Qci Asset Management Inc (Pittsford)

Name: Qci Asset Management Inc
Address: 1040 Pittsford Victor Road, Pittsford, NY, 14534
Telephone: 585-218-2060

Qci Asset Management Inc is a large advisory firm based in Pittsford. It manages $3.27 billion of regulatory assets for 3,225 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 14 other states.

Qci Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and publication of newsletters. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Qci Asset Management: assets under management

The assets under management (AUM) of Qci Asset Management Inc is $3.27 billion. The firm's AUM has grown by 258% since the beginning of its operation, and $1.43 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.03 billion in discretionary accounts and $1.24 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $639.56 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $25.31 million.

Investments

The firm invests in investment and business development companies the most. They account for 43% of the total AUM. The second-largest asset type is exchange traded securities, which make up 31% of the firm’s portfolio. Investments in state and local bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Qci Asset Management Inc for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Kevin Patrick Gavagan serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Kevin Patrick Gavagan is pension and profit sharing plans with 106 clients and $1.36 billion of assets under management. Among the 13 most similar advisory firms, Qci Asset Management has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $3.16 billion for 1,345 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Qci Asset Management doesn't advise any private funds.

Careers at Qci Asset Management Inc

The company employs 24 people that are either part- or full-time employees. 54 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 9 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Kevin Patrick Gavagan has been acting as President since 1 Jun 1992. Gerald Furciniti joined the executive team most recently as the Principal/Portfolio Manager.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kevin Patrick Gavagan	President	1 Jun 1992	25% - 50%	4378453
Paul Francis Roland	Secretary	1 Jul 1994	Other	4378461
Harold Edward Shill	Chief financial officer	1 Jul 1994	25% - 50%	2020845
David Faris Khalil	Chief compliance officer	1 Jul 1994	Other	4378476
Gerald Furciniti	Principal/portfolio manager	1 Oct 2017	Other	6930252

Based in Pittsford

The principal office where Qci Asset Management Inc performs its advisory services is located at 1040 Pittsford Victor Road, Pittsford, NY 14534, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 585-218-2060 or by fax 585-218-2013. The normal business hours are 8:00 a.m - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at e-qci.com.