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Quantum Leap Capital, LLC
Form ADV Part 2A – Disclosure Brochure
Effective: April 29, 2026
This Form ADV 2A (“Disclosure Brochure”) provides information about the qualifications and business practices of
Quantum Leap Capital, LLC (“Quantum Leap Capital” or the “Advisor”). If you have any questions about the
contents of this Disclosure Brochure, please contact the Advisor at (802) 448-2882 or by email at
brendan@quantumleapcapital.com.
Quantum Leap Capital is a registered investment advisor with the U.S. Securities and Exchange Commission
(“SEC”). The information in this Disclosure Brochure has not been approved or verified by the U.S. Securities and
Exchange Commission (“SEC”) or by any state securities authority. Registration of an investment advisor does
not imply any specific level of skill or training. This Disclosure Brochure provides information through Quantum
Leap Capital to assist you in determining whether to retain the Advisor.
Additional information about Quantum Leap Capital and its Advisory Persons is available on the SEC’s website at
www.adviserinfo.sec.gov by searching with the Advisor’s firm name or CRD# 165310.
Quantum Leap Capital, LLC
3 Baldwin Ave, South Burlington, VT 05403
Phone: (802) 448-2882 * Fax: (802) 419-8888
www.quantumleapcapital.com
Item 2 – Material Changes
Form ADV 2 is divided into two parts: Part 2A (the “Disclosure Brochure”) and Part 2B (the “Brochure
Supplement”). The Disclosure Brochure provides information about a variety of topics relating to an Advisor’s
business practices and conflicts of interest. The Brochure Supplement provides information about Advisory
Persons of Quantum Leap Capital.
Quantum Leap Capital believes that communication and transparency are the foundation of its relationship with
Clients and will continually strive to provide its Clients with complete and accurate information at all times.
Quantum Leap Capital encourages all current and prospective Clients to read this Disclosure Brochure and
discuss any questions you may have with us.
Material Changes
The following material changes have been made to this Disclosure Brochure since the last annual amendment
filing on April 24, 2025:
• The Advisor now offers a wrap fee program to Clients. Please see Items 4 and 5 for additional
information.
• Quantum Leap Capital serves as the advisor to a private fund. Please see Items 4, 5, 6, 10, 11, 12, and
15 for additional information.
• The Advisor now offers tax preparation services to certain Clients as part of its wealth management
services. Please see Items 4 and 10 for additional information.
Future Changes
From time to time, the Advisor may amend this Disclosure Brochure to reflect changes in business practices,
changes in regulations or routine annual updates as required by the securities regulators. This complete
Disclosure Brochure or a Summary of Material Changes shall be provided to each Client annually and if a
material change occurs in the business practices of Quantum Leap Capital.
At any time, you may view the current Disclosure Brochure on-line at the SEC’s Investment Adviser Public
Disclosure website at www.adviserinfo.sec.gov by searching with the Advisor’s firm name or CRD# 165310. You
may also request a copy of this Disclosure Brochure at any time, by contacting the Advisor at (802) 448-2882.
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Quantum Leap Capital, LLC
3 Baldwin Ave, South Burlington, VT 05403
Phone: (802) 448-2882 * Fax: (802) 419-8888
www.quantumleapcapital.com
Item 3 – Table of Contents
Item 1 – Cover Page ............................................................................................................................................... 1
Item 2 – Material Changes ..................................................................................................................................... 2
Item 3 – Table of Contents ..................................................................................................................................... 3
Item 4 – Advisory Services .................................................................................................................................... 4
A. Firm Information ............................................................................................................................................................. 4
B. Advisory Services Offered .............................................................................................................................................. 4
C. Client Account Management .......................................................................................................................................... 6
D. Wrap Fee Programs ....................................................................................................................................................... 7
E. Assets Under Management ............................................................................................................................................ 7
Item 5 – Fees and Compensation ......................................................................................................................... 7
A. Fees for Advisory Services ............................................................................................................................................. 7
B. Fee Billing ....................................................................................................................................................................... 8
C. Other Fees and Expenses .............................................................................................................................................. 9
D. Advance Payment of Fees and Termination .................................................................................................................. 9
E. Compensation for Sales of Securities .......................................................................................................................... 10
Item 6 – Performance-Based Fees and Side-By-Side Management ................................................................ 10
Item 7 – Types of Clients ..................................................................................................................................... 10
Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss ......................................................... 10
A. Methods of Analysis ..................................................................................................................................................... 10
B. Risk of Loss .................................................................................................................................................................. 11
Item 9 – Disciplinary Information ........................................................................................................................ 12
Item 10 – Other Financial Industry Activities and Affiliations .......................................................................... 12
Item 11 – Code of Ethics, Participation or Interest in Client Transactions and Personal Trading ............... 13
A. Code of Ethics .............................................................................................................................................................. 13
B. Personal Trading with Material Interest ........................................................................................................................ 13
C. Personal Trading in Same Securities as Clients .......................................................................................................... 13
D. Personal Trading at Same Time as Client .................................................................................................................... 14
Item 12 – Brokerage Practices ............................................................................................................................ 14
A. Recommendation of Custodian[s] ................................................................................................................................ 14
B. Aggregating and Allocating Trades .............................................................................................................................. 15
Item 13 – Review of Accounts ............................................................................................................................. 15
Item 14 – Client Referrals and Other Compensation ........................................................................................ 15
A. Compensation Received by Quantum Leap Capital ..................................................................................................... 15
B. Compensation for Client Referrals ............................................................................................................................... 16
Item 15 – Custody ................................................................................................................................................. 16
Item 16 – Investment Discretion ......................................................................................................................... 16
Item 17 – Voting Client Securities ....................................................................................................................... 17
Item 18 – Financial Information ........................................................................................................................... 17
Form ADV Part 2B – Brochure Supplements ..................................................................................................... 25
Privacy Policy ....................................................................................................................................................... 21
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Quantum Leap Capital, LLC
3 Baldwin Ave, South Burlington, VT 05403
Phone: (802) 448-2882 * Fax: (802) 419-8888
www.quantumleapcapital.com
Item 4 – Advisory Services
A. Firm Information
Quantum Leap Capital, LLC (“Quantum Leap Capital” or the “Advisor”) is a registered investment advisor with the
U.S. Securities and Exchange Commission. The Advisor is organized as a Limited Liability Company (“LLC”)
under the laws of Vermont. Quantum Leap Capital was founded in August 2012 and is owned and operated by,
William B. Walsh (Managing Member and Chief Compliance Officer). This Disclosure Brochure provides
information regarding the qualifications, business practices, and the advisory services provided by Quantum Leap
Capital.
B. Advisory Services Offered
Quantum Leap Capital offers investment advisory services to individuals, high net worth individuals, trusts, and
estates (each referred to as a “Client”).
The Advisor serves as a fiduciary to Clients, as defined under the applicable laws and regulations. As a fiduciary,
the Advisor upholds a duty of loyalty, fairness and good faith towards each Client and seeks to mitigate potential
conflicts of interest. Quantum Leap Capital’s fiduciary commitment is further described in the Advisor’s Code of
Ethics. For more information regarding the Code of Ethics, please see Item 11 – Code of Ethics, Participation or
Interest in Client Transactions and Personal Trading.
Wealth Management Services
For Clients with over $1,000,000 in assets under management with the Advisor, Quantum Leap Capital will
provide Clients with wealth management services, which generally include a broad range of comprehensive
financial planning and consulting services in connection with discretionary management of investment portfolios.
In certain instances, wealth management fees collected by Quantum Leap Capital will cover the cost of tax
preparation services rendered by the Advisor. For Clients with less than $1,000,000 with the Advisor, the Advisor
offers standalone investment management. These services are described below.
Quantum Leap Capital may provide Clients with wealth management services, which generally includes a broad
range of comprehensive financial planning and consulting services in connection with discretionary management
of investment portfolios. These services are described below.
Investment Management Services
Quantum Leap Capital provides customized investment advisory solutions for its Clients. This is achieved through
continuous personal Client contact and interaction while providing discretionary and non-discretionary investment
management and related advisory services. Quantum Leap Capital works closely with each Client to identify their
investment goals and objectives as well as risk tolerance and financial situation in order to create a portfolio
strategy. Quantum Leap Capital will then construct an investment portfolio, consisting of low-cost, diversified
mutual funds and/or exchange-traded funds (“ETFs”) to achieve the Client’s investment goals. The Advisor may
also utilize individual stocks, bonds or options contracts to meet the needs of its Clients. The Advisor may retain
other types of investments from the Client’s legacy portfolio due to fit with the overall portfolio strategy, tax-related
reasons, or other reasons as identified between the Advisor and the Client.
Quantum Leap Capital’s investment strategies are primarily long-term focused, but the Advisor may buy, sell or
re-allocate positions that have been held for less than one year to meet the objectives of the Client or due to
market conditions. Quantum Leap Capital will construct, implement and monitor the portfolio to ensure it meets
the goals, objectives, circumstances, and risk tolerance agreed to by the Client. Each Client will have the
opportunity to place reasonable restrictions on the types of investments to be held in their respective portfolio,
subject to acceptance by the Advisor.
Quantum Leap Capital evaluates and selects investments for inclusion in Client portfolios only after applying its
internal due diligence process. Quantum Leap Capital may recommend, on occasion, redistributing investment
allocations to diversify the portfolio. Quantum Leap Capital may recommend specific positions to increase sector
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Quantum Leap Capital, LLC
3 Baldwin Ave, South Burlington, VT 05403
Phone: (802) 448-2882 * Fax: (802) 419-8888
www.quantumleapcapital.com
or asset class weightings. The Advisor may recommend employing cash positions as a possible hedge against
market movement.
Quantum Leap Capital may recommend selling positions for reasons that include, but are not limited to,
harvesting capital gains or losses, business or sector risk exposure to a specific security or class of securities,
overvaluation or overweighting of the position[s] in the portfolio, change in risk tolerance of the Client, generating
cash to meet Client needs, or any risk deemed unacceptable for the Client’s risk tolerance.
At no time will Quantum Leap Capital accept or maintain custody of a Client’s funds or securities, except for the
limited authority as outlined in Item 15 – Custody. All Client assets will be managed within the designated
account[s] at the Custodian, pursuant to the terms of the advisory agreement. Please see Item 12 – Brokerage
Practices.
Retirement Accounts - When the Advisor provides investment advice to Clients regarding ERISA retirement
accounts or individual retirement accounts (“IRAs”), the Advisor is a fiduciary within the meaning of Title I of the
Employee Retirement Income Security Act (“ERISA”) and/or the Internal Revenue Code (“IRC”), as applicable,
which are laws governing retirement accounts. When deemed to be in the Client’s best interest, the Advisor will
provide investment advice to a Client regarding a distribution from an ERISA retirement account or to roll over the
assets to an IRA, or recommend a similar transaction including rollovers from one ERISA sponsored Plan to
another, one IRA to another IRA, or from one type of account to another account (e.g. commission-based account
to fee-based account). Such a recommendation creates a conflict of interest if the Advisor will earn a new (or
increase its current) advisory fee as a result of the transaction. No client is under any obligation to roll over a
retirement account to an account managed by the Advisor.
Financial Planning Services
Quantum Leap Capital provides a variety of financial planning services to Clients, either as a component of wealth
management or pursuant to a written financial planning agreement. Services are offered in several areas of a
Client’s financial situation, depending on their goals, objectives and financial situation through an ongoing
relationship or a limited scope engagement, pursuant to the financial planning agreement. Clients may also
request to have the Advisor implement the financial plan on a non-discretionary basis or have assets placed on
an online investment management platform.
Generally, such financial planning services will involve preparing a financial plan or rendering a financial
consultation based on the Client’s financial goals and objectives. The planning will include a detailed analysis of,
and recommendations and advice on optimization of, cash flow, debt structure, insurance coverage, investment
holdings, tax planning, retirement income planning, estate planning, and where appropriate, business planning.
Additionally, planning may encompass one or more areas of need, including, but not limited to personal savings,
education savings and other areas of a Client’s financial situation.
A financial plan developed for or financial consultation rendered to the Client will usually include general
recommendations for a course of activity or specific actions to be taken by the Client. For example,
recommendations may be made that the Client start or revise their investment programs, commence or alter
retirement savings, establish education savings and/or charitable giving programs.
Quantum Leap Capital may also refer Clients to an accountant, attorney or another specialist, as appropriate for
their unique situation. For certain financial planning engagements, the Advisor will provide a written summary of
Client’s financial situation, observations, and recommendations. For consulting or ad-hoc engagements, the
Advisor may not provide a written summary. One time plans or consultations are typically completed within six (6)
months of contract date, assuming all information and documents requested are provided promptly.
Clients are not obligated to implement any recommendations made by the Advisor or maintain an ongoing
relationship with the Advisor. If the Client elects to act on any of the recommendations made by the Advisor, the
Client is under no obligation to implement the transaction through the Advisor.
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Quantum Leap Capital, LLC
3 Baldwin Ave, South Burlington, VT 05403
Phone: (802) 448-2882 * Fax: (802) 419-8888
www.quantumleapcapital.com
Business Planning Services
Quantum Leap Capital also offers Business Planning Services, pursuant to a written business planning
agreement. Services are offered in several areas, depending on their goals, objectives and financial situation.
Generally, such consulting services will involve preparing a financial plan or rendering a financial consultation
based on the Client’s financial goals and objectives. This planning or consulting may encompass one or more
areas of need, including, but not limited to business planning, forecasting, business strategy, and reporting.
A business consultation rendered to the Client will usually include general recommendations for a course of
activity or specific actions to be taken by the Client. Quantum Leap Capital may also refer Clients to an
accountant, attorney or another specialist, as appropriate for their unique situation.
Business consulting recommendations may pose a potential conflict between the interests of the Advisor and the
interests of the Client. For example, a recommendation to engage the Advisor for wealth management services or
to increase the level of investment assets with the Advisor would pose a conflict, as it would increase the advisory
fees paid to the Advisor. Clients are not obligated to implement any recommendations made by the Advisor or
maintain an ongoing relationship with the Advisor. If the Client elects to act on any of the recommendations made
by the Advisor, the Client is under no obligation to execute the transaction through the Advisor.
Private Fund Advisor Services
Quantum Leap Capital also serves as the investment manager to the Quantum Leap 1.1.1 Fund L.P. (the “Fund”).
The general partner to the Fund is Quantum Leap 1.1.1 Fund GP, LLC (“QL Fund GP”), an affiliated entity under
common control an ownership with the Advisor. The services to the Fund are detailed in the offering documents for
the Fund, which include as applicable, operating agreements, private placement memorandum and/or term sheets,
subscription agreements, separate disclosure documents, and all amendments thereto (“Offering Documents”).
The Advisor manages the Fund based on the investment objectives, policies and guidelines as set forth in the
respective Offering Documents and not in accordance with the individual needs or objectives of any particular
investor therein. Each prospective investor interested in investing in the Fund is required to complete a subscription
agreement in which the prospective investor attests as to whether or not such prospective investor meets the
qualifications to invest in the Fund and further acknowledges and accepts the various risk factors associated with
such an investment.
In general, investors in the Fund are not permitted to impose restrictions or limitations. However, the Advisor may
enter into side letter agreements with one or more investors that may alter, modify, or change the terms of interest
held by investors. Certain types of side letters create a conflict of interest between the Advisor and the investors in
the Fund, and/or between investors themselves.
The Advisor will recommend that certain Clients invest in the Fund. The recommendation to invest in the Fund
poses a conflict between the interests of the Advisor and the interests of the Client, as the Advisor is incentivized
to increase the amount of assets in the Fund in order to increase the revenue generated to Quantum Leap Capital.
This conflict is mitigated as Clients will pay fees in accordance with the offering documents and will not pay any
investment advisory fees to the Advisor on assets invested in the Fund. Clients of the Advisor are under no
obligation to invest in the Fund.
For more detailed information on investment objectives, policies and guidelines, please refer to the
Fund’s Offering Documents.
C. Client Account Management
Prior to engaging Quantum Leap Capital to provide investment advisory services, each Client is required to enter
into one or more agreements with the Advisor that define the terms, conditions, authority and responsibilities of
the Advisor and the Client. These services may include:
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Quantum Leap Capital, LLC
3 Baldwin Ave, South Burlington, VT 05403
Phone: (802) 448-2882 * Fax: (802) 419-8888
www.quantumleapcapital.com
• Establishing a Financial Plan – Quantum Leap Capital, in connection with the Client, will develop a
financial plan targeted to achieve the Client’s investment goals and objectives.
• Asset Allocation – Quantum Leap Capital, in accordance with the financial plan, will develop a strategic
asset allocation that is targeted to meet the investment objectives, time horizon, financial situation and
tolerance of risk for each Client.
• Portfolio Construction – Quantum Leap Capital, in accordance with the financial plan, will develop a
portfolio for the Client that is intended to meet the stated goals and objectives of the Client.
•
Investment Management and Supervision – Quantum Leap Capital, at the request of the Client, will
provide investment management and ongoing oversight of the Client’s investment portfolio.
D. Wrap Fee Programs
Quantum Leap Capital includes, securities transaction fees (herein “Covered Costs) together with its investment
advisory fees. Including these fees into a single asset-based fee is considered a “Wrap Fee Program”. The
Advisor customizes its investment management services for its Clients. The Advisor sponsors the Quantum Leap
Capital Wrap Fee Program solely as a supplemental disclosure regarding the combination of fees. Depending on
the level of trading required for the Client’s account[s] in a particular year, the Client may pay more or less in total
fees than if the Client paid its own transaction fees. Please see Appendix 1 – Wrap Fee Program Brochure, which
is included as a supplement to this Disclosure Brochure.
E. Assets Under Management
As January 31, 2026, Quantum Leap Capital manages $ $120,541,805 in assets, $102,561,650 of which is
managed on a discretionary basis, and $17,980,155 on a non-discretionary basis. Clients may request more
current information at any time by contacting the Advisor.
Item 5 – Fees and Compensation
The following paragraphs detail the fee structure and compensation methodology for services provided by the
Advisor. Each Client engaging the Advisor for services described herein shall be required to enter into one or
more agreements with the Advisor.
A. Fees for Advisory Services
Wealth Management and Investment Management Services
Wealth management and investment management fees are paid quarterly, in advance of each calendar quarter,
pursuant to the terms of the investment advisory agreement. Investment advisory fees are based on the market
value of assets under management at the end of the prior calendar quarter. Investment advisory fees are based on
the following blended tiered schedule:
Assets Under Management ($)
Annual Rate (%)
$0 - $600,000
$600,001 - $2,500,000
$2,500,001 - $23,600,000
Over $23,600,000
0.75%
0.50%
0.25%
0.125%
The investment advisory fee in the first quarter of service is prorated from the inception date of the account[s] to the
end of the first quarter. Fees may be negotiable at the sole discretion of the Advisor. The Client’s fees will take into
consideration the aggregate assets under management with the Advisor. All securities held in accounts managed by
Quantum Leap Capital will be independently valued by the Custodian. The Advisor will conduct periodic reviews of
the Custodian’s valuation to ensure accurate billing.
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Quantum Leap Capital, LLC
3 Baldwin Ave, South Burlington, VT 05403
Phone: (802) 448-2882 * Fax: (802) 419-8888
www.quantumleapcapital.com
The Advisor’s fee is exclusive of, and in addition to any applicable securities transaction and custody fees, and other
related costs and expenses described in Item 5.C below, which may be incurred by the Client. However, the Advisor
shall not receive any portion of these commissions, fees, and costs.
Private Fund Advisor Services
The Advisor does not charge an investment advisory fee to the Fund. However, the General Partner affiliated with the
Advisor receives compensation in the form of performance allocations. For more detailed information on the fees
and compensation received by the Advisor and its affiliates, please refer to the Fund’s Offering Documents.
Financial Planning Services
Quantum Leap Capital offers financial planning services as described above. Standalone financial planning fees are
generally charged on a fixed fee basis ranging from $1,200 to $25,000, which may be negotiable depending on the
nature and complexity of each Client’s circumstances. An estimate for total hours and/or total costs will be
determined prior to establishing the advisory relationship. Clients may choose to engage the Advisor separately
seeking an ad-hoc financial plan or amendments to an existing financial plan, the Advisor offers an hourly
engagement for $475 per hour.
The Advisor may also be engaged for ongoing planning support through a fee, payable monthly. Annual fees are at
a fixed annual rate ranging from $3,600 to $25,000, which will be based on the complexity of the services, frequency
of Client interactions and other factors. As mentioned in Item 4B above, the Advisor will not charge an extra fee to
implement the financial plan.
The Advisor’s fee is exclusive of, and in addition to, brokerage fees, transaction fees, and other related costs and
expenses, which may be incurred by the Client. However, the Advisor shall not receive any portion of these
commissions, fees, and costs.
Business Planning Services
Quantum Leap Capital offers financial planning services as described above. Business Planning Services are
charged on a fixed fee basis ranging from $300 to $4,000 a month, which may be negotiable based on the
complexity of the services, frequency of Client interactions, and other factors.
B. Fee Billing
Wealth Management and Investment Management Services
Wealth management and investment management fees are calculated by the Advisor or its delegate and deducted
from the Client’s account[s] at the Custodian. The Advisor shall send an invoice to the Custodian indicating the
amount of the fees to be deducted from the Client’s account[s] at the beginning of the respective quarter. The
amount due is calculated by applying the quarterly rate (annual rate divided by 4) to the total assets under
management with Quantum Leap Capital at the end of the prior quarter. Clients will be provided with a statement, at
least quarterly, from the Custodian reflecting deduction of the investment advisory fee. Clients are urged to also
review and compare the statement provided by the Advisor to the brokerage statement from the Custodian, as the
Custodian does not perform a verification of fees. Clients provide written authorization permitting advisory fees to be
deducted by Quantum Leap Capital to be paid directly from their account[s] held by the Custodian as part of the
investment advisory agreement and separate account forms provided by the Custodian.
Private Fund Advisor Services
The Advisor is compensated for the investment management of the Fund through its affiliated General Partner.
Please see Item 6 for details. For more detailed information on the billing and methodology, please refer to
the Fund’s Offering Documents.
Financial Planning Services
Standalone financial planning fees are invoiced by the Advisor and are due upon receipt of the agreed upon
deliverable. Fees for ongoing financial planning services are invoiced monthly and are due upon receipt.
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Quantum Leap Capital, LLC
3 Baldwin Ave, South Burlington, VT 05403
Phone: (802) 448-2882 * Fax: (802) 419-8888
www.quantumleapcapital.com
Business Planning Services
Fees for Business Planning Services are invoiced monthly, in advance. Invoices for these services will be sent to
Clients via email.
C. Other Fees and Expenses
Clients may incur certain fees or charges imposed by third parties in connection with investments made on behalf
of the Client’s account[s]. Quantum Leap Capital includes Covered Costs as part of its overall investment advisory
fee through the Quantum Leap Capital Wrap Fee Program. Securities transaction fees for Client-directed trades
may be charged back to the Client. Please see Item 4.D. above as well as Appendix 1 – Wrap Fee Program
Brochure.
In addition, all fees paid to Quantum Leap Capital for planning services are separate and distinct from the expenses
charged by mutual funds and ETFs to their shareholders, if applicable. These fees and expenses are described in
each fund’s prospectus. These fees and expenses will generally be used to pay management fees for the funds,
other fund expenses, account administration (e.g., custody, brokerage and account reporting), and a possible
distribution fee. A Client may be able to invest in these products directly, without the services of Quantum Leap
Capital, but would not receive the services provided by Quantum Leap Capital which are designed, among other
things, to assist the Client in determining which products or services are most appropriate for each Client’s financial
situation and objectives. Accordingly, the Client should review both the fees charged by the fund[s] and the fees
charged by Quantum Leap Capital to fully understand the total fees to be paid. Please refer to Item 12 – Brokerage
Practices for additional information.
Private Fund Advisor Services
Investors in the Fund may incur certain fees or charges imposed by third parties, other than Quantum Leap
Capital, in connection with investment made on behalf of the Funds. The Funds [and indirectly the Investors] are
responsible for all custody and securities execution fees charged by the Custodian and executing broker-dealer, if
applicable. The fees charged by underlying investments are also indirectly included in the value of an Investor’s
account. Additional details regarding management fees and performance allocations are included in the
Fund’s Offering Documents.
D. Advance Payment of Fees and Termination
Wealth Management and Investment Management Services
Quantum Leap Capital may be compensated for its wealth management and investment management services in
advance of the quarter in which services are rendered. Either party may terminate the investment advisory
agreement, at any time, by providing advance written notice to the other party. The Client may also terminate the
investment advisory agreement within five (5) business days of signing the Advisor’s agreement at no cost to the
Client. After the five-day period, the Client will incur charges for bona fide advisory services rendered to the point of
termination and such fees will be due and payable by the Client. Upon termination, the Advisor will refund any
unearned, prepaid investment advisory fees from the effective date of termination to the end of the quarter. The
Client’s investment advisory agreement with the Advisor is non-transferable without the Client’s prior consent.
Private Fund Advisor Services
The terms for termination are included in the advisory agreement between the Fund and the Advisor. Investors in
the Fund should refer to the offering documents for more information regarding the fee methodology of the Fund.
Financial Planning Services
The Advisor is partially compensated for its standalone financial planning services in advance of the engagement.
The ongoing financial consulting services are offered as a perpetual engagement. Ongoing planning agreements
shall be perpetual in nature and will continue indefinitely, unless terminated by either the Advisor or the Client based
on the financial planning or consulting agreement. Either party may terminate the planning agreement, at any time,
by providing written notice to the other party. In addition, the Client may terminate the Client agreement within five
(5) days of signing the Advisor’s financial planning agreement at no cost to the Client. After the five-day period, the
Client will incur charges for bona fide advisory services rendered to the point of termination and such fees will be
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Quantum Leap Capital, LLC
3 Baldwin Ave, South Burlington, VT 05403
Phone: (802) 448-2882 * Fax: (802) 419-8888
www.quantumleapcapital.com
due and payable by the Client. Upon termination, the Advisor will refund any unearned, prepaid fees to the Client
within two (2) business days of termination. The Client’s financial planning agreement with the Advisor is non-
transferable without the Client’s prior consent.
Business Planning Services
Either party may terminate the planning agreement, at any time, by providing written notice to the other party. In
addition, the Client may terminate the Client agreement within five (5) days of signing the Advisor’s business
planning agreement at no cost to the Client. After the five-day period, the Client will incur charges for bona fide
advisory services rendered to the point of termination and such fees will be due and payable by the Client. Upon
termination, the Advisor will refund any unearned, prepaid fees to the Client within two (2) business days of
termination.
E. Compensation for Sales of Securities
Quantum Leap Capital does not buy or sell securities and does not receive any compensation for securities
transactions in any Client account.
Item 6 – Performance-Based Fees and Side-By-Side Management
Quantum Leap does not charge performance-based fees for its investment advisory services. The fees charged by
Quantum Leap are as described in Item 5 above and are not based upon the capital appreciation of the funds or
securities held by any Client. However, the affiliated General Partner to the Fund is entitled to receive performance-
based compensation in the form of performance allocation distributions. The fact that the General Partner receives
performance-based compensation creates a conflict of interest in that it creates an incentive for the Advisor or the
General Partner to make investments on behalf of the Funds that are riskier or more speculative than would
otherwise be the case in the absence of such performance-based compensation arrangements. To mitigate the
conflicts, the performance-based fee is structured so that all other investors must be made whole before the general
partner receives the fee. In addition, the Offering Documents contain disclosures regarding the amount of fees and
how they are calculated. Importantly, as part of the Advisor’s fiduciary duty, Quantum Leap must act in the best
interest of the Funds. Regarding side-by-side management, Quantum Leap and its affiliates receives different types
of fees, such as asset-based and performance-based allocations. Managing Clients that are charged different types
of fees creates conflicts of interest between the Advisor and its Clients, in addition to the ones listed above. For
example, charging performance-based fees could incentivize the Advisor to allocate more favorable investments to
those Clients being charged a performance-based fee. Quantum Leap has adopted and implemented policies and
procedures intended to address conflicts of interest relating to the management of multiple types of Clients, including
Clients with multiple fee arrangements, and the allocation of investment opportunities.
Item 7 – Types of Clients
Quantum Leap Capital provides investment advisory services to individuals, high net worth individuals, trusts, and
estates. The amount of each type of Client is available on the Advisor's Form ADV Part 1A. These amounts may
change over time and are updated at least annually by the Advisor.
Quantum Leap Capital generally requires a minimum relationship size of $1,000,000 for Wealth Management
services. Clients who do not meet the minimum relationship size may engage in standalone Investment
Management and Financial Planning services.
Item 8 – Methods of Analysis, Investment Strategies and Risk of Loss
A. Methods of Analysis
Quantum Leap Capital primarily performs analysis of the Clients financial situation through the review of Client
assets and other information requested by the Advisor. The development of the plan also includes research and
analysis derived from numerous sources, including financial media companies, third-party research materials,
Internet sources, and review of company activities, including annual reports, prospectuses, press releases and
research prepared by others.
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Quantum Leap Capital, LLC
3 Baldwin Ave, South Burlington, VT 05403
Phone: (802) 448-2882 * Fax: (802) 419-8888
www.quantumleapcapital.com
As noted above, Quantum Leap Capital generally performs an analysis of Client situation and develops a plan
consistent with their financial goals. Quantum Leap Capital may suggest Clients hold all or a portion of a security
for more than a year, but may hold for shorter periods for the purpose of rebalancing a portfolio or meeting the
cash needs of Clients. At times, Quantum Leap Capital may also suggest Clients buy and sell positions that are
more short-term in nature, depending on the goals of the Client and/or the fundamentals of the security, sector or
asset class.
B. Risk of Loss
Investing in securities involves certain investment risks. Securities may fluctuate in value or lose value. Clients
should be prepared to bear the potential risk of loss. Quantum Leap Capital will assist Clients in determining an
appropriate plan based on their tolerance for risk and other factors noted above. However, there is no guarantee
that a Client will meet their investment goals. Please see Item 8.B. for risks associated with the Advisor’s
investment strategies as well as general risks of investing.
Each Client engagement will entail a detailed analysis of, and recommendations and advice on optimization of,
cash flow, debt structure, insurance coverage, investment holdings, tax planning, retirement income planning,
estate planning, and where appropriate, business planning. Client participation in this process, including full and
accurate disclosure of requested information, is essential for the analysis of a Client's account[s]. The Advisor
shall rely on the financial and other information provided by the Client or their designees without the duty or
obligation to validate the accuracy and completeness of the provided information. It is the responsibility of the
Client to inform the Advisor of any changes in financial condition, goals or other factors that may affect this
analysis.
The risks associated with a particular plan are provided to each Client in advance of investing Client accounts.
The Advisor will work with each Client to determine their tolerance for risk as part of the plan construction
process. The following are some of the investment risks to consider:
Market Risks
The value of a Client’s holdings may fluctuate in response to events specific to companies or markets, as well as
economic, political, or social events in the U.S. and abroad. This risk is linked to the performance of the overall
financial markets.
ETF Risks
The performance of ETFs is subject to market risk, including the possible loss of principal. The price of the ETFs
will fluctuate with the price of the underlying securities that make up the funds. In addition, ETFs have a trading
risk based on the loss of cost efficiency if the ETFs are traded actively and a liquidity risk if the ETFs has a large
bid-ask spread and low trading volume. The price of an ETF fluctuates based upon the market movements and
may dissociate from the index being tracked by the ETF or the price of the underlying investments. An ETF
purchased or sold at one point in the day may have a different price than the same ETF purchased or sold a short
time later.
Bond Risks
Bonds are subject to specific risks, including the following: (1) interest rate risks, i.e. the risk that bond prices will
fall if interest rates rise, and vice versa, the risk depends on two things, the bond's time to maturity, and the coupon
rate of the bond. (2) reinvestment risk, i.e. the risk that any profit gained must be reinvested at a lower rate than
was previously being earned, (3) inflation risk, i.e. the risk that the cost of living and inflation increase at a rate that
exceeds the income investment thereby decreasing the investor’s rate of return, (4) credit default risk, i.e. the risk
associated with purchasing a debt instrument which includes the possibility of the company defaulting on its
repayment obligation, (5) rating downgrades, i.e. the risk associated with a rating agency’s downgrade of the
company’s rating which impacts the investor’s confidence in the company’s ability to repay its debt and (6) Liquidity
Risks, i.e. the risk that a bond may not be sold as quickly as there is no readily available market for the bond.
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Quantum Leap Capital, LLC
3 Baldwin Ave, South Burlington, VT 05403
Phone: (802) 448-2882 * Fax: (802) 419-8888
www.quantumleapcapital.com
Mutual Fund Risks
The performance of mutual funds is subject to market risk, including the possible loss of principal. The price of the
mutual funds will fluctuate with the value of the underlying securities that make up the funds. The price of a
mutual fund is typically set daily therefore a mutual fund purchased at one point in the day will typically have the
same price as a mutual fund purchased later that same day.
Past performance is not a guarantee of future returns. Investing in securities and other investments
involve a risk of loss that each Client should understand and be willing to bear. Clients are reminded to
discuss these risks with the Advisor.
Item 9 – Disciplinary Information
There are no legal, regulatory or disciplinary events involving Quantum Leap Capital or any of its
management persons. Quantum Leap Capital values the trust you place in the Advisor. The Advisor encourages
you to perform the requisite due diligence on any advisor or service provider with whom you engage. The
backgrounds of the Advisor and its management persons are available on the Investment Adviser Public
Disclosure website at www.adviserinfo.sec.gov by searching with the Advisor’s firm name or CRD# 165310.
Item 10 – Other Financial Industry Activities and Affiliations
Quantum Leap 1.1.1 Fund GP, LLC
Quantum Leap 1.1.1 Fund GP, LLC (“QL Fund GP”), an affiliated entity under common control and ownership with
the Advisor, serves as the General Partner of the Fund. Quantum Leap and its Advisory Persons may recommend
the Fund to Clients of the Advisor. This practice presents a conflict of interest in recommending interests of the
Fund as management persons will stand to benefit from the additional compensation received from the Fund. This
risk is mitigated where the Advisor will conduct appropriate due diligence to ensure the recommendation to a Client
to invest aligns with the Client’s investment needs and objectives. In addition, the Advisor will provide additional
disclosure information to each Client, which will include relevant details regarding material financial interests and
compensation as it relates to a Fund. Clients are not obligated to implement any recommendations made by
Advisory Persons or the Advisor, and any investment in the Fund will be made only via a separate subscription by
each Client.
Insurance Agency Affiliations
The Advisor also serves as a licensed insurance agency, and as such, may offer insurance products on a
commission basis. The Advisor shall generally introduce the Client to an unaffiliated insurance agency to manage
the insurance process. The Advisor shall receive a portion of the insurance commission earned by the unaffiliated
insurance agency. No client shall be under any obligation to purchase any insurance products from the Advisor or
such introduced insurance agency. The recommendation by an Advisory Person that a Client purchase an
insurance product presents a conflict of interest, as the receipt of commissions may provide an incentive to
recommend insurance products based on commissions to be received, rather than based on a particular Client’s
need. Clients are reminded that they remain free to purchase insurance products through other insurance
agencies.
Real Estate
Mr. Walsh is a licensed real estate agent. Mr. Walsh may receive additional compensation for any real estate
recommendation or for the referral to another real estate agent. This practice presents a conflict of interest for the
referral. This conflict is mitigated, given that Mr. Walsh will not receive additional remuneration if the
recommendation is a part of the Client’s financial plan developed by the Advisor. Clients are under no obligation
to purchase any real estate recommended by Mr. Walsh or the Advisor. Mr. Walsh spends less than 10% of his
time during trading hours.
Taxation Representation PLLC and Tax Preparation
Quantum Leap Capital is affiliated, through common control, with Taxation Representation PLLC. Mr. Walsh
serves as an owner of Taxation Representation PLLC, and offers tax preparation and resolution services through
Taxation Representation PLLC. These services provided by Taxation Representation PLLC are separate and
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Quantum Leap Capital, LLC
3 Baldwin Ave, South Burlington, VT 05403
Phone: (802) 448-2882 * Fax: (802) 419-8888
www.quantumleapcapital.com
distinct from the advisory services provided by Quantum Leap Capital. The Advisor may recommend that Clients
engage Taxation Representation PLLC for these services, which creates a conflict of interest, as Mr. Walsh may
receive additional compensation from Clients who engage with Taxation Representation PLLC for its tax
preparation and resolution services. Clients are under no obligation to utilize the services offered by Taxation
Representation PLLC. In certain instances, wealth management fees collected by Quantum Leap Capital will
cover the cost of tax preparation services rendered by the Advisor.
Law Office of Brendan Walsh
Quantum Leap Capital is affiliated, through common control, with the Law Office of Brendan Walsh. Mr. Walsh is
an attorney licensed in the State of California, and serves as the owner of the Law Office of Brendan Walsh. Mr.
Walsh offers legal advice and services through the Law Office of Brendan Walsh. These services provided by the
Law Office of Brendan Walsh are separate and distinct from the advisory services provided by Quantum Leap
Capital. The Advisor may recommend that Clients engage the Law Office of Brendan Walsh for these services,
which creates a conflict of interest, as Mr. Walsh may receive additional compensation from Clients who engage
with the Law Office of Brendan Walsh for its legal services. Clients are under no obligation to utilize the services
offered by the Law Office of Brendan Walsh.
In the provision of tax and financial planning advice and services through Quantum Leap Capital, Mr. Walsh does
not act as your attorney, and the advice and service he provides to clients of Quantum Leap Capital does not
constitute legal advice. Accordingly, it is important to note that the privileges of an attorney client relationship do
not exist in his provision of these other services, including the protection of client confidences, prohibitions against
representation of persons with conflicting interests, and obligations of a lawyer to maintain professional
independence. These protections do not apply to the provision of any law-related services.
Item 11 – Code of Ethics, Participation or Interest in Client Transactions and Personal Trading
A. Code of Ethics
Quantum Leap Capital has implemented a Code of Ethics (the “Code) that defines the Advisor’s fiduciary
commitment to each Client. This Code applies to all Supervised Persons associated with Quantum Leap Capital
(“Supervised Persons”). The Code was developed to provide general ethical guidelines and specific instructions
regarding the Advisor’s duty to the Client. Quantum Leap Capital owes a duty of loyalty, fairness and good faith
towards each Client. It is the obligation of Quantum Leap Capital to adhere not only to the specific provisions of
the Code, but also to the general principles that guide the Code. The Code covers a range of topics that address
ethics and conflicts of interest of those subject to Quantum Leap Capital’s compliance program (“Supervised
Persons”). To request a copy of Code of Ethics, please contact the Advisor at (802) 448-2882.
B. Personal Trading with Material Interest
Quantum Leap Capital allows Supervised Persons to purchase or sale of the same securities the same securities
that may be recommended to and purchased on behalf of Clients. Quantum Leap Capital does not act as principal
in any transactions. As noted above, an affiliate of the Advisor serves as the General Partner to a Private Fund
and therefore has a material financial interest in these securities.
C. Personal Trading in Same Securities as Clients
Quantum Leap Capital allows Supervised Persons to purchase or sale of the same securities the same securities
that may be recommended to and purchased on behalf of Clients. Owning the same securities that is
recommended (purchase or sell) to you presents a conflict of interest that, as fiduciaries, must be disclosed and
mitigated through policies and procedures. As noted above, the Advisor has adopted a Code of Ethics, which
addresses insider trading (material non-public information controls) and personal securities reporting procedures.
When trading for personal accounts, Supervised Persons of Quantum Leap Capital have a conflict of interest if
trading in the same securities. The fiduciary duty to act in the best interest of its Clients can be violated if personal
trades are made with more advantageous terms than Client trades, or by trading based on material non-public
information. This risk is mitigated by Quantum Leap Capital requiring reporting of personal securities trades by its
Supervised Persons for review by the Chief Compliance Officer (“CCO”). The Advisor has also adopted written
policies and procedures to detect the misuse of material, non-public information.
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Quantum Leap Capital, LLC
3 Baldwin Ave, South Burlington, VT 05403
Phone: (802) 448-2882 * Fax: (802) 419-8888
www.quantumleapcapital.com
In addition, the Code governs Gifts and Entertainment given by and provided to the Advisor, outside employment
activities of Supervised Persons, Supervised Person reporting, sanctions for violations of the Code, and records
retention requirements for various aspects of the Code.
D. Personal Trading at Same Time as Client
While Quantum Leap Capital allows Supervised Persons to purchase or sell of the same securities the same
securities that may be recommended to and purchased on behalf of Clients, such trades are typically aggregated
with Client orders or traded afterwards. At no time will Quantum Leap Capital nor its Supervised Persons
transact in any security to the detriment of any Client.
Item 12 – Brokerage Practices
A. Recommendation of Custodian[s]
Quantum Leap Capital does not have discretionary authority to select the broker-dealer/custodian for custody and
execution services. The Client will engage the broker-dealer/custodian (herein the "Custodian") to safeguard
Client assets and authorize Quantum Leap Capital to direct trades to the Custodian as agreed upon in the
investment advisory agreement. Further, Quantum Leap Capital does not have the discretionary authority to
negotiate commissions on behalf of Clients on a trade-by-trade basis.
Where Quantum Leap Capital does not exercise discretion over the selection of the Custodian, it may recommend
the Custodian to Clients for custody and execution services. Clients are not obligated to use the recommended
Custodian and will not incur any extra fee or cost from the Advisor associated with using a custodian not
recommended by Quantum Leap Capital. However, the Advisor may be limited in the services it can provide if the
recommended Custodian is not engaged. Quantum Leap Capital may recommend the Custodian based on
criteria such as, but not limited to, reasonableness of commissions charged to the Client, services made available
to the Client, and its reputation and/or the location of the Custodian’s offices.
Quantum Leap Capital will recommend that Clients establish their account[s] at Charles Schwab & Co., Inc.
(“Schwab”), FINRA-registered broker-dealer and member SIPC. Schwab will serve as the Client’s “qualified
custodian”. Quantum Leap Capital maintains an institutional relationship with Schwab, whereby the Advisor
receives economic benefits (Please see Item 14 below.)
Private Fund Advisor Services
The Advisor has the sole discretion over the purchase and sale of investments (including the size of such
transactions) and the broker-dealer/custodian, to be used to effect transactions. In placing each transaction for
the Fund involving a broker-dealer/custodian, the Advisor will seek “best execution” of the transaction except to
the extent it may be permitted to pay higher brokerage commissions in exchange for brokerage and research
services. When seeking best execution, the main factor is not the lowest cost, but whether the transaction
represents the overall best qualitative execution, taking into consideration the full range of a broker-
dealer/custodian’s services, including among other things, execution capability, commission rates,
responsiveness and reputation of the broker-dealer/custodian.
Following are additional details regarding the brokerage practices of the Advisor:
1. Soft Dollars - Soft dollars are revenue programs offered by broker-dealers/custodians whereby an advisor
enters into an agreement to place security trades with the broker-dealer/custodian in exchange for research and
other services. Quantum Leap Capital does not participate in soft dollar programs sponsored or offered by
any broker-dealer/custodian. However, the Advisor receives certain economic benefits from the
Custodian. Please see Item 14 below.
2. Brokerage Referrals - Quantum Leap Capital does not receive any compensation from any third party in
connection with the recommendation for establishing an account.
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Quantum Leap Capital, LLC
3 Baldwin Ave, South Burlington, VT 05403
Phone: (802) 448-2882 * Fax: (802) 419-8888
www.quantumleapcapital.com
3. Directed Brokerage - Clients who elect to have Quantum Leap Capital effect trades, are serviced on a
“directed brokerage basis”, where Quantum Leap Capital will place trades within the established account[s] at the
Custodian designated by the Client. Further, all Client accounts are traded within their respective account[s] at the
Custodian. The Advisor will not engage in any principal transactions (i.e., trade of any security from or to the
Advisor’s own account) or cross transactions with other Client accounts (i.e., purchase of a security into one
Client account from another Client’s account[s]). Quantum Leap Capital will not be obligated to select competitive
bids on securities transactions and does not have an obligation to seek the lowest available transaction costs.
These costs are determined by the Custodian.
B. Aggregating and Allocating Trades
The Advisor does not block or aggregate trades, as trades are executed upon request of the Client.
Item 13 – Review of Accounts
A. Frequency of Reviews
Securities in Client accounts are monitored on a regular and continuous basis by William B. Walsh, Chief
Compliance Officer of Quantum Leap Capital. Formal reviews are generally conducted at least annually or more
frequently depending on the needs of the Client.
Financial planning Clients may request a review/update of their financial plan under separate agreement and
arrangement with Quantum Leap. Clients may be charged an additional fee for updates to a financial plan. The
Client is encouraged to notify Quantum Leap if changes occur in the Client’s personal financial situation that might
adversely affect the Client’s investment plan. Additional reviews may be triggered by material market, economic
or political events.
B. Causes for Reviews
In addition to the investment monitoring noted in Item 13.A., each Client account shall be reviewed at least
annually. Reviews may be conducted more frequently at the Client’s request. Accounts may be reviewed as a
result of major changes in economic conditions, known changes in the Client’s financial situation, and/or large
deposits or withdrawals in the Client’s account[s]. The Client is encouraged to notify Quantum Leap Capital if
changes occur in the Client’s personal financial situation that might adversely affect the Client’s investment plan.
Additional reviews may be triggered by material market, economic or political events.
C. Review Reports
The Client will receive brokerage statements no less than quarterly from the Custodian. These brokerage
statements are sent directly from the Custodian to the Client. The Client may also establish electronic access to
the Custodian’s website so that the Client may view these reports and their account activity. Client brokerage
statements will include all positions, transactions and fees relating to the Client’s account[s]. The Advisor may
also provide Clients with periodic reports regarding their holdings, allocations, and performance.
Item 14 – Client Referrals and Other Compensation
A. Compensation Received by Quantum Leap Capital
Quantum Leap Capital is a fee-based advisory firm, that is compensated solely by its Clients and not from any
investment product. Quantum Leap Capital does not receive commissions or other compensation from product
sponsors, broker-dealers or any un-related third party. Quantum Leap Capital may refer Clients to various
unaffiliated, non-advisory professionals (e.g. attorneys, accountants, estate planners) to provide certain financial
services necessary to meet the goals of its Clients. Likewise, Quantum Leap Capital may receive non-compensated
referrals of new Clients from various third-parties.
Participation in Institutional Advisor Platform
Quantum Leap Capital has established an institutional relationship with Schwab through its “Schwab Advisor
Services” unit, a division of Schwab dedicated to serving independent advisory firms like Quantum Leap Capital.
As a registered investment advisor participating on the Schwab Advisor Services platform, Quantum Leap Capital
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Quantum Leap Capital, LLC
3 Baldwin Ave, South Burlington, VT 05403
Phone: (802) 448-2882 * Fax: (802) 419-8888
www.quantumleapcapital.com
receives access to software and related support without cost because the Advisor renders investment
management services to Clients that maintain assets at Schwab. Services provided by Schwab Advisor Services
benefit the Advisor and many, but not all services provided by Schwab will benefit Clients. In fulfilling its duties to
its Clients, the Advisor endeavors at all times to put the interests of its Clients first. Clients should be aware,
however, that the receipt of economic benefits from a custodian creates a potential conflict of interest since these
benefits may influence the Advisor's recommendation of this custodian over one that does not furnish similar
software, systems support, or services.
Services that Benefit the Client – Schwab’s institutional brokerage services include access to a broad range of
investment products, execution of securities transactions, and custody of Client’s funds and securities. Through
Schwab, the Advisor may be able to access certain investments and asset classes that the Client would not be
able to obtain directly or through other sources. Further, the Advisor may be able to invest in certain mutual funds
and other investments without having to adhere to investment minimums that might be required if the Client were
to directly access the investments.
Services that May Indirectly Benefit the Client – Schwab provides participating advisors with access to
technology, research, discounts and other services. In addition, the Advisor receives duplicate statements for
Client accounts, the ability to deduct advisory fees, trading tools, and back office support services as part of its
relationship with Schwab. These services are intended to assist the Advisor in effectively managing accounts for
its Clients, but may not directly benefit all Clients.
Services that May Only Benefit the Advisor – Schwab also offers other services to Quantum Leap Capital that
may not benefit the Client, including: educational conferences and events, financial start-up support, consulting
services and discounts for various service providers. Access to these services creates a financial incentive for the
Advisor to recommend Schwab, which results in a potential conflict of interest. Quantum Leap Capital believes,
however, that the selection of Schwab as Custodian is in the best interests of its Clients.
B. Compensation for Client Referrals
Quantum Leap Capital does not compensate, either directly or indirectly, any persons who are not supervised
persons, for Client referrals.
Item 15 – Custody
The Advisor is authorized to deduct its fees from the Client’s account[s] at the Custodian. The Client must place
all assets with a “qualified custodian”. The Client is required to engage the Custodian to retain all funds and
securities and direct the Advisor to utilize that Custodian for security transactions in the account[s]. The Client
should review statements provided by the Custodian, as the Custodian does not perform this review. For more
information about custodians and brokerage practices, see Item 12 – Brokerage Practices.
Related Person Custody
The Advisor is affiliated, through common ownership, with the general partner of the Fund which may be offered to
Clients of Quantum Leap Capital. As such, in connection with advisory service provided to Clients, related persons
are deemed to have custody of certain Client assets. An independent public accountant conducts an annual audit
of the Fund and the audited financial statements are distributed to the investors in the Fund within 120 days of fiscal
year end.
Item 16 – Investment Discretion
Pursuant to the executed advisory agreement, Quantum Leap Capital may have discretion over the selection and
amount of securities to be bought or sold in Client accounts without obtaining prior consent or approval from the
Client. However, these purchases or sales may be subject to specified investment objectives, guidelines, or
limitations previously set forth by the Client and agreed to by Quantum Leap Capital. Discretionary authority will
only be authorized upon full disclosure to the Client. The granting of such authority will be evidenced by the
Client's execution of an investment advisory agreement containing all applicable limitations to such authority. All
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Quantum Leap Capital, LLC
3 Baldwin Ave, South Burlington, VT 05403
Phone: (802) 448-2882 * Fax: (802) 419-8888
www.quantumleapcapital.com
discretionary trades made by Quantum Leap Capital will be in accordance with each Client's investment
objectives and goals.
Item 17 – Voting Client Securities
Quantum Leap Capital does not accept proxy-voting responsibility for any Client. Clients will receive proxy
statements directly from the Custodian. The Advisor will assist in answering questions relating to proxies, however,
the Client retains the sole responsibility for proxy decisions and voting.
Item 18 – Financial Information
Neither Quantum Leap Capital, nor its management, have any adverse financial situations that would reasonably
impair the ability of Quantum Leap Capital to meet all obligations to its Clients. Neither Quantum Leap Capital, nor
any of its Advisory Persons, have been subject to a bankruptcy or financial compromise. Quantum Leap Capital is
not required to deliver a balance sheet along with this Disclosure Brochure as the Advisor does not collect fees of
$1,200 or more for services to be performed six months or more in advance.
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Quantum Leap Capital, LLC
3 Baldwin Ave, South Burlington, VT 05403
Phone: (802) 448-2882 * Fax: (802) 419-8888
www.quantumleapcapital.com
Quantum Leap Capital, LLC
Form ADV Part 2A – Appendix 1
(“Wrap Fee Program Brochure”)
Effective: April 29, 2026
This Form ADV2A - Appendix 1 (“Wrap Fee Program Brochure”) provides information about the qualifications and
business practices for Quantum Leap Capital, LLC (“Quantum Leap Capital” or the “Advisor”) services when
offering services pursuant to a wrap program. This Wrap Fee Program Brochure shall always be accompanied by
the Quantum Leap Capital Disclosure Brochure, which provides complete details on the business practices of the
Advisor. If you did not receive the complete Quantum Leap Capital Disclosure Brochure or you have any
questions about the contents of this Wrap Fee Program Brochure or the Quantum Leap Capital Disclosure
Brochure, please contact the Advisor at (802) 448-2882 or by email at brendan@quantumleapcapital.com.
Quantum Leap Capital is a registered investment advisor with the U.S. Securities and Exchange Commission
(“SEC”). The information in this Wrap Fee Program Brochure has not been approved or verified by the SEC or by
any state securities authority. Registration of an investment advisor does not imply any specific level of skill or
training. This Wrap Fee Program Brochure provides information about Quantum Leap Capital to assist you in
determining whether to retain the Advisor.
Additional information about Quantum Leap Capital and its advisory persons are available on the SEC’s website
at www.adviserinfo.sec.gov by searching the Advisor’s firm name or CRD# 165310.
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Quantum Leap Capital, LLC
3 Baldwin Ave, South Burlington, VT 05403
Phone: (802) 448-2882 * Fax: (802) 419-8888
www.quantumleapcapital.com
Item 2 – Material Changes
Form ADV 2A - Appendix 1 provides information about a variety of topics relating to an Advisor’s business
practices and conflicts of interest. In particular, this Wrap Fee Program Brochure discusses the Wrap Fee
Program offered by the Advisor.
Material Changes
There have been no material changes to this Wrap Fee Brochure since the last filing and distribution to Clients.
Future Changes
From time to time, the Advisor may amend this Wrap Fee Program Brochure to reflect changes in business
practices, changes in regulations or routine annual updates as required by the securities regulators. This
complete Wrap Fee Program Brochure (along with the complete Quantum Leap Capital Disclosure Brochure) or a
Summary of Material Changes shall be provided to you annually and if a material change occurs in the business
practices of Quantum Leap Capital.
At any time, you may view this Wrap Fee Program Brochure and the current Disclosure Brochure on-line at the
SEC’s Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching for the Advisor’s
firm name or CRD# 165310. You may also request a copy of this Disclosure Brochure at any time, by contacting
the Advisor at (802) 448-2882 or by email at brendan@quantumleapcapital.com.
Item 3 – Table of Contents
Item 2 – Material Changes ................................................................................................................................... 19
Item 3 – Table of Contents ................................................................................................................................... 19
Item 4 – Services Fees and Compensation ........................................................................................................ 20
Item 5 – Account Requirements and Types of Clients ..................................................................................... 21
Item 6 – Portfolio Manager Selection and Evaluation ....................................................................................... 21
Item 7 – Client Information Provided to Portfolio Managers ............................................................................ 23
Item 8 – Client Contact with Portfolio Managers ............................................................................................... 23
Item 9 – Additional Information ........................................................................................................................... 23
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Quantum Leap Capital, LLC
3 Baldwin Ave, South Burlington, VT 05403
Phone: (802) 448-2882 * Fax: (802) 419-8888
www.quantumleapcapital.com
Item 4 – Services Fees and Compensation
A. Services
Quantum Leap Capital provides customized investment advisory services for its Clients. This Wrap Fee Program
Brochure is provided as a supplement to the Quantum Leap Capital Disclosure Brochure (Form ADV 2A). This
Wrap Fee Program Brochure is provided along with the complete Disclosure Brochure to provide full details of the
business practices and fees when selecting Quantum Leap Capital as your investment advisor.
As part of the investment advisory fees noted in Item 5 of the Disclosure Brochure, Quantum Leap Capital
includes securities transaction fees (herein “Covered Costs”) as part of the overall investment advisory fee.
Securities regulations often refer to this combined fee structure as a “Wrap Fee Program”. The Advisor’s
recommended Custodian does not charge securities transaction fees for exchange-traded fund (“ETF”) and most
equity trades in Client accounts, but typically charges for mutual funds and other types of investments. The
Advisor sponsors the Quantum Leap Capital Wrap Fee Program.
The sole purpose of this Wrap Fee Program Brochure is to provide additional disclosure relating the combination
of Covered Costs into a single “bundled” investment advisory fee. This Wrap Fee Program Brochure references
back to the Quantum Leap Capital Disclosure Brochure in which this Wrap Fee Program Brochure serves as an
Appendix. Please see Item 4 – Advisory Services of the Disclosure Brochure for details on Quantum Leap
Capital’s investment philosophy and related services.
B. Program Costs
Advisory services provided by Quantum Leap Capital are offered in a wrap fee structure whereby Covered Costs
are included in the overall investment advisory fee paid to Quantum Leap Capital. As the level of activity in a
Client’s account[s] may vary from year to year, the annual cost to the Client may be more or less than engaging
for advisory services where the Covered Costs are borne separately by the Client. The cost of the Wrap Fee
Program varies depending on services to be provided to each Client, however, the Client is not charged more if
there is higher trading activity or other Covered Costs. A Wrap Fee structure presents a conflict of interest as the
Advisor is incentivized to limit the number of trades placed in the Client’s account[s] or to utilize securities that do
not have transaction fees. As noted above, the Advisor’s recommended Custodian does not charge securities
transaction fees for ETF and most equity trades in Client accounts, but typically charges for mutual funds and
other types of investments. As such, the Advisor is incentivized to utilize ETFs and other equity securities to limit
the overall cost to the Advisor. The Advisor will only place Client assets into a Wrap Fee Program when it is
believed to be in the Client’s best interest. Please see Item 5 – Fees and Compensation of the Disclosure
Brochure for complete details on fees.
C. Fees
Wealth Management and Investment Management Services
Wealth management and investment management fees are paid quarterly, in advance of each calendar quarter,
pursuant to the terms of the investment advisory agreement. Investment advisory fees are based on the market
value of assets under management at the end of the prior calendar quarter. Investment advisory fees are based on
the following blended tiered schedule:
Assets Under Management ($)
Annual Rate (%)
$0 - $600,000
$600,001 - $2,500,000
$2,500,001 - $23,600,000
Over $23,600,000
0.75%
0.50%
0.25%
0.125%
The investment advisory fee in the first quarter of service is prorated from the inception date of the account[s] to the
end of the first quarter. Fees may be negotiable at the sole discretion of the Advisor. The Client’s fees will take into
consideration the aggregate assets under management with the Advisor. All securities held in accounts managed by
Quantum Leap Capital will be independently valued by the Custodian. The Advisor will conduct periodic reviews of
the Custodian’s valuation to ensure accurate billing.
20
Quantum Leap Capital, LLC
3 Baldwin Ave, South Burlington, VT 05403
Phone: (802) 448-2882 * Fax: (802) 419-8888
www.quantumleapcapital.com
As noted above, the Wrap Fee Program includes Covered Costs incurred in connection with the discretionary
investment management services provided by Quantum Leap Capital, as part of its overall investment advisory
fee.
In addition, all fees paid to Quantum Leap Capital for investment advisory services or part of the Wrap Fee
Program are separate and distinct from the expenses charged by mutual funds and exchange-traded funds to
their shareholders, if applicable. These fees and expenses are described in each fund’s prospectus. These fees
and expenses will generally be used to pay management fees for the funds, other fund expenses, account
administration (e.g., custody, brokerage and account reporting), and a possible distribution fee. Securities
transaction fees for Client-directed trades will be charged back to the Client. In connection with the discretionary
investment management services provided by Quantum Leap Capital, the Client will incur other costs assessed
by the Custodian or other third parties, other than the Covered Costs noted above, such as wire transfer fees,
fees for trades executed away from the Custodian, and other fees. The Advisor does not control nor share in
these fees. The Client should review both the fees charged by the fund[s] and the fees charged by Quantum Leap
Capital to fully understand the total fees to be paid. Please see Item 5.C. – Other Fees and Expenses in the
Disclosure Brochure (included with this Wrap Fee Program Brochure).
D. Compensation
Quantum Leap Capital is the sponsor and portfolio manager of this Wrap Fee Program. Quantum Leap Capital
receives investment advisory fees paid by Clients for participating in the Wrap Fee Program and pays the
Covered Costs associated with the management of the Client’s account[s].
Item 5 – Account Requirements and Types of Clients
Quantum Leap Capital offers investment advisory services to individuals, high net worth individuals, trusts, and
estates. Quantum Leap Capital generally requires a minimum relationship size of $1,000,000 for Wealth
Management services. Clients who do not meet the minimum relationship size may engage in standalone
Investment Management and Financial Planning services. Please see Item 7 – Types of Clients in the Disclosure
Brochure for additional information.
Item 6 – Portfolio Manager Selection and Evaluation
Portfolio Manager Selection
Quantum Leap Capital serves as sponsor and as portfolio manager for the services under this Wrap Fee
Program.
Related Persons
Quantum Leap Capital personnel serve as portfolio managers for this Wrap Fee Program. Quantum Leap Capital
does not serve as a portfolio manager for any third-party Wrap Fee Programs.
Performance-Based Fees
Quantum Leap Capital does not charge performance-based fees for its investment advisory services. The fees
charged by Quantum Leap Capital are as described in Item 5 above and are not based upon the capital
appreciation of the funds or securities held by any Client.
Additionally, the Advisor manages a proprietary Fund. Such a recommendation to invest in a Fund would be
preceded by an assessment by the Advisor as to the suitability and appropriateness of such an investment,
relative to other similar investments. Quantum Leap Capital does not charge an additional management fee for
investments in the Funds. Additionally, Quantum Leap Capital has adopted a number of compliance policies and
procedures, including a Code of Ethics and a Compliance Manual which includes trade allocation policies that
seek to ensure that investment opportunities are allocated fairly amongst clients.
21
Quantum Leap Capital, LLC
3 Baldwin Ave, South Burlington, VT 05403
Phone: (802) 448-2882 * Fax: (802) 419-8888
www.quantumleapcapital.com
Supervised Persons
Quantum Leap Capital Advisory Persons serve as portfolio managers for all accounts, including the services
described in this Wrap Fee Program Brochure. Details of the advisory services provided are included in Item 4.A.
of the Disclosure Brochure.
Methods of Analysis
Please see Item 8 of the Disclosure Brochure (included with this Wrap Fee Program Brochure) for details on the
research and analysis methods employed by the Advisor.
Risk of Loss
Investing in securities involves certain investment risks. Securities may fluctuate in value or lose value. Clients
should be prepared to bear the potential risk of loss. Quantum Leap Capital will assist Clients in determining an
appropriate plan based on their tolerance for risk and other factors noted above. However, there is no guarantee
that a Client will meet their investment goals. Please see Item 8.B. for risks associated with the Advisor’s
investment strategies as well as general risks of investing.
Each Client engagement will entail a detailed analysis of, and recommendations and advice on optimization of,
cash flow, debt structure, insurance coverage, investment holdings, tax planning, retirement income planning,
estate planning, and where appropriate, business planning. Client participation in this process, including full and
accurate disclosure of requested information, is essential for the analysis of a Client's account[s]. The Advisor
shall rely on the financial and other information provided by the Client or their designees without the duty or
obligation to validate the accuracy and completeness of the provided information. It is the responsibility of the
Client to inform the Advisor of any changes in financial condition, goals or other factors that may affect this
analysis.
The risks associated with a particular plan are provided to each Client in advance of investing Client accounts.
The Advisor will work with each Client to determine their tolerance for risk as part of the plan construction
process. The following are some of the investment risks to consider:
Market Risks
The value of a Client’s holdings may fluctuate in response to events specific to companies or markets, as well as
economic, political, or social events in the U.S. and abroad. This risk is linked to the performance of the overall
financial markets.
ETF Risks
The performance of ETFs is subject to market risk, including the possible loss of principal. The price of the ETFs
will fluctuate with the price of the underlying securities that make up the funds. In addition, ETFs have a trading
risk based on the loss of cost efficiency if the ETFs are traded actively and a liquidity risk if the ETFs has a large
bid-ask spread and low trading volume. The price of an ETF fluctuates based upon the market movements and
may dissociate from the index being tracked by the ETF or the price of the underlying investments. An ETF
purchased or sold at one point in the day may have a different price than the same ETF purchased or sold a short
time later.
Bond Risks
Bonds are subject to specific risks, including the following: (1) interest rate risks, i.e. the risk that bond prices will
fall if interest rates rise, and vice versa, the risk depends on two things, the bond's time to maturity, and the coupon
rate of the bond. (2) reinvestment risk, i.e. the risk that any profit gained must be reinvested at a lower rate than
was previously being earned, (3) inflation risk, i.e. the risk that the cost of living and inflation increase at a rate that
exceeds the income investment thereby decreasing the investor’s rate of return, (4) credit default risk, i.e. the risk
associated with purchasing a debt instrument which includes the possibility of the company defaulting on its
repayment obligation, (5) rating downgrades, i.e. the risk associated with a rating agency’s downgrade of the
company’s rating which impacts the investor’s confidence in the company’s ability to repay its debt and (6) Liquidity
Risks, i.e. the risk that a bond may not be sold as quickly as there is no readily available market for the bond.
22
Quantum Leap Capital, LLC
3 Baldwin Ave, South Burlington, VT 05403
Phone: (802) 448-2882 * Fax: (802) 419-8888
www.quantumleapcapital.com
Mutual Fund Risks
The performance of mutual funds is subject to market risk, including the possible loss of principal. The price of the
mutual funds will fluctuate with the value of the underlying securities that make up the funds. The price of a
mutual fund is typically set daily therefore a mutual fund purchased at one point in the day will typically have the
same price as a mutual fund purchased later that same day.
Past performance is not a guarantee of future returns. Investing in securities and other investments
involve a risk of loss that each Client should understand and be willing to bear. Clients are reminded to
discuss these risks with the Advisor. Please see Item 8.B. – Risk of Loss in the Disclosure Brochure for
details on investment risks.
Proxy Voting
Quantum Leap Capital does not accept proxy-voting responsibility for any Client. Clients will receive proxy
statements directly from the Custodian. The Advisor will assist in answering questions relating to proxies, however,
the Client retains the sole responsibility for proxy decisions and voting.
Item 7 – Client Information Provided to Portfolio Managers
Quantum Leap Capital is the sponsor and sole portfolio manager for the Program. The Advisor does not share
Client information with other portfolio managers because it is the sole portfolio manager for this Wrap Fee
Program. Please also see the Quantum Leap Capital Privacy Policy (included after this Wrap Fee Program
Brochure).
Item 8 – Client Contact with Portfolio Managers
Quantum Leap Capital is a full-service investment management advisory firm. Clients always have direct access
to the Portfolio Managers at Quantum Leap Capital.
Item 9 – Additional Information
A. Disciplinary Information and Other Financial Industry Activities and Affiliations
There are no legal, regulatory or disciplinary events involving Quantum Leap Capital or any of its management
persons. Quantum Leap Capital values the trust you place in the Advisor. The Advisor encourages you to perform
the requisite due diligence on any advisor or service provider with whom you engage. The backgrounds of the
Advisor and its management persons are available on the Investment Adviser Public Disclosure website at
www.adviserinfo.sec.gov by searching with the Advisor’s firm name or CRD# 165310.
Please see Item 9 of the Quantum Leap Capital Disclosure Brochure as well as Item 3 of each Advisory Person’s
Brochure Supplement (included with this Wrap Fee Program Brochure) for additional information on how to
research the background of the Advisor and its Advisory Persons.
Other Financial Activities and Affiliations
Please see Item 10 – Other Financial Activities and Affiliation and Item 14 – Client Referrals and Other
Compensation of the Form ADV Part 2A – Disclosure Brochure (included with this Wrap Fee Program Brochure).
B. Code of Ethics, Review of Accounts, Client Referrals, and Financial Information
Quantum Leap Capital has implemented a Code of Ethics that defines the Advisor’s fiduciary commitment to each
Client. This Code of Ethics applies to all persons subject to Quantum Leap Capital’s compliance program (our
“Supervised Persons”). Complete details on the Quantum Leap Capital Code of Ethics can be found under Item
11 – Code of Ethics, Participation in Client Transactions and Personal Trading in the Disclosure Brochure
(included with this Wrap Fee Program Brochure).
Investments in
Review of Accounts
Client accounts are monitored on a regular and continuous basis by Advisory Persons of Quantum Leap Capital
under the supervision of the Chief Compliance Officer (“CCO”). Details of the review policies and practices are
provided in Item 13 of the Form ADV Part 2A – Disclosure Brochure.
23
Quantum Leap Capital, LLC
3 Baldwin Ave, South Burlington, VT 05403
Phone: (802) 448-2882 * Fax: (802) 419-8888
www.quantumleapcapital.com
Other Compensation
Participation in Institutional Advisor Platform
Quantum Leap Capital has established an institutional relationship with Schwab through its “Schwab Advisor
Services” unit, a division of Schwab dedicated to serving independent advisory firms like Quantum Leap Capital.
As a registered investment advisor participating on the Schwab Advisor Services platform, Quantum Leap Capital
receives access to software and related support without cost because the Advisor renders investment
management services to Clients that maintain assets at Schwab. Services provided by Schwab Advisor Services
benefit the Advisor and many, but not all services provided by Schwab will benefit Clients. In fulfilling its duties to
its Clients, the Advisor endeavors at all times to put the interests of its Clients first. Clients should be aware,
however, that the receipt of economic benefits from a custodian creates a potential conflict of interest since these
benefits may influence the Advisor's recommendation of this custodian over one that does not furnish similar
software, systems support, or services.
Services that Benefit the Client – Schwab’s institutional brokerage services include access to a broad range of
investment products, execution of securities transactions, and custody of Client’s funds and securities. Through
Schwab, the Advisor may be able to access certain investments and asset classes that the Client would not be
able to obtain directly or through other sources. Further, the Advisor may be able to invest in certain mutual funds
and other investments without having to adhere to investment minimums that might be required if the Client were
to directly access the investments.
Services that May Indirectly Benefit the Client – Schwab provides participating advisors with access to
technology, research, discounts and other services. In addition, the Advisor receives duplicate statements for
Client accounts, the ability to deduct advisory fees, trading tools, and back office support services as part of its
relationship with Schwab. These services are intended to assist the Advisor in effectively managing accounts for
its Clients, but may not directly benefit all Clients.
Services that May Only Benefit the Advisor – Schwab also offers other services to Quantum Leap Capital that
may not benefit the Client, including: educational conferences and events, financial start-up support, consulting
services and discounts for various service providers. Access to these services creates a financial incentive for the
Advisor to recommend Schwab, which results in a potential conflict of interest. Quantum Leap Capital believes,
however, that the selection of Schwab as Custodian is in the best interests of its Clients.
Please se
Item 14 – Other Compensation in the Form ADV Part 2A – Disclosure Brochure (included with this Wrap Fee
Program Brochure) for details on additional compensation that may be received by Quantum Leap Capital or its
Advisory Persons. Each Advisory Person’s Brochure Supplement (also included with this Wrap Fee Program
Brochure) provides details on any outside business activities and the associated compensation.
Client Referrals from Solicitors
Quantum Leap Capital does not compensate, either directly or indirectly, any persons who are not supervised
persons, for Client referrals.
Financial Information
Neither Quantum Leap Capital, nor its management, have any adverse financial situations that would reasonably
impair the ability of Quantum Leap Capital to meet all obligations to its Clients. Neither Quantum Leap Capital, nor
any of its Advisory Persons, have been subject to a bankruptcy or financial compromise. Quantum Leap Capital is
not required to deliver a balance sheet along with this Disclosure Brochure as the Advisor does not collect fees of
$1,200 or more for services to be performed six months or more in advance.
24
Quantum Leap Capital, LLC
3 Baldwin Ave, South Burlington, VT 05403
Phone: (802) 448-2882 * Fax: (802) 419-8888
www.quantumleapcapital.com
Form ADV Part 2B – Brochure Supplement
for
William B. Walsh, CFP®, EA®
Managing Member and Chief Compliance Officer
Effective: April 29, 2026
This Form ADV 2B (“Brochure Supplement”) provides information about the background and qualifications of
William B. Walsh (CRD# 3049060) in addition to the information contained in the Quantum Leap Capital, LLC
(“Quantum Leap Capital” or the “Advisor”) (CRD # 165310) Disclosure Brochure. If you have not received a copy
of the Disclosure Brochure or if you have any questions about the contents of the Quantum Leap Capital
Disclosure Brochure or this Brochure Supplement, please contact the Advisor at (802) 448-2882.
Additional information about Mr. Walsh is available on the SEC’s Investment Adviser Public Disclosure website at
www.adviserinfo.sec.gov by searching with his full name or his Individual CRD# 3049060.
25
Quantum Leap Capital, LLC
3 Baldwin Ave, South Burlington, VT 05403
Phone: (802) 448-2882 * Fax: (802) 419-8888
www.quantumleapcapital.com
Item 2 – Educational Background and Business Experience
William B. Walsh, CFP®, EA® born in 1969, is dedicated to advising Clients of Quantum Leap Capital in his role as
the Managing Member and Chief Compliance Officer. Mr. Walsh earned a Bachelor of Arts from SUNY New Paltz
in 1992 Additional information regarding Mr. Walsh’s employment history is included below.
Employment History:
Managing Member and Chief Compliance Officer, Quantum Leap Capital, LLC
Financial Advisor, Ameriprise Financial
01/2013 to Present
07/1999 to 01/2013
Certified Financial Planner (“CFP®”)
The CERTIFIED FINANCIAL PLANNER™, CFP® and federally registered CFP® (with flame design) marks
(collectively, the “CFP® marks”) are professional certification marks granted in the United States by Certified
Financial Planner Board of Standards, Inc. (“CFP® Board”).
The CFP® certification is a voluntary certification; no federal or state law or regulation requires financial planners
to hold CFP® certification. It is recognized in the United States and a number of other countries for its (1) high
standard of professional education; (2) stringent code of conduct and standards of practice; and (3) ethical
requirements that govern professional engagements with Clients. Currently, more than 71,000 individuals have
obtained CFP® certification in the United States.
To attain the right to use the CFP® marks, an individual must satisfactorily fulfill the following requirements:
• Education – Complete an advanced college-level course of study addressing the financial planning
subject areas that CFP® Board’s studies have determined as necessary for the competent and
professional delivery of financial planning services, and attain a Bachelor’s Degree from a regionally
accredited United States college or university (or its equivalent from a foreign university). CFP® Board’s
financial planning subject areas include insurance planning and risk management, employee benefits
planning, investment planning, income tax planning, retirement planning, and estate planning;
• Examination – Pass the comprehensive CFP® Certification Examination. The examination, administered
in 10 hours over a two-day period, includes case studies and Client scenarios designed to test one’s
ability to correctly diagnose financial planning issues and apply one’s knowledge of financial planning to
real world circumstances;
• Experience – Complete at least three years of full-time financial planning-related experience (or the
equivalent, measured as 2,000 hours per year); and
• Ethics – Agree to be bound by CFP® Board’s Standards of Professional Conduct, a set of documents
outlining the ethical and practice standards for CFP® professionals.
Individuals who become certified must complete the following ongoing education and ethics requirements in order
to maintain the right to continue to use the CFP® marks:
• Continuing Education – Complete 30 hours of continuing education hours every two years, including two
hours on the Code of Ethics and other parts of the Standards of Professional Conduct, to maintain
competence and keep up with developments in the financial planning field; and
• Ethics – Renew an agreement to be bound by the Standards of Professional
Conduct. The Standards prominently require that CFP® professionals provide financial planning services
at a fiduciary standard of care. This means CFP® professionals must provide financial planning services in
the best interests of their Clients.
CFP® professionals who fail to comply with the above standards and requirements may be subject to CFP®
Board’s enforcement process, which could result in suspension or permanent revocation of their
CFP® certification.
26
Quantum Leap Capital, LLC
3 Baldwin Ave, South Burlington, VT 05403
Phone: (802) 448-2882 * Fax: (802) 419-8888
www.quantumleapcapital.com
Enrolled Agent™ (“EA®”)
An Enrolled Agent™ (EA®) is a federally-authorized tax practitioner who has technical expertise in the field of
taxation and who is empowered by the U.S. Department of the Treasury to represent taxpayers before all
administrative levels—examination, collection, and appeals—of the Internal Revenue Service. In addition to
taxpayer representation, Enrolled Agents™ often provide tax consultation services and prepare a wide range of
federal and state tax returns.
Item 3 – Disciplinary Information
There are no legal, civil or disciplinary events to disclose regarding Mr. Walsh. Mr. Walsh has never been
involved in any regulatory or civil action. There have been no lawsuits, arbitration claims or administrative
proceedings against Mr. Walsh.
Securities laws require an advisor to disclose any instances where the Advisor or its Advisory Persons have been
found liable in a legal, regulatory, civil or arbitration matter that alleges violation of securities and other statutes;
fraud; false statements or omissions; theft, embezzlement or wrongful taking of property; bribery, forgery,
counterfeiting, or extortion; and/or dishonest, unfair or unethical practices. As previously noted, there are no
legal, civil or disciplinary events to disclose regarding Mr. Walsh. The Advisor encourages you to
independently view the background of Mr. Walsh on the Investment Adviser Public Disclosure website at
www.adviserinfo.sec.gov by searching with his full name or his Individual CRD# 3049060.
Item 4 – Other Business Activities
Insurance Agency Affiliations
Mr. Walsh also serves as a licensed insurance professional. Implementations of insurance recommendations are
separate and apart from Mr. Walsh’s role with Quantum Leap Capital. As an insurance professional, Mr. Walsh
will receive customary commissions and other related revenues from the various insurance companies whose
products are sold. Mr. Walsh is not required to offer the products of any particular insurance company.
Commissions generated by insurance sales do not offset financial planning fees. This practice presents a conflict
of interest in recommending certain products of the insurance companies. Clients are under no obligation to
implement any recommendations made by Mr. Walsh or the Advisor.
Real Estate
Mr. Walsh is a licensed real estate agent. Mr. Walsh may receive additional compensation for any real estate
recommendation or for the referral to another real estate agent. This practice presents a conflict of interest for the
referral. This conflict is mitigated, given that Mr. Walsh will not receive additional remuneration if the
recommendation is a part of the Client’s financial plan developed by the Advisor. Clients are under no obligation
to purchase any real estate recommended by Mr. Walsh or the Advisor. Mr. Walsh spends less than 10% of his
time during trading hours.
Taxation Representation PLLC
Mr. Walsh offers tax preparation and resolution services through Taxation Representation PLLC. Taxation
Representation PLLC is solely owned by Mr. Walsh. These activities are separate and distinct business from
Quantum Leap Capital. Mr. Walsh spends less than 10% of his time per month in this capacity.
Law Office of Brendan Walsh
Mr. Walsh offers legal advice and services through the Law Office of Brendan Walsh. Mr. Walsh is an attorney
licensed in the State of California, and serves as the sole owner of the Law Office of Brendan Walsh. These
activities are separate and distinct from Quantum Leap Capital. Mr. Walsh spends less than 10% of his time per
month in this capacity.
In the provision of tax and financial planning advice and services through Quantum Leap Capital, Mr. Walsh does
not act as your attorney, and the advice and service he provides to clients of Quantum Leap Capital does not
constitute legal advice. Accordingly, it is important to note that the privileges of an attorney client relationship do
27
Quantum Leap Capital, LLC
3 Baldwin Ave, South Burlington, VT 05403
Phone: (802) 448-2882 * Fax: (802) 419-8888
www.quantumleapcapital.com
not exist in his provision of these other services, including the protection of client confidences, prohibitions against
representation of persons with conflicting interests, and obligations of a lawyer to maintain professional
independence. These protections do not apply to the provision of any law-related services.
Item 5 – Additional Compensation
Mr. Walsh has additional business activities where compensation is received. These business activities are
detailed Item 4 above.
Item 6 – Supervision
Mr. Walsh serves as the Managing Member and Chief Compliance Officer of Quantum Leap Capital. Mr. Walsh
can be reached at (802) 448-2882.
Quantum Leap Capital has implemented a Code of Ethics, an internal compliance document that guides each
Supervised Person in meeting their fiduciary obligations to Clients of Quantum Leap Capital. Further, Quantum
Leap Capital is subject to regulatory oversight by various agencies. These agencies require registration by
Quantum Leap Capital and its Supervised Persons. As a registered entity, Quantum Leap Capital is subject to
examinations by regulators, which may be announced or unannounced. Quantum Leap Capital is required to
periodically update the information provided to these agencies and to provide various reports regarding the
business activities and assets of the Advisor.
28
Quantum Leap Capital, LLC
3 Baldwin Ave, South Burlington, VT 05403
Phone: (802) 448-2882 * Fax: (802) 419-8888
www.quantumleapcapital.com
Form ADV Part 2B – Brochure Supplement
for
Alison J. Davis
Financial Advisor
Effective: April 29, 2026
This Form ADV 2B (“Brochure Supplement”) provides information about the background and qualifications of
Alison J. Davis (CRD# 6911640) in addition to the information contained in the Quantum Leap Capital, LLC
(“Quantum Leap Capital” or the “Advisor”, CRD# 165310) Disclosure Brochure. If you have not received a copy of
the Disclosure Brochure or if you have any questions about the contents of the Quantum Leap Capital Disclosure
Brochure or this Brochure Supplement, please contact the Advisor at (802) 448-2882 or by email at
brendan@quantumleapcapital.com.
Additional information about Ms. Davis is available on the SEC’s Investment Adviser Public Disclosure website at
www.adviserinfo.sec.gov by searching with her full name or her Individual CRD# 6911640.
29
Quantum Leap Capital, LLC
3 Baldwin Ave, South Burlington, VT 05403
Phone: (802) 448-2882 * Fax: (802) 419-8888
www.quantumleapcapital.com
Item 2 – Educational Background and Business Experience
Alison J. Davis, born in 1981, is a Financial Advisor for Quantum Leap Capital. Ms. Davis earned a Bachelors of
Fine Arts degree from Keene State College in 2004. Additional information regarding Ms. Davis’s employment
history is included below.
Employment History:
Financial Advisor, Quantum Leap Capital, LLC
Branch Manager, Mount Family Group Ltd. dba Westaff Workforce Solutions
01/2018 to Present
11/2005 to 01/2018
Item 3 – Disciplinary Information
There are no legal, civil or disciplinary events to disclose regarding Ms. Davis. Ms. Davis has never been
involved in any regulatory, civil or criminal action. There have been no client complaints, lawsuits, arbitration
claims or administrative proceedings against Ms. Davis.
Securities laws require an advisor to disclose any instances where the advisor or its advisory persons have been
found liable in a legal, regulatory, civil or arbitration matter that alleges violation of securities and other statutes;
fraud; false statements or omissions; theft, embezzlement or wrongful taking of property; bribery, forgery,
counterfeiting, or extortion; and/or dishonest, unfair or unethical practices. As previously noted, there are no
legal, civil or disciplinary events to disclose regarding Ms. Davis.
The Advisor encourages you to independently view the background of Ms. Davis on the Investment Adviser
Public Disclosure website at www.adviserinfo.sec.gov by searching with her full name or her Individual CRD#
6911640.
Item 4 – Other Business Activities
Insurance Agency Affiliations
Ms. Davis is also a licensed insurance professional. Implementations of insurance recommendations are separate
and apart from Ms. Davis’s role with Quantum Leap Capital. As an insurance professional, Ms. Davis will receive
customary commissions and other related revenues from the various insurance companies whose products are
sold. Ms. Davis is not required to offer the products of any particular insurance company. Commissions generated
by insurance sales do not offset regular advisory fees. This practice presents a conflict of interest in
recommending certain products of the insurance companies. Clients are under no obligation to implement any
recommendations made by Ms. Davis or the Advisor.
Item 5 – Additional Compensation
Ms. Davis has additional business activities wherein compensation is received that are detailed in Item 4 above.
Item 6 – Supervision
Ms. Davis serves as a Financial Advisor of Quantum Leap Capital and is supervised by William Walsh, the Chief
Compliance Officer. Mr. Walsh can be reached at (802) 448-2882.
Quantum Leap Capital has implemented a Code of Ethics, an internal compliance document that guides each
Supervised Person in meeting their fiduciary obligations to Clients of Quantum Leap Capital. Further, Quantum
Leap Capital is subject to regulatory oversight by various agencies. These agencies require registration by
Quantum Leap Capital and its Supervised Persons. As a registered entity, Quantum Leap Capital is subject to
examinations by regulators, which may be announced or unannounced. Quantum Leap Capital is required to
periodically update the information provided to these agencies and to provide various reports regarding the
business activities and assets of the Advisor.
30
Quantum Leap Capital, LLC
3 Baldwin Ave, South Burlington, VT 05403
Phone: (802) 448-2882 * Fax: (802) 419-8888
www.quantumleapcapital.com
Form ADV Part 2B – Brochure Supplement
for
Deirdre M. Keenan
Financial Advisor
Effective: April 29, 2026
This Form ADV 2B (“Brochure Supplement”) provides information about the background and qualifications of
Deirdre M. Keenan (CRD# 7646199) in addition to the information contained in the Quantum Leap Capital, LLC
(“Quantum Leap Capital” or the “Advisor”, CRD# 165310) Disclosure Brochure. If you have not received a copy of
the Disclosure Brochure or if you have any questions about the contents of the Quantum Leap Capital Disclosure
Brochure or this Brochure Supplement, please contact us at (802) 448-2882 or by email at
brendan@quantumleapcapital.com.
Additional information about Ms. Keenan is available on the SEC’s Investment Adviser Public Disclosure website
at www.adviserinfo.sec.gov by searching with her full name or her Individual CRD# 7646199.
31
Quantum Leap Capital, LLC
3 Baldwin Ave, South Burlington, VT 05403
Phone: (802) 448-2882 * Fax: (802) 419-8888
www.quantumleapcapital.com
Item 2 – Educational Background and Business Experience
Deirdre M. Keenan, born in 1989, is dedicated to advising Clients of Quantum Leap Capital as a Financial
Advisor. Ms. Keenan earned an Associates of Arts Degree from Rockland Community College in 2010. Additional
information regarding Ms. Keenan’s employment history is included below.
Employment History:
Financial Advisor, Quantum Leap Capital, LLC
Barback, Manhattan Pizza and Sub
Operations Coordinator/ Education Assistant, The Flynn
Gift Processor, St John's University
Medical Scribe, Pediatric Ophthalmic Consultants
09/2022 to Present
03/2022 to 09/2022
09/2019 to 03/2022
11/2013 to 8/2019
6/2012 to 11/2013
Item 3 – Disciplinary Information
There are no legal, civil or disciplinary events to disclose regarding Ms. Keenan. Ms. Keenan has never
been involved in any regulatory, civil or criminal action. There have been no client complaints, lawsuits, arbitration
claims or administrative proceedings against Ms. Keenan.
Securities laws require an advisor to disclose any instances where the advisor or its advisory persons have been
found liable in a legal, regulatory, civil or arbitration matter that alleges violation of securities and other statutes;
fraud; false statements or omissions; theft, embezzlement or wrongful taking of property; bribery, forgery,
counterfeiting, or extortion; and/or dishonest, unfair or unethical practices. As previously noted, there are no
legal, civil or disciplinary events to disclose regarding Ms. Keenan.
However, we do encourage you to independently view the background of Ms. Keenan on the Investment Adviser
Public Disclosure website at www.adviserinfo.sec.gov by searching with her full name or her Individual CRD#
7646199.
Item 4 – Other Business Activities
Ms. Keenan is dedicated to the investment advisory activities of Quantum Leap Capital’s Clients. Ms. Keenan
does not have any other business activities.
Item 5 – Additional Compensation
Ms. Keenan is dedicated to the investment advisory activities of Quantum Leap Capital’s Clients. Ms. Keenan
does not receive any additional forms of compensation.
Item 6 – Supervision
Ms. Keenan serves as a Financial Advisor of Quantum Leap Capital and is supervised by William Walsh, the
Chief Compliance Officer. Mr. Walsh can be reached at (802) 448-2882.
Quantum Leap Capital has implemented a Code of Ethics, an internal compliance document that guides each
Supervised Person in meeting their fiduciary obligations to Clients of Quantum Leap Capital. Further, Quantum
Leap Capital is subject to regulatory oversight by various agencies. These agencies require registration by
Quantum Leap Capital and its Supervised Persons. As a registered entity, Quantum Leap Capital is subject to
examinations by regulators, which may be announced or unannounced. Quantum Leap Capital is required to
periodically update the information provided to these agencies and to provide various reports regarding the
business activities and assets of the Advisor.
32
Quantum Leap Capital, LLC
3 Baldwin Ave, South Burlington, VT 05403
Phone: (802) 448-2882 * Fax: (802) 419-8888
www.quantumleapcapital.com
Privacy Policy
Effective Date: April 29, 2026
Our Commitment to You
Quantum Leap Capital, LLC (“Quantum Leap Capital” or the “Advisor”) is committed to safeguarding the use of
personal information of our Clients (also referred to as “you” and “your”) that we obtain as your Investment
Advisor, as described here in our Privacy Policy (“Policy”).
Our relationship with you is our most important asset. We understand that you have entrusted us with your private
information, and we do everything that we can to maintain that trust. Quantum Leap Capital (also referred to as
"we", "our" and "us”) protects the security and confidentiality of the personal information we have and implements
controls to ensure that such information is used for proper business purposes in connection with the management
or servicing of our relationship with you.
Quantum Leap Capital does not sell your non-public personal information to anyone. Nor do we provide such
information to others except for discrete and reasonable business purposes in connection with the servicing and
management of our relationship with you, as discussed below.
Details of our approach to privacy and how your personal non-public information is collected and used are set
forth in this Policy.
Why you need to know?
Registered Investment Advisors (“RIAs”) must share some of your personal information in the course of servicing
your account. Federal and State laws give you the right to limit some of this sharing and require RIAs to disclose
how we collect, share, and protect your personal information.
What information do we collect from you?
Social security or taxpayer identification number Assets and liabilities
Name, address and phone number[s]
Income and expenses
E-mail address[es]
Investment activity
Account information (including other institutions)
Investment experience and goals
What Information do we collect from other sources?
Custody, brokerage and advisory agreements
Other advisory agreements and legal documents
Transactional information with us or others
Account applications and forms
Investment questionnaires and suitability
documents
Other information needed to service account
How do we protect your information?
To safeguard your personal information from unauthorized access and use we maintain physical, procedural and
electronic security measures. These include such safeguards as secure passwords, encrypted file storage and a
secure office environment. Our technology vendors provide security and access control over personal information
and have policies over the transmission of data. Our associates are trained on their responsibilities to protect
Client’s personal information.
We require third parties that assist in providing our services to you to protect the personal information they receive
from us.
33
Quantum Leap Capital, LLC
3 Baldwin Ave, South Burlington, VT 05403
Phone: (802) 448-2882 * Fax: (802) 419-8888
www.quantumleapcapital.com
How do we share your information?
An RIA shares Client personal information to effectively implement its services. In the section below, we list some
reasons we may share your personal information.
Basis For Sharing
Do we share?
Can you limit?
Yes
No
No
Not Shared
Yes
Yes
No
Not Shared
Servicing our Clients
We may share non-public personal information with non-affiliated third
parties (such as administrators, brokers, custodians, regulators, credit
agencies, other financial institutions) as necessary for us to provide
agreed upon services to you, consistent with applicable law, including but
not limited to: processing transactions; general account maintenance;
responding to regulators or legal investigations; and credit reporting.
Marketing Purposes
Quantum Leap Capital does not disclose, and does not intend to
disclose, personal information with non-affiliated third parties to offer you
services. Certain laws may give us the right to share your personal
information with financial institutions where you are a customer and
where Quantum Leap Capital or the Client has a formal agreement with
the financial institution. We will only share information for purposes of
servicing your accounts, not for marketing purposes.
Authorized Users
Your non-public personal information may be disclosed to you and
persons that we believe to be your authorized agent[s] or
representative[s].
Information About Former Clients
Quantum Leap Capital does not disclose and does not intend to disclose,
non-public personal information to non-affiliated third parties with respect
to persons who are no longer our Clients.
Changes to our Privacy Policy
We will send you a copy of this Policy annually for as long as you maintain an ongoing relationship with us.
Periodically we may revise this Policy, and will provide you with a revised policy if the changes materially alter the
previous Privacy Policy. We will not, however, revise our Privacy Policy to permit the sharing of non-public
personal information other than as described in this notice unless we first notify you and provide you with an
opportunity to prevent the information sharing.
Any Questions?
You may ask questions or voice any concerns, as well as obtain a copy of our current Privacy Policy by
contacting us at (802) 448-2882.
34
Quantum Leap Capital, LLC
3 Baldwin Ave, South Burlington, VT 05403
Phone: (802) 448-2882 * Fax: (802) 419-8888
www.quantumleapcapital.com