Harbor Group International, LLC

CRD#285895
Investment Advisor Firm

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Learn more about Harbor Group International, LLC

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

    • Overview

    Harbor Group International, LLC operates as a financial advisor firm headquartered in Norfolk, Virginia. The company administers $2.8 billion in assets over 140 client accounts, making it one of the largest financial advisory firms in the nation by assets under management (AUM). The firm has a large team, including 52 financial advisors. Harbor Group International, LLC does not act as a registered broker-dealer, meaning the firm cannot buy and sell securities for its clients' and own accounts and instead has to go through a broker-dealer firm to do so. Securities are exchangable fiscal assets like options, bonds and equities.

    Harbor Group International, LLC administers all of the firm's client assets in a discretionary manner. Discretionary management signifies that buy and sell judgments for the client's account are made by an investment advisor without needing client consent. Harbor Group International, LLC's typical account size is $19.7 million. The average financial advisor at Harbor Group International, LLC administers about three client accounts, placing it among the most individualized firms in the country.

    The firm's central office is located at 999 Waterside Drive, Norfolk, Virginia 23510. It is registered to provide services to clients throughout a number of states, including Maryland, New York and Virginia.

    Assets Under Management

    $2.8 billion

    Number of Advisors

    52

    Disclosures

    No

    Office Location

    999 Waterside Drive
    Norfolk, VA 23510

    Harbor Group International, LLC by the Numbers

    Total Assets Under Management

    $2.8 billion

    National Average: $8.6 billion
    Total Number of Employees

    129

    National Average: 64
    Total Number of Accounts

    140

    National Average: 375,227
    Average Account Size

    $19.7 million

    National Average: $23.0 thousand
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    Fee Structure

    Financial management fees typically vary depending on the financial services provided. Fee types charged by the firm most likely are comprised of any blend of the following fee types: asset-based or other. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the firm.

    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 10% of firms

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    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 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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    Types of Clients

    The firm provides services to pooled investment vehicles. Out of its 140 clients, Harbor Group International, LLC's largest client group by number of accounts is pooled investment vehicles. Just 1% of the company's accounts 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

    Harbor Group International, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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