Harbourview Equity Partners, LLC

CRD#315050
Investment Advisor Firm

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Learn more about Harbourview Equity Partners, LLC

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • Office Locations

    • Overview

    Harbourview Equity Partners, LLC is a financial advisory firm located in Newark, New Jersey. It oversees $1.3 billion in total assets across three customer accounts, making it one of the biggest firms in the United States by assets under management (AUM). It has a small group, including 19 financial advisors. Harbourview Equity Partners, LLC is not a registered broker-dealer, signifying that the company cannot buy and sell securities for its clients' and own accounts and instead must go through a broker-dealer firm to do so. Securities are defined as exchangable fiscal investments like bonds, options and stocks.

    Harbourview Equity Partners, LLC oversees all of the company's accounts in a discretionary manner. Discretionary management is a structure in which an investment advisor makes transaction judgments for the client's account without needing client consent. The company oversees roughly $432.8 million in assets for each account. The average advisor at Harbourview Equity Partners, LLC oversees fewer than one client account, making it one of the most personalized firms in the country.

    The company's main office is at 110 Edison Place, Newark, New Jersey 7102.

    Assets Under Management

    $1.3 billion

    Number of Advisors

    19

    Disclosures

    No

    Office Location

    110 Edison Place
    Newark, NJ 07102

    Harbourview Equity Partners, LLC by the Numbers

    Total Assets Under Management

    $1.3 billion

    National Average: $8.6 billion
    Total Number of Employees

    22

    National Average: 64
    Total Number of Accounts

    3

    National Average: 375,227
    Average Account Size

    $432.8 million

    National Average: $23.0 thousand
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    Fee Structure

    Financial management fees typically are based on the services provided. Fees billed by the firm can include any blend of the following fee types: asset-based or performance-based. The firm does not supply a wrap fee program, in which the company offers a service bundle for a comprehensive fee.

    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.

    • Offered by 26% of firms

      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.

    Unavailable

    • Find one of the 21% 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 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 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.

    • Find one of the 10% 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.

    Back to Overview

    Types of Clients

    It works with pooled investment vehicles. Out of its three accounts, Harbourview Equity Partners, LLC's biggest client group is pooled investment vehicles. None of the firm's clients reside abroad.

    • 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

    Harbourview Equity Partners, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

    Back to Overview

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