan 6, 2026
Discretionary RAUM · $380M to $123M
Jul 29, 2025 to Jan 6, 2026
HNW RAUM · $434M to $387M
Jul 29, 2025 to Jan 6, 2026
Individual RAUM · $13.0M to $17.1M
Jul 29, 2025 to Jan 6, 2026
Non-discretionary RAUM · $155M to $282M
Jul 29, 2025 to Jan 6, 2026
RAUM · $535M to $405M
Jul 29, 2025 to Jan 6, 2026
Financial planning clients · 1-10 to 1-10
Jan 27, 2025 to Jul 29, 2025
Accounts · 547 to 701
Dec 3, 2024 to Jan 27, 2025
Individual clients · 27 to 31
Dec 3, 2024 to Jan 27, 2025
Pension plan clients · 1 to 0
Dec 3, 2024 to Jan 27, 2025
Assets in custody · $39.1M to $38.9M
Dec 3, 2024 to Jan 27, 2025
Discretionary RAUM · $119M to $380M
Dec 3, 2024 to Jan 27, 2025
HNW RAUM · $209M to $434M
Dec 3, 2024 to Jan 27, 2025
Individual RAUM · $10.4M to $13.0M
Dec 3, 2024 to Jan 27, 2025
Non-discretionary RAUM · $103M to $155M
Dec 3, 2024 to Jan 27, 2025
Pension RAUM · $59,015 to $0
Dec 3, 2024 to Jan 27, 2025
RAUM · $222M to $535M
Dec 3, 2024 to Jan 27, 2025
Advisory employees · 4 to 5
Nov 15, 2024 to Dec 3, 2024
Employees · 8 to 9
Nov 15, 2024 to Dec 3, 2024
State-registered IARs · 4 to 5
Nov 15, 2024 to Dec 3, 2024
Assets in custody · unset to 39081829.0
Aug 28, 2024 to Nov 15, 2024
Custody of client assets · false to true
Aug 28, 2024 to Nov 15, 2024
Employees · 7 to 8
Aug 28, 2024 to Nov 15, 2024
Accounts · 452 to 547
Jan 2, 2024 to Feb 2, 2024
Advisory employees · 2 to 4
Jan 2, 2024 to Feb 2, 2024
Advisory activities · 4 to 5
Jan 2, 2024 to Feb 2, 2024
BD registered reps · 3 to 0
Jan 2, 2024 to Feb 2, 2024
Corporate clients · 4 to 5
Jan 2, 2024 to Feb 2, 2024
HNW clients · 80 to 79
Jan 2, 2024 to Feb 2, 2024
Individual clients · 26 to 27
Jan 2, 2024 to Feb 2, 2024
Pension plan clients · 0 to 1
Jan 2, 2024 to Feb 2, 2024
Financial planning clients · unset to 1-10
Jan 2, 2024 to Feb 2, 2024
State-registered IARs · 3 to 4
Jan 2, 2024 to Feb 2, 2024

Signals

11 dated events

A•••• A• S••••• left Q• W••••• M••••••••• L•• for S• C•••••• M••••••••• (registered 2026-08-12)
Mar 11, 2026 · Advisor changed firm · fact
S•••• K••••••• left Q• W••••• M••••••••• L•• for S• C•••••• M••••••••• (registered 2026-08-12)
Mar 6, 2026 · Advisor changed firm · fact
2 advisors left Q• W••••• M••••••••• L•• (Boca Raton, FL) for S• C•••••• M••••••••• within 5 days
Mar 6, 2026 · Team lift-out · derived
Q• W••••• M••••••••• L•• reported RAUM $534.5M, up 141% from $222.1M (2024-12-03 to 2025-01-27)
Jan 27, 2025 · RAUM change · derived
W•••••• C••••• S•••••• left Q• W••••• M••••••••• L•• for R••••••••• C•••••• M••••••••• (registered 2022-07-13)
May 2, 2022 · Advisor changed firm · fact
Wilk James Lloyd (Managing Member, Chief Executive Officer, And Co-Chief Investment Officer) appeared on Schedule A of Q• W••••• M••••••••• L••
May 10, 2019 · Control person joined · fact
William Thomas Leidner (Managing Member And Co-Chief Investment Officer) appeared on Schedule A of Q• W••••• M••••••••• L••
May 10, 2019 · Control person joined · fact
Karen Lisa Heerwagen (Managing Member, Chief Operating Officer And Chief Compliance Officer) appeared on Schedule A of Q• W••••• M••••••••• L••
May 10, 2019 · Control person joined · fact
Jean Pamela Stross (Chief Compliance Officer) no longer on Schedule A of Q• W••••• M••••••••• L•• (listed 2019-04-05, absent 2019-05-10)
May 10, 2019 · Control person left · inference
Vieson Julie Fanelli (Trustee) no longer on Schedule A of Q• W••••• M••••••••• L•• (listed 2019-04-05, absent 2019-05-10)
May 10, 2019 · Control person left · inference
C•• W••••• L•• filed its initial SEC registration (Form ADV)
Apr 1, 2019 · First SEC registration · fact

Across DFX

shared identifiers only, never a name match

No identifier-backed link to the venture, private equity, family office or sponsor graphs.

How to reach

public business contact points only, each with its source

Firm profile: LINKEDIN.COM/COMPANY/QPWEALTHMANAGEMENTreportedpublic record, Form ADV, Sep 21, 2026
Principal office phone: 732-526-2701reportedpublic record, Form ADV, May 19, 2026

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: Independent wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor: $135Mderivedfirm RAUM over the IAPD count; not a book size
Loaded: Sep 14, 2026