Harbor Capital Advisors, Inc

CRD#113042
Investment Advisor Firm

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Learn more about Harbor Capital Advisors, Inc

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Harbor Capital Advisors, Inc is located at 111 South Wacker Drive, Chicago, IL. The firm employs 25 financial advisors to manage client portfolios and provide financial guidance. Harbor Capital Advisors, Inc is not a registered broker-dealer.

    Harbor Capital Advisors, Inc oversees $50.5 billion in assets under management across 13 accounts, all of which are discretionary. The services offered include portfolio management for investment companies, portfolio management for pooled investment vehicles, selection of other advisers, and other services. The firm caters to investment companies, pooled investment vehicles, and corporations, with corporations being the largest client type by accounts. The fee structure at Harbor Capital Advisors, Inc is asset-based. The firm maintains affiliations with a broker-dealer or securities dealer, banking or thrift institution, trust company, insurance company or agency, real estate broker or dealer, and commodity pool advisor.

    Harbor Capital Advisors, Inc is registered in the states of Illinois and Massachusetts.

    Assets Under Management

    $50.5 billion

    Number of Advisors

    25

    Disclosures

    No

    Office Location

    111 South Wacker Drive
    Chicago, IL 60606-4302

    Harbor Capital Advisors, Inc by the Numbers

    Total Assets Under Management

    $50.5 billion

    National Average: $8.6 billion
    Total Number of Employees

    224

    National Average: 64
    Total Number of Accounts

    13

    National Average: 375,227
    Average Account Size

    $3.9 billion

    National Average: $23.0 thousand
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    Products and Services

    Harbor Capital Advisors, Inc offers a variety of financial services, which can include portfolio management for investment companies, portfolio management for pooled investment vehicles, selection of other advisers, and other services. Notably, Harbor Capital Advisors, Inc did not provide financial planning services to any of its accounts in the previous fiscal year. The Firm is not engaged in selling products or offering services other than investment advisory services to its investment advisory customers.

    Core Advisor Services

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      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.

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      Portfolio Management

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

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      Market Timing Services

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

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

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

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      Publication of Periodicals

      This is the publication of various financial education materials.

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      Educational Seminars/Workshops

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

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    Fee Structure

    Financial advisory fees usually depend on which services the firm provides the client. Fees billed by Harbor Capital Advisors, Inc typically consist of the following fee structure: asset-based.

    Available

    • Offered by 69% 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.

    Unavailable

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      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 1% 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 26% 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 0% 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 32% of firms that offer this fee type

      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.

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      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

    It works with investment companies, pooled investment vehicles, and corporations. Out of its 3 clients, Harbor Capital Advisors, Inc's largest client type by number of accounts is investment companies.

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

    Harbor Capital Advisors, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Harbor Capital Advisors, Inc

    Kurt Gustafson
    Chicago, IL
    Timothy Buick
    Chicago, IL
    Patrick Gianaras
    Chicago, IL
    Brian Dempsey
    Chicago, IL
    William Wheeler
    Chicago, IL
    Jacob Delmauro
    Chicago, IL
    Dale Korman
    Marietta, GA
    Bilal Little
    Miami, FL
    Jason Alonzo
    Chicago, IL

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    The content in this profile was updated by SmartAsset on 6/19/2024. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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