Safe Harbor Asset Management, Inc. (Huntington)

Name: Safe Harbor Asset Management, Inc.
Address: 167 East Main Street, Huntington, NY, 11743
Telephone: 631-421-4341

Safe Harbor Asset Management, Inc. is a mid-sized advisory firm based in Huntington. It manages $46.61 million of regulatory assets for 90 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of New York.

Safe Harbor Asset Management provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Safe Harbor Asset Management: assets under management

The assets under management (AUM) of Safe Harbor Asset Management, Inc. is $46.61 million. The firm's AUM has grown by 58% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $23.04 million in discretionary accounts and $23.57 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $535.84 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $501.39 thousand.

Safe Harbor Asset Management has custody of $3.14 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 72% of the total AUM. The second-largest asset type is investment and business development companies, which make up 25% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Safe Harbor Asset Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Safe Harbor Asset Management serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Safe Harbor Asset Management is high net worth individuals with 27 clients and $38.84 million of assets under management. Among the 4 most similar advisory firms, Safe Harbor Asset Management has the 2nd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $46.61 million for 46 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.

Safe Harbor Asset Management doesn't advise any private funds.

Careers at Safe Harbor Asset Management, Inc.

The company employs 3 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. No 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 doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Stephen Kent Davis	President and chief compliance officer	1 Aug 1995	75% - 100%	1015132

Based in Huntington

The principal office where Safe Harbor Asset Management, Inc. performs its advisory services is located at 167 East Main Street, Huntington, NY 11743, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 631-421-4341 or by fax 631-421-4677. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at investsafeharbor.com.