Harvest Funds Management, LLC (Marblehead)

Name: Harvest Funds Management, LLC
Address: 18 Sewall Street, Marblehead, MA, 01945
Telephone: 781-639-2750

Harvest Funds Management, LLC is a related adviser based in Marblehead. It manages $45.23 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of Massachusetts.

Harvest Funds Management provides portfolio management for pooled investment vehicles, selection of other advisers, and portfolio management for a charitable foundation. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Harvest Funds Management: assets under management

The assets under management (AUM) of Harvest Funds Management, LLC is $45.23 million. The firm's AUM has gone down by -11% since the beginning of its operation, and $16.19 million of the total AUM is attributable to clients outside of the United States.

The firm manages $37.96 million in discretionary accounts and $7.27 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $18.98 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $7.27 million.

Harvest Funds Management has custody of $37.96 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Harvest Funds 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 Harvest Funds Management serves?

The firm provides services to charitable organizations and pooled investment vehicles. The largest group of clients of Harvest Funds Management is pooled investment vehicles with 2 clients and $37.96 million of assets under management. Among the 1 most similar advisory firms, Harvest Funds Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $45.23 million for 3 clients. 36% of the firm’s clients are foreign persons or businesses.

Harvest Funds Management also advises several private funds. Namely, two private equity funds. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Harvest Funds Management, LLC

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There’s a single person 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
Eli Seth Kent	Managing member	1 Jul 2010	Other	2799890
William Bradford Moody	Managing member	1 Jul 2010	Other	2643747
Llc Moody Aldrich Partners	Member	1 Jul 2010	50% - 75%	106920
Christopher Leonard Kelley	Managing member	1 Jul 2010	Other	1424553
Joan Marie Asher	Chief compliance officer/chief operating officer	1 May 2013	Other	2418509
Amanda Velluto	Chief compliance officer	1 Jun 2016	Other	6660682

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Eyk De Mol Alexander Van Otterloo	Member	1 Jun 1988	50% - 75%	4339176
William Bradford Moody	Managing member	1 Jun 1988	25% - 50%	2643747
Eli Seth Kent	Managing member	1 May 2006	25% - 50%	2799890

Based in Marblehead

The principal office where Harvest Funds Management, LLC performs its advisory services is located at 18 Sewall Street, Marblehead, MA 01945, 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 781-639-2750 or by fax 781-639-2751. The normal business hours are 9:00 a.m - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at harvestfund.com.