Q2 Wealth Management provides financial planning, portfolio management for individuals and small businesses, selecting other managers, and educational seminars. Financial planning was provided to 26–50 clients last fiscal year.
Q2 Wealth Management reports 152 clients. They include 115 individual clients, 36 high-net-worth individuals and 1 corporate or other business client. Of its assets, 96.4% ($119M across 374 accounts) are managed with discretion; $4.39M across 52 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 76% | 35% |
| High-net-worth individuals | 24% | 65% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 115 | $43.7M | 35.4% | $380K |
| High-net-worth individuals | 36 | $79.7M | 64.6% | $2.21M |
| Corporations and other businesses | 1 | $51.1K | 0.0% | $51.1K |
| Total | 152 | $123M | 100% | $812K |
- Clients
- 115
- Regulatory AUM
- $43.7M
- AUM share
- 35.4%
- Avg. per client
- $380K
- Clients
- 36
- Regulatory AUM
- $79.7M
- AUM share
- 64.6%
- Avg. per client
- $2.21M
- Clients
- 1
- Regulatory AUM
- $51.1K
- AUM share
- 0.0%
- Avg. per client
- $51.1K
Total
- Clients
- 152
- Regulatory AUM
- $123M
- AUM share
- 100%
- Avg. per client
- $812K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 26–50
Q2 Wealth Management charges 0.50%–1.35% a year for its Investment Management Fee. The whole portfolio is charged at the rate of its band. The fee is billed in arrears and is negotiable. The brochure also prices 4 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$250K | 1.35% |
| $250K–$1M | 1.30% |
| $1M–$2M | 1.25% |
| $2M–$3M | 1.20% |
| $3M–$4M | 1.10% |
| $4M–$5M | 1.00% |
| $5M–$10M | 0.90% |
| $10M–$15M | 0.80% |
| $15M–$20M | 0.70% |
| $20M–$30M | 0.60% |
| $30M and above | 0.50% |
Fee details and sources
Other fees
- Educational Classes
- Educational classes are offered free of charge or for a fee of up to $100 per student, payable in advance.
- Financial Planning
- Financial planning is a fixed fee, typically $2,000 for a single planning area and $1,000 per area to update an existing plan, quoted in writing before engagement.
- Hourly Consulting
- Consulting services are billed hourly at $100 to $500 an hour depending on complexity and the professional, with a written estimate of hours.
- Plan Monitoring
- Plan monitoring for engagements other than active investment management clients is typically $100 a month per planning area, billed in arrears.
Raymond Backers owns 75% or more of Q2 Wealth Management. It has 3 employees.
Staff
- 3 employees
- 3 in advisory functions
- 3 state-registered reps
- 2 insurance agents
- 1 soliciting firm
- Owns 75% or more of Q2 Wealth Management LLC
Raymond Backers
Control person · since April 2021
- Owns 10% to 25% of Q2 Wealth Management LLC
Q2 Wealth Insurance LLC
since July 2026
Besides its headquarters, Q2 Wealth Management has 0 offices, with 1 listed address in 1 state.
Kentucky · 1 listed address
- 1792 Alysheba Way, Suite 150, LexingtonHQ
Other business names
Q2 Wealth Management has reported 1 other business name to the SEC.
- Q2 Wealth
Contact and registration details
- Legal name
- Q2 Wealth Management LLC
- Headquarters
- 1792 Alysheba Way, Suite 150, Lexington, KY 40509
- Website
- Not reported
- Phone
- 859-216-2169
- @q2wealthmanagement
- SEC file
- 801-134286
- Structure
- Kentucky LLC
- Fiscal year end
- December
Q2 Wealth Management’s named custodians for separately managed accounts include Charles Schwab ($114M, 92%), Nationwide Life and Annuity Insurance ($6.53M, 5%) and Tiaa-Cref Individual & Institutional Services ($2.3M, 2%). Q2 Wealth Management does not have custody of client assets.
- Nationwide Life and Annuity InsuranceNationwide Life and Annuity Insurance Company · Columbus, OH · $6.53M5%
- Charles SchwabCharles Schwab & Co., Inc. · El Paso, TX · $114M92%
- Tiaa-Cref Individual & Institutional ServicesTiaa-Cref Individual & Institutional Services, LLC · New York, NY · $2.3M2%
- The Lincoln National Life InsuranceThe Lincoln National Life Insurance Company · Fort Wayne, IN · $678K1%
- American Century Investment ServicesAmerican Century Investment Services, Inc. · Kansas City, MO · $151K0%
At year end, Q2 Wealth Management’s separately managed accounts were mostly in stocks (74%) and funds (22%).
What the accounts hold
- Stocks74%
- Funds22%
- Cash3%
- Other1%
- Fixed indexed annuity1%
How many clients does Q2 Wealth Management have?
Q2 Wealth Management has 152 clients and manages $123 million for them, as of July 2026. They include 115 individual clients, 36 high-net-worth individuals and 1 corporate or other business client.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 July 2026
What services does Q2 Wealth Management offer?
Q2 Wealth Management provides financial planning, portfolio management for individuals and small businesses, selecting other managers, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Q2 Wealth Management charge?
Q2 Wealth Management charges 0.50%–1.35% a year for its Investment Management Fee. The whole portfolio is charged at the rate of its band. The fee is billed in arrears and is negotiable.
Which custodians does Q2 Wealth Management use?
Q2 Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (El Paso, TX), with $114M, Nationwide Life and Annuity Insurance Company (Columbus, OH), with $6.53M, Tiaa-Cref Individual & Institutional Services, LLC (New York, NY), with $2.3M, The Lincoln National Life Insurance Company (Fort Wayne, IN), with $678K and American Century Investment Services, Inc. (Kansas City, MO), with $151K. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 July 2026
How many financial advisors does Q2 Wealth Management have?
Q2 Wealth Management has 3 investment adviser representatives registered with state securities authorities, out of 3 employees, and 3 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Q2 Wealth Management invest in?
At the end of its last fiscal year, Q2 Wealth Management’s separately managed accounts held 74% exchange-traded equities, 22% registered funds (mutual funds, ETFs, BDCs), 3% cash and equivalents and 1% other. The 1% other category is described as: Fixed Indexed Annuity.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Q2 Wealth Management?
Q2 Wealth Management’s direct owners are Raymond Backers (75% or more) and Q2 Wealth Insurance LLC (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 31 July 2026
How does Q2 Wealth Management get paid?
Q2 Wealth Management is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Q2 Wealth Management?
Q2 Wealth Management’s main office is at 1792 Alysheba Way, Suite 150, Lexington, KY 40509. Its phone number is 859-216-2169.
