Sq Advisors, LLC (Naples)

Sq Advisors, LLC is a large advisory firm based in Naples. It manages $2.67 billion of regulatory assets for 225 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, Florida, Illinois, and 3 other states.

Sq Advisors provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Sq Advisors: assets under management

The assets under management (AUM) of Sq Advisors, LLC is $2.67 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1260% since the beginning of its operation, and $541.08 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.67 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $11.85 million each.

Investments

The firm invests in exchange traded securities the most. They account for 98% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Sq Advisors, LLC for their services and products based on a percentage of assets under management. 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 Sq Advisors serves?

The firm provides services to individuals, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Sq Advisors is charitable organizations with 28 clients and $1.12 billion of assets under management. Among the 7 most similar advisory firms, Sq Advisors has the highest percentage of charitable organizations out of all clients.

The amount of regulatory assets under management is $2.67 billion for 140 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 3% of the firm’s clients are foreign persons or businesses.

Sq Advisors also advises several private funds.

Careers at Sq Advisors, LLC

The company employs 6 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

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

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Louis Allen Simpson	Chairman / managing member	1 Aug 2010	50% - 75%	1088929
Kimberly Kay Querrey	President / managing member	1 Aug 2010	50% - 75%	5859058
Mary Catherine Johnston	Chief compliance officer	1 Apr 2012	Other	3238859
Hilary Lynn King	Chief financial officer	1 Oct 2012	Other	4749885
Anna R Mullen	Managing director/member	1 Apr 2015	Other	5169505
Anna Rachel Mullen	Managing director/member	1 Apr 2015	Other	5169505

Based in Naples

The principal office where Sq Advisors, LLC performs its advisory services is located at 1400 Gulf Shore Blvd. North, Naples, FL 34102, 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 239-213-9393 or by fax 239-213-9396. The normal business hours are 9 am - 5 pm on Monday - Friday.