Clear Harbor Asset Management, LLC (New York)

Clear Harbor Asset Management, LLC is a large advisory firm based in New York. It manages $643.92 million of regulatory assets for 1,001 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Alaska, California, Connecticut, and 13 other states.

Clear Harbor Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Clear Harbor Asset Management: assets under management

The assets under management (AUM) of Clear Harbor Asset Management, LLC is $643.92 million. The firm's AUM has grown by 1884% since the beginning of its operation, and $27.73 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $642.43 million in discretionary accounts and $1.49 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $645.01 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $297.84 thousand.

Clear Harbor Asset Management has custody of $78.19 million in cash and securities for 32 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 cash and cash equivalents, which make up 14% of the firm’s portfolio. Investments in investment and business development companies form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Clear Harbor Asset Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Clear Harbor Asset Management serves?

The firm provides services to individuals, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Clear Harbor Asset Management is high net worth individuals with 165 clients and $464.77 million of assets under management. Among the 11 most similar advisory firms, Clear Harbor Asset Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $640.39 million for 439 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Clear Harbor Asset Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Clear Harbor Asset Management, LLC

The company employs 15 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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.

Donald Roger Brooke Liddell joined the executive team most recently as the Managing Member.

Direct owners and executive officers

Based in New York

The principal office where Clear Harbor Asset Management, LLC performs its advisory services is located at 420 Lexington Avenue, New York, NY 10170, which is also the mailing address of the firm. An additional office of the firm is in Dallas, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-867-7310. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at clearharboram.com.

Registered investment advisers similar to Clear Harbor Asset Management, LLC

• Sonterra Capital
• Dw Management Services
• Willingdon Wealth Management
• Hub International Investment Advisory Services
• Sena Weller Rohs Williams
• Dalal Street
• Arthur M. Cohen & Associates
• Sarissa Capital Management
• D.B. Root & Company
• Brencourt Advisors
• Sg Capital Management
• Ppb Advisors
• Sather Financial Group
• Broadfin Capital
• 3 Bridge Capital