Boston Harbor Wealth Advisors, LLC is a large advisory firm based in Acton. It manages $379.92 million of regulatory assets for 2,005 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Arizona, California, Connecticut, and 11 other states.
Boston Harbor Wealth Advisors 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.
The assets under management (AUM) of Boston Harbor Wealth Advisors, LLC is $379.92 million. The firm's AUM has grown by 265% since the beginning of its operation, and $1.24 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Boston Harbor Wealth Advisors, 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.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Boston Harbor Wealth Advisors is individuals with 937 clients and $222.05 million of assets under management. Among the 8 most similar advisory firms, Boston Harbor Wealth Advisors has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $379.92 million for 1,024 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.
Boston Harbor Wealth Advisors doesn't advise any private funds.
The company employs 32 people that are either part- or full-time employees. 72 percent of the employees work as investment advisers or researchers. 20 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.
The principal office where Boston Harbor Wealth Advisors, LLC performs its advisory services is located at 289 Great Road, Acton, MA 01720, which is also the mailing address of the firm. An additional office of the firm is in Rockland, MA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (978) 767-8667 or by fax (617) 371-0693. The normal business hours are 9am -5pm est on Monday - Friday. You can find more information about the New York firm at bostonharborwealth.com.