Harvest Fund Advisors LLC (Wayne)

Name: Harvest Fund Advisors LLC
Address: 100 West Lancaster Avenue, Wayne, PA, 19087
Telephone: 610-293-7800

Harvest Fund Advisors LLC is a large advisory firm based in Wayne. It manages $9.48 billion of regulatory assets for 794 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Arizona, California, Connecticut, and 21 other states.

Harvest Fund Advisors provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Harvest Fund Advisors: assets under management

The assets under management (AUM) of Harvest Fund Advisors LLC is $9.48 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 2498% since the beginning of its operation, and $15 million of the total AUM is attributable to clients outside of the United States.

The firm manages $9.48 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $11.94 million each.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Harvest Fund Advisors LLC for their services and products based on a percentage of assets under management and performance-based 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 Hamilton Evans James serves?

The firm provides services to charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Hamilton Evans James is state or municipal government entities with 42 clients and $4.5 billion of assets under management. Among the 10 most similar advisory firms, Harvest Fund Advisors has the 2nd highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $9.48 billion for 794 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.

Harvest Fund Advisors also advises several private funds. Namely, one hedge fund and four other private funds. The minimum investment commitment required of non-related persons ranges from $500,000 to $1,000,000.

Careers at Harvest Fund Advisors LLC

The company employs 19 people that are either part- or full-time employees. 47 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.

Hamilton Evans James has been acting as President since 1 Oct 2017. Eric Mitchell Conklin joined the executive team most recently as the Managing Partner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Anthony Jared Merhige	Chief operating officer & general counsel	1 Nov 2005	Other	5836725
David B Thayer	Chief financial officer & chief compliance officer	1 Nov 2005	Other	1739344
David John Martinelli	Managing partner	1 Nov 2005	25% - 50%	1545753
John Augustine Simkiss	Portfolio strategist	1 Nov 2005	Other	1552315
Eric Mitchell Conklin	Portfolio manager	1 Jun 2006	25% - 50%	4413891
Eric Mitchell Conklin	Managing partner	1 Oct 2017	Other	4413891
Harvest Fund Holdco L.P.	Sole member	1 Oct 2017	75% - 100%	82-3395660
Hamilton Evans James	President	1 Oct 2017	Other	821911
Stephen Allen Schwarzman	Chairman and ceo	1 Oct 2017	Other	861435

Indirect Owners

The SEC currently registers 11 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Blackstone Harvest Holdco L.L.C.	General partner	1 Oct 2017	Other	82-3395566
Blackstone Intermediary Holdco L.L.C.	Sole member	1 Oct 2017	75% - 100%	45-2537313
Blackstone Advisory Partners L.P.	Sole member	1 Oct 2017	75% - 100%	17917
Blackstone Advisory Services L.L.C.	General partner	1 Oct 2017	75% - 100%	26-1124704
Blackstone Group Holdings L.P.	Limited partner	1 Oct 2017	Other	13-3492074
Blackstone Holdings I L.P.	Sole member	1 Oct 2017	75% - 100%	26-0288589
Blackstone Group Holdings L.L.C.	General partner	1 Oct 2017	Other	13-3901804
Blackstone Holdings I/Ii Gp Inc.	General partner	1 Oct 2017	Other	26-0238303
The Blackstone Group L.P.	Shareholder	1 Oct 2017	75% - 100%	20-8875684
Blackstone Holdings I/Ii Gp Llc	General partner	1 Oct 2017	Other	26-0238303
The Blackstone Group Inc.	Sole member	1 Oct 2017	75% - 100%	20-8875684

Based in Wayne

The principal office where Harvest Fund Advisors LLC performs its advisory services is located at 100 West Lancaster Avenue, Wayne, PA 19087, 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 610-293-7800 or by fax 610-995-9775. The normal business hours are 8:00am-6:00pm on Monday - Friday. You can find more information about the New York firm at harvestmlp.com.