Harbor Advisory Corporation (Portsmouth)

Name: Harbor Advisory Corporation
Address: 500 Market St., Ste 11, Portsmouth, NH, 03801
Telephone: 603-431-5740

Harbor Advisory Corporation is a large advisory firm based in Portsmouth. It manages $141.2 million of regulatory assets for 273 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Connecticut, Florida, and 5 other states.

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

Harbor Advisory Corporation: assets under management

The assets under management (AUM) of Harbor Advisory Corporation is $141.2 million. The firm's AUM has gone down by -26% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $140.34 million in discretionary accounts and $861.63 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $517.86 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $430.82 thousand.

Harbor Advisory Corporation has custody of $9.77 million in cash and securities for 11 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-exchange traded securities the most. They account for 35% of the total AUM. The second-largest asset type is exchange traded securities, which make up 25% of the firm’s portfolio. Investments in investment grade corporate bonds form 19% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Harbor Advisory Corporation 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 Sarah K Butler serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Sarah K Butler is high net worth individuals with 47 clients and $106.41 million of assets under management. Among the 10 most similar advisory firms, Harbor Advisory Corporation has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $135.3 million for 106 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 Advisory Corporation doesn't advise any private funds.

Careers at Harbor Advisory Corporation

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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.

Sarah K Butler has been acting as President since 1 Jan 2015. John Joseph Degan joined the executive team most recently as the Director & Vice President, Chief Compliance Officer, Chief Investment Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joan Claire Gordon	Clerk	1 Aug 1984	Other	4338436
Weld Rollins Butler	President, treasurer & director	1 Mar 1986	75% - 100%	1923341
Weld Rollins Trustee Butler	President, treasurer & director	1 Mar 1986	75% - 100%	1923341
Weld Butler	President, treasurer & director	1 Mar 1986	50% - 75%	1923341
John Joseph Degan	Director & vice president, chief compliance officer, chief investment officer	1 Jun 1996	Other	1506997
Sarah K Butler	Director	1 Jan 2015	Other	6464321

Based in Portsmouth

The principal office where Harbor Advisory Corporation performs its advisory services is located at 500 Market St., Ste 11, Portsmouth, NH 03801 The mailing address of the firm is Po Box 4520, Portsmouth, NH 03802 4520. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 603-431-5740 or by fax 603-431-2927. The normal business hours are 8:30 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at harboradvisory.com.