The Harbor Group, Inc. (Bedford)

Name: The Harbor Group, Inc.
Address: 331 South River Road, Bedford, NH, 03110
Telephone: 603-668-0634

The Harbor Group, Inc. is a large advisory firm based in Bedford. It manages $993.22 million of regulatory assets for 3,142 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Arizona, California, Connecticut, and 9 other states.

The Harbor Group provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

The Harbor Group: assets under management

The assets under management (AUM) of The Harbor Group, Inc. is $993.22 million. The firm's AUM has grown by 54% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $956.18 million in discretionary accounts and $37.04 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $308.05 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $974.68 thousand.

The Harbor Group has custody of $555.82 million in cash and securities for 553 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 84% of the total AUM. The second-largest asset type is other assets, which make up 7% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Harbor Group, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Marc Andrew Hebert serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Marc Andrew Hebert is high net worth individuals with 309 clients and $810.11 million of assets under management. Among the 7 most similar advisory firms, The Harbor Group has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $958.63 million for 609 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

The Harbor Group doesn't advise any private funds.

Careers at The Harbor Group, Inc.

The company employs 18 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Marc Andrew Hebert has been acting as President since 1 Jan 1981. Timothy Michael Riley joined the executive team most recently as the Vice President/Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Timothy Michael Riley	Vice president/chief compliance officer	1 Jan 1981	50% - 75%	1012436
Marc Andrew Hebert	President	1 Jan 1981	50% - 75%	1066810

Based in Bedford

The principal office where The Harbor Group, Inc. performs its advisory services is located at 331 South River Road, Bedford, NH 03110, which is also the mailing address of the firm. An additional office of the firm is in Alton Bay, NH. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 603-668-0634 or by fax 603-668-4561. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at harborgroup.com and its LinkedIn profile.