Harbor Investment Advisors

Harbor Investment Advisors is an independent, fee-only advisory firm that provides discretionary portfolio management for a small group of individual, trust, and retirement plan clients and reports managing roughly $30.5 million in discretionary assets. The firm charges percentage-of-assets advisory fees and generally requires an aggregate household minimum of $500,000, with exceptions considered.

The investment process combines top-down and bottom-up research and relies on third‑party sources (Morningstar, S&P, Bloomberg and others) to evaluate mutual funds, ETFs and fixed‑income products; the firm will advise on individual equities or bonds only when it has ongoing oversight of those accounts. Each client’s objectives and allocation are documented in a written Investment Plan Summary, accounts are reviewed at least monthly, and clients receive quarterly performance reports with multi-index comparisons.

Notable characteristics for a firm of this size include a long operating history and a principal who holds the CFA designation, a very small client roster (about ten clients), and an approach that does not typically customize portfolios to a high degree—clients may impose restrictions and any client‑held positions outside the firm’s recommended list are excluded from fee billing and performance reporting. The firm also discloses operational practices that differ from many peers, including default abstention from voting client proxies, no soft‑dollar or referral arrangements, and the aggregation of bond orders for fixed‑income purchases.