Flagship Harbor Advisors, LLC is a large advisory firm based in Boston. It manages $1.4 billion of regulatory assets for 9,590 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Alabama, Arizona, California, and 29 other states.
Flagship Harbor Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for approximately 652 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Flagship Harbor Advisors, LLC is $1.4 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1456% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Flagship Harbor Advisors, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Flagship Harbor Advisors is high net worth individuals with 433 clients and $725.26 million of assets under management. Among the 10 most similar advisory firms, Flagship Harbor Advisors has the 5th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $1.4 billion for 3,516 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Flagship Harbor Advisors doesn't advise any private funds.
The company employs 54 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 54 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Flagship Harbor Advisors, LLC performs its advisory services is located at 346 Commercial Street, Boston, MA 02109, which is also the mailing address of the firm. An additional office of the firm is in Yarmouth, ME. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (857) 350-4229 or by fax (617) 224-0870. The normal business hours are by appointment only on Monday - Friday. You can find more information about the New York firm at flagshipharbor.com.