Financial Harvest, LLC (Winter Park)

Name: Financial Harvest, LLC
Address: 1091 West Morse Boulevard, Winter Park, FL, 32789
Telephone: 407-937-0707

Financial Harvest, LLC is a large advisory firm based in Winter Park. It manages $134.93 million of regulatory assets for 547 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of Florida.

Financial Harvest provides financial planning services, portfolio management for individuals and small businesses, 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.

Financial Harvest: assets under management

The assets under management (AUM) of Financial Harvest, LLC is $134.93 million. The firm's AUM has grown by 11% since the beginning of its operation, and $1.65 million of the total AUM is attributable to clients outside of the United States.

The firm manages $131.09 million in discretionary accounts and $3.84 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $256.04 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $109.59 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 97% of the total AUM. The second-largest asset type is exchange traded securities, which make up 2% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Financial Harvest, 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 Financial Harvest serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Financial Harvest is high net worth individuals with 70 clients and $100.6 million of assets under management. Among the 12 most similar advisory firms, Financial Harvest has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $134.93 million for 163 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Financial Harvest doesn't advise any private funds.

Careers at Financial Harvest, LLC

The company employs 6 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 4 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Alan Witter	Managing member & chief compliance officer	1 Jun 2005	75% - 100%	4519401
Nancy Kathryn Witter	Managing member	1 Jan 2011	25% - 50%	4553458

Based in Winter Park

The principal office where Financial Harvest, LLC performs its advisory services is located at 1091 West Morse Boulevard, Winter Park, FL 32789, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 407-937-0707 or by fax 407-937-0706. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at financialharvest.com.