# QST Capital LLC

> QST Capital LLC is a state-registered investment advisory firm in San Francisco, CA, registered since 2017, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated September 8, 2026.

- CRD: 285613
- Filed as: QST CAPITAL LLC
- Registration: State-registered investment adviser (status as filed: APPROVED)
- Location: San Francisco, CA
- Filing period: October 2026
- Form ADV filing dated: September 8, 2026
- Public record (IAPD): https://adviserinfo.sec.gov/firm/summary/285613
- AdvisorCensus page: https://advisorcensus.com/firm/qst-capital-llc-san-francisco-ca-285613

## Quick answers

**How is QST Capital LLC compensated?**
On its Form ADV (Item 5.E, October 2026), QST Capital LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is QST Capital LLC located?**
QST Capital LLC's principal office is in San Francisco, CA, according to its Form ADV.

**Is QST Capital LLC registered with the SEC or a state?**
QST Capital LLC is a state-registered investment advisory firm, registered since 2017. Status as filed: APPROVED. CRD 285613.

**How much does QST Capital LLC manage?**
QST Capital LLC reports $35,300,000 in regulatory assets under management in its Form ADV filing dated September 8, 2026 (100% discretionary).

**What types of clients does QST Capital LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (9); high net worth individuals (5); pooled investment vehicles (other than investment companies and business development companies) (2).

**Does QST Capital LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/285613

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $35,300,000
- Discretionary: $35,300,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 9 | $861,000 |
| High net worth individuals | 5 | $1,730,000 |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $28,147,000 |
| Other investment advisers | Fewer than 5 | $4,562,000 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2017 (9 years)
- Employees: 3 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, MN
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- qstcapital.com
- Instagram @QST_CAPITAL
- LinkedIn @QST-CAPITAL-LLC

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. QST Capital LLC (CRD 285613): Form ADV filing data as of October 2026.