Harvest Investment Services, LLC (Oakbrook Terrace)

Name: Harvest Investment Services, LLC
Address: 1 Transam Plaza Drive, Oakbrook Terrace, IL, 60181 4285
Telephone: (630) 613-9230

Harvest Investment Services, LLC is a large advisory firm based in Oakbrook Terrace. It manages $240.9 million of regulatory assets for 2,583 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Arizona, California, Florida, and 10 other states.

Harvest Investment Services 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 more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Harvest Investment Services: assets under management

The assets under management (AUM) of Harvest Investment Services, LLC is $240.9 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 136% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $240.9 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $93.26 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 47% of the total AUM. The second-largest asset type is investment and business development companies, which make up 17% of the firm’s portfolio. Investments in investment grade corporate bonds form 17% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Harvest Investment Services, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Timothy John Newell serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Timothy John Newell is individuals with 868 clients and $174.41 million of assets under management. Among the 10 most similar advisory firms, Harvest Investment Services has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $240.9 million for 911 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.

Harvest Investment Services doesn't advise any private funds.

Careers at Harvest Investment Services, LLC

The company employs 28 people that are either part- or full-time employees. 36 percent of the employees work as investment advisers or researchers. 28 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.

Timothy John Newell has been acting as President since 1 Oct 2011. John K Alyo joined the executive team most recently as the Cio.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Timothy John Newell	President/ceo	1 Oct 2011	Other	1339021
John K Alyo	Cio	1 Oct 2011	Other	3228696
Frederick Alfred Newell	Chief compliance officer	1 Oct 2011	Other	4889812
Llc Harvest Financial Planning	Owner	1 Oct 2011	75% - 100%	27-0187203

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Tim J And Jennifer B Newell Trust Dtd 12/12/1994	Owner	1 Oct 2011	75% - 100%	xxx-xx-xxxx
Timothy J. Newell	Owner	1 Oct 2011	75% - 100%	xxx-xx-xxxx

Based in Oakbrook Terrace

The principal office where Harvest Investment Services, LLC performs its advisory services is located at 1 Transam Plaza Drive, Oakbrook Terrace, IL 60181 4285, which is also the mailing address of the firm. An additional office of the firm is in Sugar Land, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (630) 613-9230 or by fax (630) 613-9126. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at harvestinvestmentservices.com.