Harbor Capital Advisory Services, Inc. (Fairport)

Name: Harbor Capital Advisory Services, Inc.
Address: 10 East Church Street, Fairport, NY, 14450
Telephone: 585-425-4090 EXT. 2

Harbor Capital Advisory Services, Inc. is a mid-sized advisory firm based in Fairport. It manages $70.73 million of regulatory assets for 326 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of New York and Texas.

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

Harbor Capital Advisory Services: assets under management

The assets under management (AUM) of Harbor Capital Advisory Services, Inc. is $70.73 million. The firm's AUM has grown by 61% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $31.87 million in discretionary accounts and $38.85 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $98.68 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $12.95 million.

Investments

The firm invests in exchange traded securities the most. They account for 90% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Harbor Capital Advisory Services, 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 Harbor Capital Advisory Services serves?

The firm provides services to individuals and pension and profit sharing plans. The largest group of clients of Harbor Capital Advisory Services is individuals with 326 clients and $70.33 million of assets under management. Among the 5 most similar advisory firms, Harbor Capital Advisory Services has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $70.73 million for 327 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 Capital Advisory Services doesn't advise any private funds.

Careers at Harbor Capital Advisory Services, Inc.

The company employs 4 people that are either part- or full-time employees. 75 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.

Harbor Capital Advisory Services, Inc. is owned by Jeremy T Monte. Daniel A Monte joined the executive team most recently as the Vice President And Chief Operations Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Frank Anthony Monte	Chief compliance officer	1 Jan 2008	50% - 75%	1021749
Jeremy T Monte	Chief operations officer and chief compliance officer	1 Jan 2008	50% - 75%	4601512
Jeremy T Monte	Owner	1 Jul 2013	50% - 75%	4601512
Jenny Lee Leach	Chief operating officer	1 Jul 2013	Other	3257861
Daniel A Monte	Vice president	1 Jul 2017	Other	6160115
Daniel A Monte	Vice president and chief operations officer	1 Nov 2017	Other	6160115

Based in Fairport

The principal office where Harbor Capital Advisory Services, Inc. performs its advisory services is located at 10 East Church Street, Fairport, NY 14450, which is also the mailing address of the firm. An additional office of the firm is in Rochester, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 585-425-4090 EXT. 2 or by fax 585-425-4470. The normal business hours are 8:30 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at harcapadv.com.