Harbor Investment Advisory, LLC (Lutherville)


Harbor Investment Advisory, LLC is a large advisory firm based in Lutherville. It manages $2.35 billion of regulatory assets for 2,309 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Arizona, California, Colorado, and 25 other states.

Harbor Investment Advisory provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Harbor Investment Advisory: assets under management

The assets under management (AUM) of Harbor Investment Advisory, LLC is $2.35 billion. The firm's AUM has grown by 2602% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.05 billion in discretionary accounts and $1.3 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $560.78 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.99 million.
Harbor Investment Advisory has custody of $4.04 million in cash and securities for 6 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 65% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio. Investments in other assets form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Harbor Investment Advisory, LLC 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 Fred Cregan Jr Hill serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Fred Cregan Jr Hill is high net worth individuals with 2,142 clients and $1.08 billion of assets under management. Among the 9 most similar advisory firms, Harbor Investment Advisory has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.35 billion for 2,309 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.

Harbor Investment Advisory doesn't advise any private funds.

Careers at Harbor Investment Advisory, LLC

The company employs 29 people that are either part- or full-time employees. 93 percent of the employees work as investment advisers or researchers. 27 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.

Fred Cregan Jr Hill has been acting as President since 1 Jul 2014. Elizabeth Bond Brennen joined the executive team most recently as the Coo/Cco.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Llc Harbor Investment Management Sole member 1 Jun 2009 75% - 100% 80-0432192
Elizabeth Bond Brennen Chief compliance officer 1 Jun 2009 Other 1678369
Melinda Greider Legaye Finop/cfo 1 Nov 2009 Other 1020091
Raymond Patrick Dean Finop/cfo 1 Dec 2010 Other 2420032
Elizabeth Bond Brennen President, managing director, chief compliance officer 1 Mar 2012 Other 1678369
Elizabeth Bond Brennen Ceo, chief compliance officer 1 Jul 2014 Other 1678369
Fred Cregan Jr Hill President 1 Jul 2014 Other 1639919
Elizabeth Bond Brennen Coo/cco 1 Jun 2016 Other 1678369

Indirect Owners

The SEC currently registers 4 indirect owners.

Name Entity Date acquired Ownership Employer ID
Robert Wilmer Iii Black Member 1 Jun 2009 25% - 50% 1497429
Stephen John Kelly Member 1 Jun 2009 25% - 50% 1142155
Elizabeth Bond Brennen Member 1 Sep 2010 25% - 50% 1678369
Fred Cregan Jr Hill Member 1 Jan 2015 25% - 50% 1639919

Based in Lutherville

The principal office where Harbor Investment Advisory, LLC performs its advisory services is located at 2330 W. Joppa Road, Lutherville, MD 21093, 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 410-659-8900 or by fax 410-659-8899. The normal business hours are 8:30 - 5:00 on Monday - Friday. You can find more information about the New York firm at harborinvestmentadvisory.com.