{"url":"https://nivawealth.com/firms/quorus-323161","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/323161","regulatoryAum":148224228,"crd":"323161","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"6223796","suffix":null,"lastName":"BIRMINGHAM","firstName":"KYLE","middleName":"JOSEPH"},{"crd":"6094392","suffix":null,"lastName":"HILL","firstName":"JOHN","middleName":"WILLIAM"},{"crd":"7506495","suffix":null,"lastName":"Joshi","firstName":"Prashant","middleName":"A"},{"crd":"7821696","suffix":null,"lastName":"LYON","firstName":"ALEXANDRA","middleName":"EMMA"}],"total":4,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"secFileNumber":"801-136190","legalName":"Quorus Inc.","displayName":"Quorus","slug":"quorus-323161","website":"https://quorus.io/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/323161/a810752906f31151-r1.webp","tone":"light","width":893,"height":200,"sourceUrl":"https://www.quorus.io/","sourceLabel":"Quorus Inc., website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/quorusinc/","founded":null,"organization":"Delaware corporation","fiscalYearEnd":"December","headquarters":{"street":"500 Post Road East, 2nd FL, Suite 303","city":"Westport","state":"CT","stateName":"Connecticut","country":"United States","postalCode":"06880"},"tradeNames":[],"registration":{"secApproved":"10 June 2026","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":825434.4885057472,"staff":{"employees":7,"advisory":3,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":148224228,"discretionary":148224228,"discretionaryAccounts":240,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":44,"regulatoryAum":5070599},{"label":"High-net-worth individuals","clients":130,"regulatoryAum":138555002},{"label":"Banking or thrift institutions","clients":null,"fewerThan5":true,"regulatoryAum":3915285},{"label":"Charitable organizations","clients":null,"fewerThan5":true,"regulatoryAum":683342}],"feePrograms":[],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T17:19:15.263332+00:00","documents":[{"name":"QUORUS INC. ADV PART 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1041633","versionId":1041633,"submittedOn":"2026-04-16"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":146162588},{"name":"Fidelity Brokerage Services LLC","shortName":"Fidelity","location":"Smithfield, RI","smaAssets":2061640}],"custodyNote":"Quorus does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"John Hill","title":"Chief Executive Officer / Chief Compliance Officer, Director, Shareholder","crd":"6094392"},{"name":"Karen Calby","title":"Shareholder (Series Seed)","crd":"2469078"},{"name":"John Hanlon","title":"Shareholder (Series Seed)","crd":"1092690"},{"name":"Scott Shumway","title":"Chief Technology Officer, Director, Shareholder","crd":"5986440"}],"ownership":[{"label":"John Hill","detail":"Chief executive officer / chief compliance officer, director, shareholder in the 25% to 50% ownership band and a control person, since July 2022."},{"label":"Scott Shumway","detail":"Chief technology officer, director, shareholder in the 10% to 25% ownership band and a control person, since August 2022."},{"label":"New Stack II Q, LP (QP Fund)","detail":"Shareholder (series seed) in the 5% to 10% ownership band, since March 2023."},{"label":"Wisdomtree, Inc.","detail":"Shareholder (series seed-1) in the 10% to 25% ownership band and a control person, since June 2025."},{"label":"Nicholas Moran","detail":"Indirect owner: general partner of New Stack II Q, LP (QP Fund) and a control person, since January 2022.","parent":"New Stack II Q, LP (QP Fund)"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":2,"privateResidences":0},"listedOfficeAddresses":3,"foreignOffices":[],"officesByState":[{"state":"Connecticut","offices":2,"addresses":[{"street":"500 Post Road East, 2nd FL, Suite 303","city":"Westport","headquarters":true},{"street":"119 Griswold St","city":"Glastonbury"}]},{"state":"Pennsylvania","offices":1,"addresses":[{"street":"221 N Olive St.","city":"Media"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"929-560-2588","stateRegisteredReps":3,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Selection of other advisers (including private fund managers)","Other"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":99},{"label":"Cash and cash equivalents","percent":1}],"privateFunds":0},"sources":{"adv1FilingDate":"9 June 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/323161/PDF/323161.pdf","brochureDate":"16 April 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1041633","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Quorus have?","answer":"Quorus has 174 clients and manages $148 million for them, as of June 2026. They include 130 high-net-worth individuals and 44 individual clients.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 9 June 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Quorus offer?","answer":"Quorus provides portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Quorus use?","answer":"Quorus’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $146M and Fidelity Brokerage Services LLC (Smithfield, RI), with $2.06M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 9 June 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Quorus have?","answer":"Quorus has 3 investment adviser representatives registered with state securities authorities, out of 7 employees, and 3 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Quorus invest in?","answer":"At the end of its last fiscal year, Quorus’ separately managed accounts held 99% exchange-traded equities and 1% cash and equivalents.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Quorus?","answer":"Quorus’ direct owners are John Hill, Scott Shumway, New Stack II Q, LP (QP Fund) and Wisdomtree, Inc., each holding 50% or less.","source":"Form ADV Part 1A, Schedules A and B, filed 9 June 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Quorus get paid?","answer":"Quorus is paid through a percentage of assets under management. 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Quorus?","answer":"Quorus’ main office is at 500 Post Road East, 2nd FL, Suite 303, Westport, CT 06880. Its phone number is 929-560-2588. Its website is quorus.io.","source":"Form ADV Part 1A, Item 1.F, filed 9 June 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}