Harbour Investment Management L.L.C. (Edmonds)

Harbour Investment Management L.L.C. is a large advisory firm based in Edmonds. It manages $290.51 million of regulatory assets for 442 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of New Hampshire, Oregon, Texas, and Washington.

Harbour Investment Management L.L.C provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and educational seminars and workshops. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Harbour Investment Management L.L.C: assets under management

The assets under management (AUM) of Harbour Investment Management L.L.C. is $290.51 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 153% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $290.51 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $657.26 thousand each.

Harbour Investment Management L.L.C has custody of $82.64 million in cash and securities for 69 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 43% of the total AUM. The second-largest asset type is government bonds, which make up 35% of the firm’s portfolio. Investments in investment and business development companies form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Harbour Investment Management L.L.C. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Harbour Investment Management L.L.C serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Harbour Investment Management L.L.C is high net worth individuals with 66 clients and $208.57 million of assets under management. Among the 13 most similar advisory firms, Harbour Investment Management L.L.C has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $289.74 million for 184 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.

Harbour Investment Management L.L.C doesn't advise any private funds.

Careers at Harbour Investment Management L.L.C.

The company employs 4 people that are either part- or full-time employees. 75 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
Hans D. Berkenhoff	Portfolio manager	1 Jan 2001	Other	1732902
Hans Dieter Berkenhoff	Portfolio manager	1 Jan 2001	Other	1732902
Hans Berkenhoff	Manager	1 Jan 2001	75% - 100%	1732902
Brian James Berkenhoff	Portfolio manager	1 Jan 2003	Other	4542497
Erika Lynne Hill	Chief compliance officer & portfolio manager	1 Jan 2007	50% - 75%	2681179
Erika Lynne Berkenhoff	Chief compliance officer & portfolio manager	1 Jan 2007	50% - 75%	2681179
Evan Arthur Hill	Portfolio manager	1 Jan 2009	25% - 50%	2824718
Northwest Capital Management Inc.	Llc member	1 Jan 2017	25% - 50%	108091
Aalok Kirit Shah	Portfolio manager	1 Jan 2019	25% - 50%	3244464

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Frederick Joseph Payne	Director and chief compliance officer	1 Jun 1998	50% - 75%	1290237
Brent Jameson Petty	President	1 Jun 2005	Other	4033087
Aalok Kirit Shah	Secretary/treasurer	1 Dec 2014	Other	3244464

Based in Edmonds

The principal office where Harbour Investment Management L.L.C. performs its advisory services is located at 110 James Street, Edmonds, WA 98020 8431, which is also the mailing address of the firm. An additional office of the firm is in Portland, OR. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 425-742-1557 or by fax 425-645-8046. The normal business hours are 8:00 am to 1:00 pm on Monday - Friday.