QP Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, estate planning, insurance, philanthropic planning, and tax planning. Financial planning was provided to 1–10 clients last fiscal year.
QP Wealth Management reports 121 clients. They include 82 high-net-worth individuals, 33 individual clients, and 6 corporations and other businesses. Of its assets, 30.3% ($123M across 274 accounts) are managed with discretion; $282M across 441 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 27% | 4% |
| High-net-worth individuals | 68% | 96% |
| Corporations and other businesses | 5% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 33 | $17.1M | 4.2% | $519K |
| High-net-worth individuals | 82 | $387M | 95.6% | $4.72M |
| Corporations and other businesses | 6 | $891K | 0.2% | $148K |
| Total | 121 | $405M | 100% | $3.35M |
- Clients
- 33
- Regulatory AUM
- $17.1M
- AUM share
- 4.2%
- Avg. per client
- $519K
- Clients
- 82
- Regulatory AUM
- $387M
- AUM share
- 95.6%
- Avg. per client
- $4.72M
- Clients
- 6
- Regulatory AUM
- $891K
- AUM share
- 0.2%
- Avg. per client
- $148K
Total
- Clients
- 121
- Regulatory AUM
- $405M
- AUM share
- 100%
- Avg. per client
- $3.35M
- 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
- 1–10
QP Wealth Management charges 0.90%–1.50% a year for its Investment Management Fees. The fee is billed in advance and is negotiable. The brochure also prices 6 other services, listed under fee details.
Fee details and sources
Other fees
- 529 Plan Advisory
- Advice on 529 plan accounts is charged at 0.25% (25 basis points).
- Addepar Reporting and Aggregation
- Enhanced reporting and aggregation services are charged up to 0.07% (7 basis points) a year of client net worth.
- Alternative Investment Fees
- Alternative investments carry a 1% due diligence fee on subscription and a 1.00% annual management fee on the latest valuation, prorated and billed monthly in advance.
- Extraordinary Administrative Services
- Extraordinary administrative services may be charged at $200 an hour, at 1.5 times that rate outside business hours.
- Extraordinary Advisor-Level Consulting
- Extraordinary advisor-level consulting may be charged at $1,000 an hour, at 1.5 times that rate outside business hours.
- Financial Planning
- Stand-alone financial planning is a fixed fee, negotiable, ranging from $1,000 to $2,500 by scope and complexity.
James Lloyd owns 50% to 75% of QP Wealth Management. James Lloyd is CEO; the leadership team includes Chief Investment Officer Thomas Leidner and Chief Operating Officer Lisa Heerwagen. It has 7 employees, 3 of them in advisory roles.
Leadership
- James LloydManaging Member, Chief Executive Officer, and Co-Chief Investment Officer
- Lisa HeerwagenManaging Member, Chief Operating Officer and Chief Compliance Officer
- Thomas LeidnerManaging Member and Co-Chief Investment Officer
- Susana ToothmanOwner
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
- Lisa Karen Heerwagen
- Thomas William Leidner II
- James Wilk Lloyd
Staff
- 7 employees
- 3 in advisory functions
- 3 state-registered reps
- 1 insurance agent
- Owns 50% to 75% of QP Wealth Management, LLC
James Lloyd
Control person · since May 2019
- Owns 10% to 25% of QP Wealth Management, LLC
Thomas Leidner
Control person · since May 2019
- Owns 5% to 10% of QP Wealth Management, LLC
Lisa Heerwagen
Control person · since May 2019
- Owns 5% to 10% of QP Wealth Management, LLC
Susana Toothman
since June 2025
QP Wealth Management’s regulatory assets grew 2.1× from $189M (July 2021) to $405M (May 2026); clients rose from 101 to 121 and employees from 5 to 7.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| May 2026 | $405M | 121 | 7 | 3 |
| July 2025 | $535M | 115 | 9 | 3 |
| March 2024 | $222M | 112 | 7 | 3 |
| May 2023 | $200M | 110 | 7 | 3 |
| May 2022 | $217M | 103 | 4 | 3 |
| July 2021 | $189M | 101 | 5 | 1 |
Besides its headquarters, QP Wealth Management has 2 offices (2 private residences, listed without an address), with 1 listed address in Florida.
Florida · 1 listed address
- 2700 N Military Trail, Suite 240, Boca RatonHQ
Contact and registration details
- Legal name
- QP Wealth Management, LLC
- Headquarters
- 2700 N Military Trail, Suite 240, Boca Raton, FL 33431
- Website
- qpwealthmanagement.com
- Phone
- 732-526-2701
- @qpwealthmanagement
- SEC file
- 801-115196
- Structure
- Delaware LLC
- Fiscal year end
- December
QP Wealth Management uses Pershing ($239M) as custodian for its separately managed accounts. QP Wealth Management has custody of $260M in client assets for 93 clients.
- PershingPershing Advisor Solutions LLC · Albany, NY · $239M100%
At year end, QP Wealth Management’s separately managed accounts were largely in stocks (35%) and funds (12%). Its reported 13F holdings for the quarter ended 30 June 2026 total $70.1M across 71 positions; the largest are SPDR Index Shs Fds (7.1%), Apple Inc. (5.0%) and iShares TR (4.5%).
What the accounts hold
- Stocks35%
- Exchange-traded equities34%
- Non-exchange-traded equities1%
- Funds12%
- Registered funds11%
- Pooled vehicles1%
- Bonds9%
- State and local bonds7%
- U.S. government and agency bonds1%
- Investment grade corporate bonds1%
- Cash5%
- Other41%
- Other investments are alternatives hedge, private equity etc41%
Reported 13F holdings
- $70.1M
- Reported 13F value
- 71
- Positions
- 41.2%
- In the 10 largest
- +20.1%
- Value vs. prior quarter
- SPDR Index Shs Fds · ST Str PO EX ETF7.1%
- Apple Inc.5.0%
- iShares TR · Rusel 2500 ETF4.5%
- Western Digital Corp.4.3%
- Alphabet Inc. · Cap Stk CL A3.8%
- Tesla Inc.3.7%
- Bloom Energy Corp. · Com CL A3.5%
- Nvidia Corporation3.2%
- Micron Technology Inc.3.0%
- First TR Exchange Traded FD · Dorsey Wrt 5 ETF3.0%
Together, the ten largest are 41.2% of reported value.
How many clients does QP Wealth Management have?
QP Wealth Management has 121 clients and manages $405 million for them, as of May 2026. They include 82 high-net-worth individuals, 33 individual clients, and 6 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 19 May 2026
What services does QP Wealth Management offer?
QP Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, estate planning, insurance, philanthropic planning, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does QP Wealth Management charge?
QP Wealth Management charges 0.90%–1.50% a year for its Investment Management Fees. The fee is billed in advance and is negotiable.
Which custodians does QP Wealth Management use?
QP Wealth Management’s separately managed account assets are held at Pershing Advisor Solutions LLC (Albany, NY), with $239M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 19 May 2026
How many financial advisors does QP Wealth Management have?
QP Wealth Management has 3 investment adviser representatives registered with state securities authorities, out of 7 employees, and 3 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does QP Wealth Management invest in?
At the end of its last fiscal year, QP Wealth Management’s separately managed accounts held 41% other, 34% exchange-traded equities, 11% registered funds (mutual funds, ETFs, BDCs), 7% state and local bonds, 5% cash and equivalents, 1% non-exchange-traded equities, 1% U.S. government and agency bonds, 1% investment grade corporate bonds and 1% pooled vehicles (private funds and similar). The 41% other category is described as: Other Investments Are Alternatives Hedge, Private Equity Etc.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns QP Wealth Management?
QP Wealth Management’s direct owners are Thomas Leidner (10% to 25%), James Lloyd (50% to 75%), Lisa Heerwagen (5% to 10%) and Susana Toothman (5% to 10%).
Source: Form ADV Part 1A, Schedules A and B, filed 19 May 2026
How does QP Wealth Management get paid?
QP 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
Is QP Wealth Management registered with the SEC?
Yes, QP Wealth Management has been registered with the SEC as an investment adviser since 1 May 2019. Its CRD number is 301071 and its SEC file number is 801-115196.
Source: Form ADV Part 1A, Item 1, filed 19 May 2026; IAPD firm record
How do I contact QP Wealth Management?
QP Wealth Management’s main office is at 2700 N Military Trail, Suite 240, Boca Raton, FL 33431. Its phone number is 732-526-2701. Its website is qpwealthmanagement.com.