Harbinger Capital Partners LLC
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Learn more about Harbinger Capital Partners LLC
Overview
Harbinger Capital Partners LLC operates as an advisory company that has its headquarters in New York, New York. Harbinger Capital Partners LLC administers $336.4 million in total assets over 27 customer accounts, making it a mid-tier firm in the country by assets under management (AUM). It has a small team, including 1 financial advisor. Harbinger Capital Partners LLC does not act as a registered broker-dealer, meaning the company cannot buy and sell securities for its clients' and own accounts and instead has to go through a broker-dealer company to do so. Securities are defined as exchangable financial investments like bonds, options and stocks.
Harbinger Capital Partners LLC administers all of its client assets on a discretionary basis. Discretionary management means that an investment advisor has the discretion to make buy and sell decisions for the client's account without requiring the client's authorization. The advisory firm supervises roughly $12.5 million in assets for each client account. An average financial advisor at Harbinger Capital Partners LLC oversees around 27 client accounts, making it about average in terms of personalization.
The firm's central office is at 450 Park Avenue, New York, New York 10022. It is legally allowed to serve customers in the state of New York.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Harbinger Capital Partners LLC by the Numbers
$336.4 million
4
27
$12.5 million
Fee Structure
Financial management fees usually vary depending on which services the firm provides the client. Fees charged by the firm can consist of the following fee structures: asset-based, fixed or performance-based. The company does not supply a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
-
Offered by 32% of firms
Fixed
Unavailable
Types of Clients
The firm works with pooled investment vehicles. Out of its 27 customers, Harbinger Capital Partners LLC's biggest client is pooled investment vehicles. Around 70% of the company's clients are represented by people from outside of the U.S.
- 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
Harbinger Capital Partners LLC does not have any disclosures.
Please visit its Form ADV for more details.
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The content in this profile was updated by SmartAsset on 4/16/2023. 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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