Harwood Investment Strategies, L.L.C

CRD#135383
Investment Advisor Firm

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Overview

Harwood Investment Strategies, L.L.C is a financial advisor company that has its headquarters in Monroe, Michigan. The firm oversees $40.5 million in assets under management throughout 152 customer accounts. The firm has a small team of two employees, all of whom are financial advisors. Harwood Investment Strategies, L.L.C is not a registered broker-dealer, meaning the company cannot buy and sell securities for its accounts and those of its clients and instead must go through a broker-dealer company to do so. Securities are exchangable fiscal investments such as equities, bonds and options.

Harwood Investment Strategies, L.L.C oversees more than half of the company's accounts in a discretionary manner. Discretionary management signifies that transaction judgments for the client's account are made by an investment advisor without needing the customer's permission. It also oversees 12 non-discretionary accounts with a total of $1.2 million in assets. The company manages about $266,528 in assets for every customer account. $100,001 to $500,000 of their investments for financial planning services were in securities, with under $100,000 invested in non-securities. An average advisor at Harwood Investment Strategies, L.L.C manages about 76 client accounts.

Harwood Investment Strategies, L.L.C's main office is at 214 E. Elm Ave, Suite #104, Monroe, Michigan 48162. The company is registered to serve investors throughout a number of states, including Michigan and Ohio.

Assets Under Management

$40.5 million

Number of Advisors

2

Disclosures

No

Office Location

214 E. Elm Ave, Suite #104
Monroe, MI 48162

Harwood Investment Strategies, L.L.C by the Numbers

Total Assets Under Management

$40.5 million

National Average: $3.7 billion
Total Number of Employees

2

National Average: 29
Total Number of Accounts

152

National Average: 2,073
Average Account Size

$266.5 thousand

National Average: $1.8 million

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Products and Services

Harwood Investment Strategies, L.L.C offers multiple financial services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles and other services. In the prior financial year, Harwood Investment Strategies, L.L.C provided 1-10 of its accounts with financial planning services. Harwood Investment Strategies, L.L.C does not sell products or offer services apart from investment advisory services to its investment advisory customers.

Core Advisor Services

  • Offered by 45% 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 62% 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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Fee Structure

Fees for financial advice largely depend on the type of services provided. However, fees billed by the firm can consist of the following fee types: asset-based or hourly. The firm does not supply a wrap fee program, in which the company offers a service bundle for a comprehensive fee. The firm has the ability to withdraw the fees directly from client funds.

Available

  • Offered by 74% 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 35% of firms

    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.

Unavailable

  • 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 40% 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.

  • 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

Harwood Investment Strategies, L.L.C manages money for a number of different customers. It caters to retail investors, high net worth investors, pension plans, charitable organizations, corporations and other. Out of its 152 clients, Harwood Investment Strategies, L.L.C's largest client type is retail investors, although it also serves 21 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 in AUM 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). None of the company's accounts are represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 19.09%
  • Other Individuals - 76.36%
  • Corporations - 3.64%
  • Charitable Organizations - 0.91%

* 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

Harwood Investment Strategies, L.L.C does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Harwood Investment Strategies, L.L.C

Edwin Harwood
Monroe, MI
Anthony Harwood
Monroe, MI

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The content in this profile was updated on 08/06/2020, using data compiled from the SEC and FINRA.

Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.