Harvard Avenue Investment Advisory

CRD#291787
Investment Advisor Firm

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Overview

Harvard Avenue Investment Advisory operates as an advisory firm headquartered in Scottsdale, Arizona. The firm controls $32.6 million in assets under management over 75 accounts. The firm has a small group of two employees, all of whom are financial advisors. Harvard Avenue Investment Advisory is not a registered broker-dealer, signifying that the company is not able to buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer company to do so. Securities are defined as tradable financial assets like bonds, options and equities.

Harvard Avenue Investment Advisory manages 74 of its client assets on a discretionary basis. Discretionary management means that transaction decisions are made by an investment advisor without needing to seek the client's approval. The firm also administers one non-discretionary accounts with a total of $610,570 in assets under management. The investment advisory firm oversees an average of $434,127 in assets for each account. 32000000 of its investments for financial planning services were in securities, with under $100,000 placed in non-securities. The typical financial advisor at Harvard Avenue Investment Advisory manages about 38 client accounts, making it about average in terms of personalization.

The firm's main office is located at 8151 E Indian Bend Road, Scottsdale, Arizona 85250. The firm is legally permitted to provide services to clients throughout a number of states, including Arizona and Utah.

Assets Under Management

$32.6 million

Number of Advisors

2

Disclosures

No

Office Location

8151 E Indian Bend Road
Scottsdale, AZ 85250

Harvard Avenue Investment Advisory by the Numbers

Total Assets Under Management

$32.6 million

National Average: $3.3 billion
Total Number of Employees

2

National Average: 31
Total Number of Accounts

75

National Average: 1,935
Average Account Size

$434.1 thousand

National Average: $1.7 million

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Products and Services

Harvard Avenue Investment Advisory offers a number of services, which can consist of financial planning services, portfolio management for individuals and small businesses, pension consulting services, publication of newsletters and educational seminars. In the prior fiscal year, Harvard Avenue Investment Advisory provided 51-100 of its customers with financial planning services. The company does not sell products or offer services other than investment advisory services to its investment advisory accounts.

Core Advisor Services

  • Offered by 44% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 61% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

  • Find a firm that offers this service

    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

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    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

  • Offered by 4% of firms

    Publication of Periodicals

    This is the publication of various financial education materials.

  • Offered by 10% of firms

    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Fees charged by financial advisors usually vary depending on the type of financial services offered. However, fee types billed by the company likely include some blend of the following fee structures: asset-based or fixed. The firm does not supply a wrap fee program, in which the company offers a bundle of services for a comprehensive fee. The firm has the ability to withdraw its expenses directly from client accounts.

Available

  • Offered by 72% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 39% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

Unavailable

  • Find one of the 35% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 2% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 17% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

Harvard Avenue Investment Advisory caters to retail investors. Out of its 75 clients, Harvard Avenue Investment Advisory's biggest client is retail investors. None of the company's customers reside abroad.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 100%
  • Corporations - 0%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Harvard Avenue Investment Advisory does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Harvard Avenue Investment Advisory

Jered Skousen
Scottsdale, AZ

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This content was compiled from the SEC and FINRA