Eq, LLC (Mercer Island)

Eq, LLC is a large advisory firm based in Mercer Island. It manages $203.36 million of regulatory assets for 842 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Arizona, California, Louisiana, and 5 other states.

Eq provides financial planning services, portfolio management for individuals and small businesses, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Eq: assets under management

The assets under management (AUM) of Eq, LLC is $203.36 million. The firm's AUM has grown by 1% since the beginning of its operation, and $3.16 million of the total AUM is attributable to clients outside of the United States.

The firm manages $187.81 million in discretionary accounts and $15.55 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $245.5 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $201.9 thousand.

Eq has custody of $24.26 million in cash and securities for 54 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 80% of the total AUM. The second-largest asset type is investment and business development companies, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Eq, 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 Eq serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Eq is high net worth individuals with 130 clients and $180.5 million of assets under management. Among the 12 most similar advisory firms, Eq has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $203.36 million for 191 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.

Eq doesn't advise any private funds.

Careers at Eq, LLC

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 4 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
John Michael Quigley	Managing member/cco	1 Nov 2017	50% - 75%	2556424
Stephen Patrick Emanuels	Managing member	1 Nov 2017	50% - 75%	3143866

Based in Mercer Island

The principal office where Eq, LLC performs its advisory services is located at 2835 82 Nd Avenue Se, Mercer Island, WA 98040, 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 425-434-1000 or by fax 855-824-7473. The normal business hours are 8 a.m. - 5 p.m. on Monday - Friday.