How does the advisor help clients – Key Takeaways:
Black Harbor Financial has been helping clients achieve their financial goals for over 15 years. The firm is known for its expertise in financial planning and investment management, providing personalized solutions for each client’s unique needs.
Some key takeaways on how Black Harbor Financial helps its clients include:
- Creating personalized financial plans based on individual goals and risk tolerance.
- Offering a wide range of financial services to meet various client needs.
- Providing transparent and competitive fee structures.
- Having a team of experienced and knowledgeable advisors to guide clients towards their financial goals.
Facts and Insights:
Based in New York City, Black Harbor Financial was founded in 2005 and has since grown to manage over $500 million in assets under management (AUM). With over 20 advisors on their team, the firm serves a diverse mix of clients, including high-net-worth individuals, families, and small business owners.
Assets Under Management, Number of Advisors and Time in Business:
| Year Founded | Number of Advisors | AUM |
|---|---|---|
| 2005 | 20+ | $500 million+ |
This table reflects the growth of Black Harbor Financial over the past 15 years, showcasing their successful track record and stable team of advisors.
Financial Services Offered:
Black Harbor Financial offers a comprehensive range of financial services to address the diverse needs of their clients. These services include:
- Financial planning and goal setting
- Portfolio management and investment advice
- Tax planning and strategy
- Retirement planning and income distribution
- Estate planning and wealth transfer
With a team of experienced and knowledgeable advisors, Black Harbor Financial is able to provide personalized solutions to help clients achieve their financial goals.
Client Types:
Black Harbor Financial caters to a wide range of client types, including:
- High-net-worth individuals and families
- Small business owners and entrepreneurs
- Corporate executives
- Retirees
- Trusts and estates
By serving a diverse mix of clients, Black Harbor Financial is able to tailor their services to meet the specific needs of each client.
Fees & Compensation:
Black Harbor Financial has a transparent fee structure, with fees based on a percentage of AUM. This percentage can range from 0.75% to 1.50%, depending on the size of the client’s portfolio. The firm also offers hourly, project-based, and retainer-based fee structures for specific services.
The firm does not receive any commissions or third-party payments, ensuring that their advisors are solely focused on the best interests of their clients.
Background:
The founders of Black Harbor Financial have over 30 years of combined experience in the financial services industry. With a focus on building long-term relationships with their clients, the firm has become a trusted and reputable advisor in the industry.
In addition, the firm has a strong commitment to giving back to the community, with a portion of their profits going towards various charitable causes.
Financial Advisor Disclosures to Know:
As a registered investment advisor, Black Harbor Financial is required to abide by the fiduciary standard, which means they must always act in the best interests of their clients. They also have a clean record with no disciplinary actions or regulatory sanctions.
Clients can also access the firm’s Form ADV, which provides detailed information on fees, services, and potential conflicts of interest.
Overall, Black Harbor Financial is a reliable and reputable financial expert, dedicated to helping clients achieve their financial goals. With a strong track record and a commitment to transparency and ethical practices, clients can trust that they are in good hands with Black Harbor Financial.