Harbor Ithaka
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Overview
Harbor Ithaka is a financial advisor company headquartered in Miami, Florida. The firm controls $127.9 million in assets under management over 79 customer accounts, placing it in the mid-tier of financial advisory firms in the country by assets under management (AUM). The firm has a small team, including 1 financial advisor. Harbor Ithaka does not act as a registered broker-dealer, signifying that it cannot 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 exchangable fiscal investments such as options, bonds and stocks.
Harbor Ithaka administers 59 of the firm's client assets on a discretionary basis. Discretionary management means that buy and sell decisions are made by a portfolio manager without needing to seek the customer's consent. The company also administers 20 non-discretionary accounts with a total of $43.0 million in assets under management. Harbor Ithaka supervises about $1.6 million for every client account. The average financial advisor at Harbor Ithaka oversees around 79 client accounts.
The firm's central office is located at 3250 Ne 1St Ave., Miami, Florida 33137. It is allowed to provide services to clients in the state of Florida.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Harbor Ithaka by the Numbers
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/assets@2x.png)
$127.9 million
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/employees@2x.png)
5
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/accounts@2x.png)
79
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/account-size@2x.png)
$1.6 million
Products and Services
Harbor Ithaka provides a number of services, including portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles and selection of other advisers. Harbor Ithaka does not sell products or offer services aside from investment advice to its investment advisory accounts. It is also affiliated with one or more other service providers in the financial services industry, including with an insurance company or agency.
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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Offered by 46% of firms
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
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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.
Fee Structure
Financial management fees largely depend on which services are provided. However, fee types charged by Harbor Ithaka most likely include the following fee structures: asset-based, fixed or performance-based. The firm does not participate in a wrap fee program, in which the firm offers a service bundle for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 26% of firms
Performance-based
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
The firm caters to high net worth investors and pooled investment vehicles. Out of its 79 customers, Harbor Ithaka's largest client group by number of accounts is high net worth investors, but it also caters to 20 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 under management or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). About 89% of its accounts are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 74.07%
- Other Individuals - 0%
- Corporations - 25.93%
- 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 Ithaka does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Harbor Ithaka
Miami, FL
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