Quan-Vest Consultants, Inc. (“Quan-Vest”) was incorporated on February 27, 1981. Quan-Vest is a privately held
corporation which has provided investment management consulting services since its incorporation. Providing
investment management consulting services is Quan-Vest’s only business. Mark W. Lotruglio, CFA, is Quan-Vest’s
principal owner, owning more than 75% of the corporation. Quan-Vest’s two other owners are individuals who
each own between 5% - 10% of the corporation. Quan-Vest is an independent corporation that does not have a
parent, subsidiaries, or affiliates.
Quan-Vest’s investment management consulting services are mainly comprised of the following:
When directed by a client, Quan-Vest will conduct a search for an investment manager and/or custodian bank.
Quan-Vest will identify, analyze, and perform comprehensive due diligence on qualified candidates for
presentation to the client. Typically, this process includes Quan-Vest issuing request for proposals to qualified
candidates and analyzing each candidate’s response to such request. Finalists are presented to the client who
decides which candidate(s) to retain for the applicable mandate.
Investment Manager and Custodian Searches
When directed by a client, Quan-Vest will perform an asset allocation study in which the risk/return
expectations for one or a series of asset allocation structures are presented to the client who decides which
allocation structure to implement. The goal of the analysis is to assist the client in structuring a portfolio
designed to achieve the client’s risk, return, and liquidity objectives. As part of this process, or separately,
Quan-Vest may recommend reallocating assets among existing investment managers and/or asset classes as
part of a rebalancing strategy.
Asset Allocation Studies and Rebalancing Strategies
Portfolio Monitoring and Reporting
Quan-Vest performs ongoing monitoring and evaluation of client portfolios. Quan-Vest provides reports to
clients on at least a quarterly basis detailing the investment results of the consolidated portfolio, asset classes,
and individual investment managers. The reports are objective in nature and include a host of risk/return
analysis, comparative data, and other analysis. Quan-Vest will meet with clients, when requested, to discuss
such reports which assist the client in fulfilling its fiduciary duties and facilitating its decision making process.
Quan-Vest will assist clients in developing and/or amending existing investment policy statements and
individual investment manager guidelines. These policies and guidelines are based on each client’s unique
circumstances, realistic investment goals, risk tolerance, funding position, liquidity requirements, and other
pertinent factors. After identifying and accounting for the client’s investment objectives and applicable
constraints, Quan-Vest recommends proposed policies and guidelines designed to effectively constrain
investment managers, promote portfolio diversification, and achieve the client’s realistic investment
objectives.
Investment Policy and Guideline Development
While the above description details the major activities Quan-Vest engages in, Quan-Vest also provides related
services, including but no limited to, providing clients with 1) education and updates on the various issues
such as the market environment, asset classes, and investment products, 2) assistance with implementing
client decisions, and 3) information and analysis on significant developments with investment managers
managing client assets.
Other Services
Quan-Vest does not accept discretionary authority or decision making authority for client assets, policies, or
otherwise. While Quan-Vest is retained by a client to provide advice, recommendations, analysis, perspective, and
information, each client is responsible for all related decisions. Quan-Vest does not offer the following services;
brokerage, proxy voting, custody, analysis or structure analysis of individual securities, buy/sell/hold
recommendations on individual securities, or portfolio management.
Quan-Vest Consultants, Inc. | FORM ADV Part 2A 4
Quan-Vest tailors its service to meet the individual needs and circumstances of each client which Quan-Vest comes
to understand through analysis of the client’s portfolio and interaction with each client and its appropriate service
providers. Through this analysis and interaction, Quan-Vest strives to understand each client’s unique
circumstances, realistic investment goals, risk tolerance, and other pertinent factors. Quan-Vest provides
recommendations to each client to assist in designing/redesigning client portfolios to align the portfolio’s asset
allocation, liquidity parameters, investment manager roster, and permitted investments with the client’s
investment goals while addressing the client’s unique circumstances and risk tolerance. Based on a client’s unique
circumstances and risk tolerance, Quan-Vest will recommend whether to permit certain asset classes, investment
strategies, investment managers, and/or classes of securities. Due to this individualized level of service, Quan-Vest
may provide advice and recommendations to some clients that differ from advice and recommendations provided
to other clients. Clients may also restrict the use of certain asset classes, investment strategies, investment
managers and/or classes of securities at their discretion.
Quan-Vest does not participate in wrap fee programs.
Quan-Vest does not manage client assets on a discretionary or non-discretionary basis.
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With respect to compensation for its services, Quan-Vest only accepts payment directly from clients in “hard-
dollars”. Quan-Vest does not accept commissions or any other “soft-dollar” payments. While Quan-Vest primarily
offers fixed fee arrangements, certain clients continue to retain Quan-Vest on an asset based fee schedule that is
no longer offered to new client relationships.
For clients that retain Quan-Vest on an asset based fee schedule, the standard asset based fee schedule is:
0.15% per annum on the first $10 million of assets
0.10% per annum on the next $10 million of assets
0.04% per annum on the next $100 million of assets
0.03% per annum on the next $100 million of assets
0.01% per annum on assets in excess of $220 million
With client approval, Quan-Vest may impose a minimum annual fee.
In certain circumstances, Quan-Vest may offer a discounted fee arrangement. Clients may negotiate fees.
For specific one-time projects, Quan-Vest will typically propose a fixed fee after evaluating the project’s economic
value. Depending on the nature of a specific one-time project, Quan-Vest may, alternatively, propose to charge at
an hourly rate of at least $300 per hour.
The specific manner in which Quan-Vest charges fees is established in a client’s written agreement with Quan-Vest.
Quan-Vest invoices clients in arrears. Each month, quarter, or year, depending on the arrangement with each
client, Quan-Vest will send each client an invoice for services rendered during the previous month, quarter, or
year, respectively. Clients may remit payment for invoices via check or electronic bank transfer. Quan-Vest does
not deduct fees from client assets.
Other than certain clients who have agreed to reimburse Quan-Vest for reasonable travel expenses, lodging, and
meals associated with attending client meetings, there are no other fees or expenses that Quan-Vest charges
clients.
Should Quan-Vest’s agreement with a client be terminated, Quan-Vest does not offer refunds because clients are
invoiced in arrears, i.e., for services that have already been rendered.
Quan-Vest does not accept compensation from any source other than directly from the client. All of Quan-Vest’s
revenue is earned from providing investment management consulting services. Quan-Vest does not provide any
other services and does not sell securities, mutual funds, or other investment products. Quan-Vest’s employees
Quan-Vest Consultants, Inc. | FORM ADV Part 2A 5
may attend conferences, seminars, and other similar programs (collectively “Conference”) that are sponsored by
investment managers or other parties. A Quan-Vest employee will only attend a Conference if the subject matter
to be discussed at such Conference is reasonably expected to enhance the employee’s ability to provide
investment management consulting services to clients. Quan-Vest will pay for the registration fee (if any), travel,
lodging, and other expenses associated with an employee’s attendance at any such Conference. As Conference
attendees at a Conference that does not charge a registration fee, Quan-Vest employees may participate in meals
served at such Conference and may receive insubstantial non-monetary gifts distributed at such Conference as
long as any such meals and/or gift is in compliance with Quan-Vest’s Code of Ethics.
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The methods Quan-Vest employs in providing its investment management consulting services are described in the
section entitled Advisory Business above. Quan-Vest remains vigilant on the historic, current, and expected state
of asset classes (equities, fixed income, real estate, alternatives, etc.) through, but not limited to, the following:
• Reviewing newspapers and periodicals that discuss the capital markets and different aspects of asset
classes;
• Meeting with investment managers;
• Reviewing research materials prepared by others;
• Analyzing the current state of the capital markets;
• Performing internal research;
• Reviewing investment manager press releases and other communications;
• Analyzing expected return information developed by Quan-Vest and/or others;
• Analyzing historic risk and return information; and
• Analyzing correlations among asset classes.
Quan-Vest does not guarantee the advice and recommendations it provides or services it offers will enable a client
to earn a particular return or achieve its risk, return, and/or liquidity objectives. While Quan-Vest does not provide
recommendations on investing in individual securities, investing in securities involves risk of loss that clients should
be prepared to bear. While the advice and recommendations Quan-Vest provides clients are based on sound,
thorough analysis and experience, the actual results of such advice and recommendations may be materially
different then their intended results which exposes clients to a risk of loss they should be prepared to bear.
In providing its investment management consulting services, Quan-Vest does not recommend the use of any
particular type of security. Quan-Vest recommends different asset classes and investment managers within the
asset classes instead of individual securities or security types. Typically, the investment managers retained by the
client decide which individual securities to buy, sell, or hold. When assisting clients in developing investment
policies and guidelines, Quan-Vest may recommend restricting the use of certain security types and/or asset
classes. Additionally, a client may decide to restrict the use of certain security types and/or asset classes at its
discretion.
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Neither Quan-Vest nor any of its employees have been involved in any legal or disciplinary events in the past 10
years that would be material to a client’s evaluation of the company or its personnel.
Quan-Vest has no other disciplinary information to report.
Quan-Vest Consultants, Inc. | FORM ADV Part 2A 6
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Quan-Vest is not, nor does it intend to become, a broker-dealer. Quan-Vest has no employees that are registered
representatives of a broker-dealer. One of Quan-Vest’s owners, 7% of the corporation’s shares, is a registered
representative at Virtu Financial, Inc. (“Virtu”)which offers transaction services. Quan-Vest does not receive any
payment or benefit, directly or indirectly, from Virtu, or this minority owner. Quan-Vest does not recommend
clients use Virtu or this minority owner for brokerage services, commission recapture program, discounted
commission program, and/or transition management. By virtue of its size in the industry, investment managers
that Quan-Vest recommends to clients may, at their discretion, execute client transactions with Virtu but Quan-
Vest is not involved in that decision in any way nor does it track which relationship manager and/or registered
representative contacts are maintained by investment managers who use Virtu’s services.
Quan-Vest is not, nor does it intend to become, a futures commission merchant, commodity pool operator,
commodity trading advisor, or an associated person of the foregoing entities.
Quan-Vest does not have a relationship or arrangement material to its investment management consulting
business that would create a conflict of interest with clients with any of the following:
• Broker-dealer, municipal securities dealer, or government securities dealer or broker (please refer to
the disclosure listed in the first paragraph of this section);
• Investment company or other pooled investment vehicle (including a mutual fund, closed-end
investment company, unit investment trust, private investment company or “hedge fund,” and
offshore fund);
• Other investment adviser or financial planner;
• Futures commission merchant, commodity pool operator, or commodity trading advisor;
• Banking or thrift institution;
• Accountant or accounting firm;
• Lawyer or law firm;
• Insurance company or agency;
• Pension consultant;
• Real estate broker or dealer; and/or
• Sponsor or syndicator of limited partnership.
To avoid conflicts of interest, Quan-Vest receives no compensation, directly or indirectly, from investment
managers it recommends to clients. Quan-Vest’s employees may attend conferences, seminars, and other similar
programs (collectively “Conference”) that are sponsored by investment managers or other parties. A Quan-Vest
employee will only attend a Conference if the subject matter to be discussed at such Conference is reasonably
expected to enhance the employee’s ability to provide investment management consulting services to clients.
Quan-Vest will pay for the registration fee (if any), travel, lodging, and other expenses associated with an
employee’s attendance at any such Conference. As Conference attendees at a Conference that does not charge a
registration fee, Quan-Vest employees may participate in meals served at such Conference and may receive
insubstantial non-monetary gifts distributed at such Conference as long as any such meals and/or gift is in
compliance with Quan-Vest’s Code of Ethics.
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Trading Quan-Vest’s Code of Ethics (“Code”) is designed to address and avoid conflicts of interest relating to clients,
personal trading, and related activities. The Code is based on three underlying principles;
• Quan-Vest and its employees must, at all times, place the interests of clients ahead of its own;
Quan-Vest Consultants, Inc. | FORM ADV Part 2A 7
• Quan-Vest and its employees must ensure that all personal securities transactions are conducted in a
manner that is consistent with the Code and avoids conflicts of interest or abuses of Quan-Vest’s position
of trust and responsibility; and
• Quan-Vest and its employees should not take inappropriate advantage of Quan-Vest’s position of trust
and responsibility. The receipt of investment opportunities, perks, benefits, and/or gratuities from
persons providing and/or seeking business with Quan-Vest or its clients could compromise the exercise of
Quan-Vest’s independent judgment.
Clients and prospective clients may obtain a copy of Quan-Vest’s Code of Ethics by requesting such from Quan-
Vest’s Chief Compliance Officer, Mark W. Lotruglio.
With respect to investing Quan-Vest and/or its employees’ assets in investment products that Quan-Vest may
recommend to clients, Quan-Vest may recommend that clients consider investing in certain publically traded
mutual funds based on cost, diversification, and/or access to an investment strategy that may not otherwise be
accessible. Quan-Vest considers such recommendations as being within the context of an investment manager
search. Quan-Vest and/or its employees may also invest in certain of these mutual funds. Quan-Vest deems the
amount Quan-Vest and/or its employees may invest in these mutual funds as not material to the mutual funds’
overall assets. Additionally, Quan-Vest is not compensated by any mutual fund company should a client decide to
invest in these mutual funds. Quan-Vest does not believe investing in the same publically traded mutual funds
Quan-Vest may recommend to clients creates a conflict of interest for the reasons outlined above. Other than
recommending mutual funds, neither Quan-Vest nor its employees currently have material financial interest in
investment managers Quan-Vest recommends to clients.
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Quan-Vest does not offer brokerage services nor does it accept commissions, use client commissions, or accept
other “soft-dollar” compensation as payment for services, research, or for other reasons.
Quan-Vest may occasionally present to a client the services of a broker-dealer for a commission recapture
program, discounted commission program, and/or transition management. In such situations, Quan-Vest does not
receive any monetary or other benefit should a client establish an agreement with a broker-dealer for these
services. Clients who direct their investment managers to use the service of a broker-dealer may not be
guaranteed best execution on transactions executed by that broker-dealer. To deal with this issue, should a client
retain the services of a broker-dealer for a commission recapture program or discounted commission program,
Quan-Vest recommends the client inform its investment managers they are not required to execute a specified
percentage of client transactions with that broker-dealer only that the client has an agreement with such broker-
dealer. Therefore, the decision whether to execute transactions with a broker-dealer is made by the investment
manager not the client. The investment manager, not the client, makes the decision whether the broker-dealer
offers best execution and the investment manager is not required to transact with the broker-dealer.
Quan-Vest is not, nor does it intend to become, a broker-dealer. Quan-Vest has no employees that are registered
representatives of a broker-dealer. One of Quan-Vest’s owners, 7% of the corporation’s shares, is a registered
representative at Virtu Financial, Inc. (“Virtu”)which offers transaction services. Quan-Vest does not receive any
payment or benefit, directly or indirectly, from Virtu, or this minority owner. Quan-Vest does not recommend
clients use Virtu or this minority owner for brokerage services, commission recapture program, discounted
commission program, and/or transition management. By virtue of its size in the industry, investment managers
that Quan-Vest recommends to clients may, at their discretion, execute client transactions with Virtu but Quan-
Vest is not involved in that decision in any way nor does it track which relationship manager and/or registered
representative contacts are maintained by investment managers who use Virtu’s services.
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Quan-Vest reviews client accounts on, at least, a monthly basis. Every client portfolio is reviewed for:
• Performance;
Quan-Vest Consultants, Inc. | FORM ADV Part 2A 8
• Asset allocation;
• Allocation of assets among investment managers;
• Style drift;
• Benchmark and peer group comparisons;
• Risk characteristics;
• Investment manager fees;
• Equity turnover for separate accounts;
• Cash flow; and
• Other pertinent information.
Each client is sent a written investment performance report at least quarterly. Quan-Vest provides more frequent
reporting at a client’s request and/or based on client meetings that Quan-Vest attends. Each report includes the
information described above as well as other related information.
Quan-Vest’s Chairman, President, and/or Vice President review each account as described above. If a client holds a
meeting at which the Chairman, President, and/or Vice President is not present, one of Quan-Vest’s consultants or
analysts will present the investment performance report to the client. In these situations, the Chairman, President,
and/or Vice President will review the report prior to the client meeting.
Quan-Vest may review all or a portion of a client’s account more frequently than monthly based on factors
including, but not limited to:
• Client meetings;
• Asset allocation studies;
• Rebalancing requirements;
• Cash flow;
• Changes in the market environment;
• Client requests;
• Transfers between investment managers; and
• News relating to a specific investment manager or asset class.
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Quan-Vest does not receive any economic benefits from any party who is not a client for providing its investment
management consulting services to clients. All of Quan-Vest’s revenue is paid to Quan-Vest directly from clients.
Quan-Vest does not compensate any individual for client referrals.
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Quan-Vest does not provide proxy voting services nor does it send clients proxies or other solicitations. Clients
receive proxies and other solicitations directly from their custodian or transfer agent. Clients may contact Quan-
Vest regarding proxies but Quan-Vest will not provide a recommendation on how to vote such proxies.
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As Quan-Vest does not have discretionary authority of client assets, does not have custody of client assets, and
does not require or solicit prepayment of fees from clients, Quan-Vest is not required to disclose its balance sheet
in this brochure.
Quan-Vest Consultants, Inc. | FORM ADV Part 2B
Quan-Vest Consultants, Inc. 390 Plandome Road Manhasset, NY 11030 (516) 365-4619 Updated: March 3, 2020
FORM ADV PART 2B BROCHURE SUPPLEMENT Mark W. Lotruglio Thomas A. Mazur Matthew A. Carrozzo Gerard J. Mahoney III This brochure supplement provides information about Supervised Persons listed above that supplements Quan-Vest Consultants, Inc.’s Form ADV Part 2A. You should have received a copy of that brochure. Please contact Mark W. Lotruglio, Chairman & President, if you did not receive Quan-Vest Consultants, Inc.’s brochure or if you have any questions about the contents of this supplement. Additional information about the individuals listed above is available on the SEC’s website at www.adviserinfo.sec.gov.
Quan-Vest Consultants, Inc. | FORM ADV Part 2B 10
Mark W. Lotruglio, CFA
Item 2 - Educational Background and Business Experience
Born: 1969
Education:
• Pennsylvania State University, MBA, Finance and International Business, with honors, 1993
• Washington & Lee University, BS, Business Administration,
Cum Laude, 1991
Business Background:
• Quan-Vest Consultants, Inc., Chairman, President and Chief Compliance Officer; 1996 –
Present
• Standard & Poor’s, Associate Director; 1993-1996
Designations:
• A holder of the right to use the Chartered Financial Analyst® designation
For more information on the qualifications of this designation, please see the Appendix
Item 3 - Disciplinary History
There are no disciplinary items to disclose.
Item 4 - Other Business Activities
Other than in his capacity as Chairman, President and Principal owner of Quan-Vest Consultants,
Inc., Mark W. Lotruglio is not actively engaged in any investment-related business or occupation,
including being registered, or having an application pending to register, as a broker-dealer,
registered representative of a broker-dealer, futures commission merchant (“FCM”), commodity
pool operator (“CPO”), commodity trading advisor (“CTA”), or an associated person of an FCM,
CPO, or CTA.
Item 5 - Additional Compensation
Mark W. Lotruglio does not receive any economic benefit, such as sales awards and other prizes,
from any person or entity for providing investment advisory services other than compensation
from Quan-Vest Consultants, Inc.
As Chairman and President of Quan-Vest Consultants, Inc., Mark W. Lotruglio is responsible for
developing and supervising all investment management consulting services and advice Quan-
Vest and its employees provide to clients. Mr. Lotruglio can be reached at 516-365-4619.
For
more information on Supervision, please see the Appendix
Quan-Vest Consultants, Inc. | FORM ADV Part 2B 11
Thomas A. Mazur Item 2 - Educational Background and Business Experience
Born: 1977
Education:
• New York Institute of Technology, BA, Business Administration,
Summa Cum Laude, 2003
Business Background:
• Quan-Vest Consultants, Inc., Vice President; 2001 – Present
Designations:
• Level II Candidate in the CFA Program
• Level II Candidate for the Chartered Alternative Investment Analyst Association Charter
For more information on the qualifications of these designations, please see the Appendix Item 3 - Disciplinary History
There are no disciplinary items to disclose.
Item 4 - Other Business Activities
Other than in his capacity as Vice President of Quan-Vest Consultants, Inc., Thomas A. Mazur is
not actively engaged in any investment-related business or occupation, including being
registered, or having an application pending to register, as a broker-dealer, registered
representative of a broker-dealer, futures commission merchant (“FCM”), commodity pool
operator (“CPO”), commodity trading advisor (“CTA”), or an associated person of an FCM, CPO,
or CTA.
Item 5 - Additional Compensation
Thomas A. Mazur does not receive any economic benefit, such as sales awards and other prizes,
from any person or entity for providing investment advisory services other than compensation
from Quan-Vest Consultants, Inc.
Thomas A. Mazur is supervised by Mark W. Lotruglio, Chairman and President. Mr. Lotruglio can
be reached at 516-365-4619.
For more information on Supervision, please see the Appendix
Quan-Vest Consultants, Inc. | FORM ADV Part 2B 12
Matthew A. Carrozzo Item 2 - Educational Background and Business Experience
Born: 1990
Education:
• Niagara University, BS, Finance, 2012
Business Background:
• Quan-Vest Consultants, Inc., Consultant; 2013 - Present
• Jefferies LLC, Financial Analyst; 2012 - 2013
Designations:
• Level I Candidate in the CFA Program
For more information on the qualifications of this designation, please see the Appendix
Item 3 - Disciplinary History
There are no disciplinary items to disclose.
Item 4 - Other Business Activities
Other than in his capacity as a Consultant at Quan-Vest Consultants, Inc., Matthew A. Carrozzo is
not actively engaged in any investment-related business or occupation, including being
registered, or having an application pending to register, as a broker-dealer, registered
representative of a broker-dealer, futures commission merchant (“FCM”), commodity pool
operator (“CPO”), commodity trading advisor (“CTA”), or an associated person of an FCM, CPO,
or CTA.
Item 5 - Additional Compensation
Matthew A. Carrozzo does not receive any economic benefit, such as sales awards and other
prizes, from any person or entity for providing investment advisory services other than
compensation from Quan-Vest Consultants, Inc.
Matthew A. Carrozzo is supervised by Mark W. Lotruglio, Chairman and President. Mr. Lotruglio
can be reached at 516-365-4619.
For more information on Supervision, please see the Appendix
Quan-Vest Consultants, Inc. | FORM ADV Part 2B 13
Gerard J. Mahoney III Item 2 - Educational Background and Business Experience
Born: 1995
Education:
• Lafayette College, BA, Economics, 2017
Business Background:
• Quan-Vest Consultants, Inc., Analyst; 2017 - Present
Designations:
• Level II Candidate in the CFA Program
For more information on the qualifications of this designation, please see the Appendix
Item 3 - Disciplinary History
There are no disciplinary items to disclose.
Item 4 - Other Business Activities
Other than in his capacity as an Analyst at Quan-Vest Consultants, Inc., Gerard J. Mahoney is not
actively engaged in any investment-related business or occupation, including being registered,
or having an application pending to register, as a broker-dealer, registered representative of a
broker-dealer, futures commission merchant (“FCM”), commodity pool operator (“CPO”),
commodity trading advisor (“CTA”), or an associated person of an FCM, CPO, or CTA.
Item 5 - Additional Compensation
Gerard J. Mahoney does not receive any economic benefit, such as sales awards and other
prizes, from any person or entity for providing investment advisory services other than
compensation from Quan-Vest Consultants, Inc.
Gerard J. Mahoney is supervised by Mark W. Lotruglio, Chairman and President. Mr. Lotruglio
can be reached at 516-365-4619.
For more information on Supervision, please see the Appendix
Quan-Vest Consultants, Inc. | FORM ADV Part 2B 14
APPENDIX Professional Designations Qualifications for Chartered Financial Analyst (CFA) and CAIA
Charter:
The Chartered Financial Analyst (CFA) charter is a professional designation established in 1962
and awarded by the CFA Institute. The CFA Program contains three levels of curriculum, each
with its own exam. To become a CFA Charterholder, candidates must:
1) Pass the exam for all three levels;
2) Complete work experience requirements before, during, or after participation in the
CFA Program. Such experience must be directly involved with the investment
decision-making process or producing a work product that informs or adds to that
process;
3) In support of a candidate’s membership application, a candidate needs to provide 2-
3 professional references. References will be asked to comment on the candidate’s
work experience and professional character; and
4) Apply to become a regular member of the CFA Institute. Once such application is
approved and a candidate joins the CFA Institute, the candidate will have earned the
CFA Charter.
The three levels of exams in the CFA Program test a wide range of investment topics, including,
but not limited to, ethical and professional standards, quantitative methods, economics,
financial reporting and analysis, corporate finance, equity and fixed-income investments,
alternative and derivative investments, and portfolio management and wealth planning. To
learn more about the CFA charter, please visit
www.cfainstitute.org. The CAIA Charter is a rigorous, self-study education program designed for finance professionals
who seek a high level of knowledge and demonstrated expertise in alternative investments. The
CAIA Charter is recognized as the global benchmark in alternative investment education. The
CAIA Charter is granted upon completion of two levels of qualifying exams, combined with
relevant professional experience. A minimum of 200 hours of study time is recommended for
each level (a total of approximately 400 hours). The CAIA Charter conveys demonstrated
expertise and global credibility in alternative investments. To learn more about the CAIA
Charter, please visit
https://caia.org/programs
Supervision:
As Chairman and President, Mr. Lotruglio requires employees who meet with clients to review
portfolios and provide recommendations to have earned a bachelor degree from a reputable
college and/or university. Mr. Lotruglio encourages such employees to advance their investment
knowledge by obtaining industry recognized designations, other degrees, and/or attending
educationally based conferences. Mr. Lotruglio believes employees having a deeper
understanding of the capital markets will, generally, improve the employee’s ability to provide
clients with sound advice.
Quan-Vest Consultants, Inc. | FORM ADV Part 2B 15
Prior to any employee interaction with a client regarding specific investment advice, Mr.
Lotruglio meets with the employee to discuss the advice the employee will provide to the client.
During these meetings, Mr. Lotruglio reviews with the employee the issues at hand in relation to
the client’s portfolio, unique circumstances, risk tolerance, market environment, and other
factors critical in determining the soundness of the advice. Mr. Lotruglio reviews material the
employee will distribute to the client for accuracy, ease of understanding, and other pertinent
factors. For client meetings at which Mr. Lotruglio is present, he will monitor the advice an
employee provides to a client. For client meetings at which Mr. Lotruglio will not be present, he
will review the planned advice with the employee prior to the meeting. Mr. Lotruglio or his
designee monitors the implementation of client decisions by reviewing the written suggested
instructions provided to clients and through discussions with the employee and the client.
As Chief Compliance officer, Mr. Lotruglio requires employees to review, annually, Quan-Vest’s
Code of Ethics, E-Mail Policy, and Compliance Policies and Procedures. On a quarterly basis,
employees are required to submit a securities transaction report. In this manner, employees are
kept aware of the policies Quan-Vest has in place that are designed to limit conflicts of interest,
maintain high ethical standards, and place client interests first.
On an ongoing basis, Mr. Lotruglio provides feedback to each employee regarding his/her job
performance. A portion of an employee’s annual compensation will reflect his/her job
performance.
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Open Brochure from SEC website