Harbour Investments, Inc. (Madison)

Name: Harbour Investments, Inc.
Address: 575 D'onofrio Drive, Madison, WI, 53719
Telephone: 608-662-6100

Harbour Investments, Inc. is a large advisory firm based in Madison. It manages $1.96 billion of regulatory assets for 14,366 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 44 other states.

Harbour Investments provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Harbour Investments: assets under management

The assets under management (AUM) of Harbour Investments, Inc. is $1.96 billion. The firm's AUM has grown by 396% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.1 billion in discretionary accounts and $865.78 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $140.7 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $131.54 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 51% of the total AUM. The second-largest asset type is exchange traded securities, which make up 39% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Harbour Investments, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Harbour Investments 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 Harbour Investments is individuals with 8,740 clients and $1.66 billion of assets under management. Among the 6 most similar advisory firms, Harbour Investments has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.96 billion for 8,958 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.

Harbour Investments doesn't advise any private funds.

Careers at Harbour Investments, Inc.

The company employs 217 people that are either part- or full-time employees. 82 percent of the employees work as investment advisers or researchers. 177 employees are registered as investment adviser representatives with the state securities authorities.

There are 16 people 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Nick William Sondel	President, mdp	1 Jan 1987	75% - 100%	1261064
James Vail Thompson	Vice president, secretary	1 Apr 1992	Other	827325
Robert George Hurley	Cco	1 May 1994	Other	xxx-xx-xxxx
Rhonda Lee Meyer	Vice president & chief operating officer, finop	1 Mar 1997	Other	2285226
Christopher Francis Hanifl	Vice president	1 Jan 2000	Other	xxx-xx-xxxx
Robert George Hurley	Compliance director	1 Aug 2003	Other	xxx-xx-xxxx
Steven Howard Lecoultre	Chief compliance officer	1 Aug 2003	Other	1796246
David Leo Rosenow	Vice president business & product developement and director of compliance operations officer	1 Mar 2004	Other	1561780
Richard Arthur Iii O'leary	Chief compliance officer & vice president	1 Nov 2004	Other	3278721
Richard Arthur Oleary	Chief compliance officer	1 Nov 2004	Other	3278721
Douglas John Holmes	Vice president corporate developement	1 Sep 2007	Other	4008767
Richard Oneill Medland	Crop	1 Jan 2008	Other	2748242
Aaron Michael Hager	Vice president of business development	1 Mar 2018	Other	5017811

Based in Madison

The principal office where Harbour Investments, Inc. performs its advisory services is located at 575 D'onofrio Drive, Madison, WI 53719, which is also the mailing address of the firm. An additional office of the firm is in Racine, WI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 608-662-6100 or by fax 608-662-6101. The normal business hours are 8:15am - 4:45pm on Monday - Friday. You can find more information about the New York firm at mgainvesting.com and its LinkedIn profile.