Harpswell Capital Advisors, LLC (New Gloucester)

Name: Harpswell Capital Advisors, LLC
Address: 41 Campus Drive, New Gloucester, ME, 04260
Telephone: 207-926-1380

Harpswell Capital Advisors, LLC is a large advisory firm based in New Gloucester. It manages $157.81 million of regulatory assets for 65 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Alabama, Maine, Massachusetts, New York, and Vermont.

Harpswell Capital Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Harpswell Capital Advisors: assets under management

The assets under management (AUM) of Harpswell Capital Advisors, LLC is $157.81 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 202% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $157.81 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.43 million each.

Investments

The firm invests in investment and business development companies the most. They account for 73% of the total AUM. The second-largest asset type is exchange traded securities, which make up 16% of the firm’s portfolio. Investments in pooled investment vehicles form 4% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Harpswell Capital Advisors, LLC for their services and products based on a percentage of assets under management. 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 John Patrick Moore serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of John Patrick Moore is charitable organizations with 12 clients and $88.33 million of assets under management. Among the 9 most similar advisory firms, Harpswell Capital Advisors has the highest percentage of charitable organizations out of all clients.

The amount of regulatory assets under management is $99.72 million for 25 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.

Harpswell Capital Advisors doesn't advise any private funds.

Careers at Harpswell Capital Advisors, LLC

The company employs 5 people that are either part- or full-time employees. 60 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.

John Patrick Moore has been acting as President since 1 Jul 2013. Wendy K Ralph joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
John Patrick Moore	Managing member/president/cco	1 Jul 2013	75% - 100%	5486450
Wendy K Ralph	Chief compliance officer	1 Sep 2013	Other	2107519

Based in New Gloucester

The principal office where Harpswell Capital Advisors, LLC performs its advisory services is located at 41 Campus Drive, New Gloucester, ME 04260, 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 207-926-1380. The normal business hours are 8:00-5:00 on Monday - Friday. You can find more information about the New York firm at harpswelladvisors.com.