What does Simon Quick Advisors do?
Simon Quick Advisors provides advisor-led investment management and financial planning for individuals and families. The service combines ongoing portfolio management with planning for retirement, taxes, estate considerations, cash flow, and risk management. Family office services are also available for clients with more complex wealth needs.
Its wealth management service has a $20,000 minimum annual fee. Advisory fees are generally based on assets under management or a negotiated fixed fee. This fee floor can make the service less practical for smaller portfolios.
Simon Quick builds portfolios around an Investment Policy Statement (IPS) based on factors such as liquidity needs, risk tolerance, taxes, and time horizon. It primarily allocates client assets to investment managers and private funds, while also using mutual funds, ETFs, and individual securities when appropriate. Portfolios can span equities, fixed income, alternatives, and cash.
What are the pros and cons of Simon Quick Advisors?
Here is a look at the pros and cons of Simon Quick Advisors.
Pros of Simon Quick Advisors:
- Customized investment policy: Simon Quick tailors portfolio decisions to each client’s goals, risk tolerance, liquidity needs, tax situation, and time horizon.
- Integrated planning: Investment decisions can be considered alongside taxes, retirement, estate planning, insurance, cash flow, and business-transition needs.
- Flexible authority: Clients can choose discretionary or nondiscretionary management.
- Broad investment options: Portfolios may use stocks, fixed income, separately managed accounts, mutual funds, ETFs, and alternatives for eligible clients.
Cons of Simon Quick Advisors:
- High minimum fee: The usual $20,000 annual minimum may be costly for smaller portfolios.
- Limited pricing transparency: The firm does not publish a standard percentage rate or fixed-fee range.
- Layered costs: Outside-manager fees, fund expenses, brokerage charges, and transaction costs may apply.
Simon Quick Advisors fees: How much does Simon Quick Advisors cost?
Simon Quick charges either a percentage of managed assets or a fixed fee, with both subject to negotiation. Pricing may vary based on asset value and type, account composition, complexity, scope of services, and negotiated terms.
Cost item | Disclosed |
|---|---|
Wealth management/investment consulting | Fees are generally asset-based or fixed; pricing is negotiable |
Minimum annual fee | $20,000, with possible reduction or waiver |
Billing | Quarterly in arrears |
Family office / stand-alone planning | Typically, fixed fee or hourly rates |
Bill pay and bookkeeping | Standalone fees are negotiable and typically range from $125 to $350 per hour |
Excluded-asset reporting | Generally, $250 per account annually |
Historical reporting or special projects | $125 per hour |
Additional costs | Outside-manager fees, fund expenses, brokerage and transaction charges, and certain custodial costs |
Clients who use outside managers, mutual funds, or private funds may pay additional management, fund, and transaction expenses, increasing their total cost.
What is Simon Quick Advisors’s minimum account size?
Simon Quick does not typically set a minimum asset requirement for retail clients.
The firm generally charges a minimum annual fee of $20,000 for wealth management.
In practice, the minimum annual fee makes the service better suited to wealthier clients with broader investment and planning needs.
Who should choose Simon Quick Advisors?
Simon Quick Advisors works well for:
- Complex financial planning: Families that need to coordinate investment management with retirement, tax, estate, insurance, and cash-flow decisions.
- Business and asset-protection needs: Executives and business owners seeking help managing liabilities, protecting assets, or planning a business transition.
- Dedicated advisor support: Investors who prefer working with a designated advisor and support team rather than relying primarily on an automated platform.
- Access to alternative investments: Eligible clients who want alternative strategies considered alongside traditional investments.
Who might not benefit as much:
- Cost-conscious investors: Clients mainly seeking inexpensive portfolio management may find the fee too high.
- Households with straightforward needs: Investors with straightforward retirement accounts may not need the full-service model.
- Preference for transparent pricing: Clients who want to review a published advisory fee schedule or standard fee range before contacting the firm.
- Simple, liquid portfolios: Investors who prefer to keep things simple and avoid the added costs and complexity that can come with private funds and outside managers.
Simon Quick Advisors: Is it secure?
Simon Quick has standard safeguards around client assets and personal information.
It is an SEC-registered investment advisor, and client assets are generally held by unaffiliated custodians such as Schwab, Fidelity, or Pershing rather than by Simon Quick itself. This separates portfolio management from asset custody, so clients’ securities and cash are held at an independent financial institution.
Simon Quick also uses safeguards for personal information, including two-factor authentication, and intrusion-prevention systems. These measures help reduce operational and data-security risks, but they do not protect clients from investment or market losses.
Simon Quick Advisors: Customer service
Simon Quick offers a relationship-led service model built around a dedicated advisor and support team. Accounts are reviewed regularly, with at least annual discussions about financial plans, goals, and performance.
You can contact the firm by phone, through an online contact form, or at one of its offices.
This service model is better suited to clients with more complex financial needs who value ongoing advice and coordination.
Simon Quick Advisors: Mobile App
Simon Quick Advisors does not offer a dedicated mobile app.
Clients instead use secure online portals for portfolio and financial information. Clients who prefer app-based account management may find this setup less convenient.
Is Simon Quick Advisors worth it?
Simon Quick offers a comprehensive, advisor-led model for clients needing both portfolio management and continuing financial planning.
Its strengths are customization, broad planning coverage, flexible authority, and team-based support. The trade-offs are the $20,000 minimum annual fee, negotiated pricing, and additional investment costs.
It is well suited to affluent households with financial needs complex enough to justify coordinated advice.
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