Harbour Investments Inc.
Harbour Investments Inc.
Clearing firm: Charles Schwab, Pershing LLC, TD Ameritrade
No. advisers: 275
No. franchises: 163
AUM: $11,205,000,000
Year founded: 1987
Year end: Dec. 31
No. of retail offices: 164
Recruitment & Staffing
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| No. of reps | 272 | 275 | 274 |
| No. of reps, male | 208 | 214 | 216 |
| No. of reps, female | 64 | 61 | 58 |
| No. of producing reps | 213 | 214 | 217 |
| No. of producing reps, male | 176 | 178 | 182 |
| No. of producing reps, female | 37 | 36 | 35 |
| No. of reps producing $100K-$499K /year | 126 | 135 | 140 |
| No. of reps producing $500K+ /year | 37 | 29 | 23 |
| No. of CFPs | 42 | 40 | 40 |
| No. of full-time employees | 24 | 24 | 23 |
| No. of fee-based advisers served | 219 | 215 | 211 |
| Average payout per rep, per year | $300,900 | $274,500 | $251,900 |
| Avg. annual production of top 20% reps | $726,200 | $641,400 | $565,704 |
| Total payout, per year | $64,095,000 | $58,767,000 | $54,914,104 |
| Cost of E&O insurance per rep, per year | 1875-2650 | 1875-2650 | 1875-2650 |
| Affiliation fees charged per rep, per year | 1600 | 1500 | 1400 |
| Affiliation fee coverage | Assessment, SIPC fees, Fidelity Bond, Corporate Registrations, Licensing & Processing Fees | Assessment, SIPC Fees, Fidelity bond, Corporate Registrations, Licensing & Processing Fees | Assessment, SIPC Fees, Fidelity bond, Corporate Registrations, Licensing & Processing Fees |
| $0-$249,999 | $250K-$499,999 | $500K-$749,999 | $750K-$999,999 | $1,000,000+ | |
|---|---|---|---|---|---|
| Mutual funds | Up to 90% | Up to 91% | Up to 92% | Up to 93% | Up to 94% |
| Insurance | Up to 100% | Up to 100% | Up to 100% | Up to 100% | Up to 100% |
| Variable annuities | Up to 90% | Up to 91% | Up to 92% | Up to 93% | Up to 94% |
| Limited parterships | Up to 90% | Up to 91% | Up to 92% | Up to 93% | Up to 94% |
| Securities | Up to 90% | Up to 91% | Up to 92% | Up to 93% | Up to 94% |
| Required minimum production | $75,000 | ||||
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| Total revenues | $64,095,000 | $58,767,000 | $54,914,000 |
| Commission revenues | $31,580,000 | $31,244,000 | $30,834,000 |
| Securities revenues | $333,000 | $338,000 | $441,000 |
| Securities revenues: Stocks | $333,000 | $338,000 | $420,000 |
| Securities revenues: Bonds | — | — | $11,000 |
| Securities revenues: ETFs | — | — | $10,000 |
| Securities revenues: Other | — | — | 0 |
| Mutual fund revenues | $11,263,000 | $11,439,000 | $11,729,000 |
| Annuities revenues | $19,482,000 | $19,101,000 | $18,219,000 |
| Annuities revenues: Fixed | $2,306,000 | $2,405,000 | $2,040,000 |
| Annuities revenues: Variable | $13,305,000 | $12,566,000 | $12,410,000 |
| Annuities revenues: Other | $3,871,000 | $4,130,000 | $3,769,000 |
| Insurance revenue | $334,000 | $316,000 | $325,000 |
| Insurance revenues: Life | $210,000 | $177,000 | $182,000 |
| Insurance revenues: Disabilities | $6,000 | $7,000 | $7,000 |
| Insurance revenues: LTC | $25,000 | $42,000 | $16,000 |
| Insurance revenues: Other | $93,000 | $90,000 | $120,000 |
| Alternative revenues | $168,000 | $50,000 | $120,000 |
| Alternative revenues: Hedge funds | — | — | — |
| Alternative revenues: Managed futures | — | — | — |
| Alternative revenues: Private placements | — | — | — |
| Alternative revenues: REITs | — | $50,000 | $120,000 |
| Alternative revenues: Other | $168,000 | — | — |
| Other commission revenues | — | 0 | — |
| Fee revenues | $32,515,000 | $27,523,000 | $24,080,000 |
| Fee revenues: Rep-managed accounts | $26,225,000 | $21,271,000 | $17,589,000 |
| Fee revenues: Firm-managed accounts | — | 0 | 0 |
| Fee revenues: Outside-managed accounts | $4,564,000 | $4,442,000 | $4,451,000 |
| Fee revenues: Other | $1,726,000 | $1,810,000 | $2,040,000 |
| Total revenues: Other | 0 | 0 | 0 |
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| Total account assets | $12,052,000,000 | $11,205,000,000 | $9,715,500,000 |
| Fee-based assets | $4,536,000,000 | $3,900,000,000 | $2,845,000,000 |
| Fee-based assets: Clearing firm | $3,361,000,000 | $2,700,000,000 | $1,900,000,000 |
| Fee-based assets: Advisory firm platforms | — | 0 | 0 |
| Fee-based assets: Third-party money managers | $775,000,000 | $750,000,000 | $620,000,000 |
| Fee-based assets: Other | $400,000,000 | $450,000,000 | $325,000,000 |
| Total account assets: Other | $7,516,000,000 | $7,305,000,000 | $6,870,500,000 |
| Average assets per rep | $44,308,824 | $40,745,455 | $35,458,029 |
| Social Media & Mobile | |||
| Allows advisers to use social media | Y | ||
| Social media sites allowed | Facebook | ||
| Dedicated mobile application for advisers? | N | ||
| Primary purpose of mobile application | — | ||
| Software Offered | |||
| Account aggregation software | ByAllAccounts Inc. eMoney 360 (eMoney Advisor) Morningstar Office WealthServ Investments |
||
| Compliance software | RegEd Smarsh Marketing.Pro Financial Tracking |
||
| CRM | Act4Advisors (Allied Financial Software Inc.) Advisor Assistant (Client Marketing Systems Inc.) Goldmine (FrontRange Solutions USA Inc.) Junxure (CRM Software Inc.) Redtail CRM (Redtail Technology) Salesforce CRM (Salesforce.com) SmartOffice (Ebix) Wealthbox (Gotham Tech Labs) |
||
| Document management | Laserfiche Redtail Imaging (Redtail Technology) WealthServ Investments |
||
| Financial planning | Cheshire Wealth Manager (Cheshire Software Inc.) eMoney360 (eMoney Advisor) Finance Logix (Envestnet) MoneyGuidePro (PIEtech Inc.) NaviPro Planning Suite (Advicent, formerly Zywave) Riskalyze |
||
| Portfolio management | Advisors Assistant (Client Marketing Systems Inc.) Black Diamond (Advent Software Inc.) Morningstar Office (Morningstar Inc.) WealthServ Investments |
||
| Portfolio rebalancing | Advisor Rebalancing (Envestnet/Tamarac) iRebal, the Intelligent Rebalancer (ThinkTech Inc.) NetX360 (Pershing) Schwab Portfolio Rebalancer (Schwab Advisor Services) |
||
| Robo-advice | |||
| Offers robo-advisory platform? | Y | ||
| If not, when plans to offer a robo-platform | — | ||
| Robo-advice services offered | — | ||
| How robo-platform developed | By a third-party developer | ||
| Charge for robo-advisory services? | N | ||
- Notes
- N/A = Not available
- N/D = Not disclosed
- — = Information not available or not disclosed
All 2011-2016 recruitment and staffing data is as of Dec. 31 in the calendar year displayed. Prior year recruitment and staffing data is as of Sept. 30. All financial figures are for firms' year end, unless noted.
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