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Harbor Investment Advisory, LLC

Multifamily office listing in Lutherville, Maryland, United States.

  • SEC-registered
  • Founded 2009
Regulatory AUM
$6.9 billion
Employees
35
Clients
1-10
Founded
2009

Harbor Advisory is an independent financial advisory firm providing investment, wealth management, and retirement plan guidance across the United States.1

Overview

Harbor Investment Advisory, LLC operates as Harbor Advisory and serves individuals, families, institutions, and organizations with investment management, wealth planning, private banking, family office support, portfolio design, and wealth advisory services.1

History

The firm reports that Harbor Advisory was founded in 2009 to provide investment and wealth management solutions for individuals, families, and institutions.1

Leadership

- Fred C. Hill, Jr., Managing Principal and Chief Executive Officer - Raymond P. Dean, Director and Chief Financial Officer - Will Schadty, Director and Chief Compliance Officer - Ryan R. Cuomo, Director and Chief Operating Officer - Ellen M. Pierce, President and Managing Director2

Services

Harbor’s private wealth practice serves high net worth clients, affluent families, corporate executives, business owners, and families with unique circumstances.1

Its institutional wealth advisory practice supports ultra high net worth clients, family offices, generational wealth planning, private foundations, donor advised funds, and nonprofit organizations.1

The firm provides retirement plan consulting for corporate retirement plans, 401(k) and 403(b) defined contribution plans, nonqualified deferred compensation plans, profit sharing plans, and participant education.1

Harbor states that it has no internal proprietary products and selects public and private investment solutions from a broad range of research and asset management providers.1

What the firm offers

  • Investment management
  • Financial planning
  • Philanthropy
  • Business owner services
  • Retirement planning

Client Focus

Harbor works with individuals, families, institutions, high net worth and ultra high net worth clients, corporate executives, business owners, family offices, private foundations, donor advised funds, nonprofit organizations, and employers sponsoring retirement plans.1

Approach

The firm describes its philosophy as objective advice, personalized long term relationships, disciplined investment management, integrity, and putting clients’ interests first.1

Harbor reports recognition in Forbes America’s Top RIA Firms for 2025 for the fourth consecutive year.1

Registration

The SEC Form ADV identifies Harbor Investment Advisory, LLC as an SEC registered investment adviser with SEC file number 801-70893 and CRD number 151085.3

By the numbers

Regulatory AUM by year$0K$1.9B$3.8B$5.7B$7.6B2016201720182019202020212022202320252026
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 151085. As of .
Regulatory assets under management
YearRegulatory AUMDiscretionaryNon-discretionary
2016$1.3 billion$499 million$816 million
2017$1.5 billion$546 million$925 million
2018$2.1 billion$917 million$1.2 billion
2019$2.3 billion$1.1 billion$1.3 billion
2020$2.8 billion$1.3 billion$1.5 billion
2021$3.7 billion$1.7 billion$2.0 billion
2022$4.7 billion$2.3 billion$2.3 billion
2023$4.2 billion$2.1 billion$2.2 billion
2025$6.0 billion$3.2 billion$2.8 billion
2026$6.9 billion$3.7 billion$3.2 billion
Average AUM per client by year$0K$534K$1M$2M$2M20182019202020212022202320252026
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 151085. Regulatory AUM divided by the client count reported in Item 5D. Client types reported as fewer than 5 are not counted, so this is approximate. As of .
Average AUM per client
YearAverage AUM per client
2018$1 million
2019$1 million
2020$1 million
2021$1 million
2022$2 million
2023$1 million
2025$2 million
2026$2 million
Clients by type (2026)High net worth individuals2,036Individuals1,321Charities80Pension plans75Corporations28
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 151085. "<5" means the firm reported fewer than 5 clients of that type. As of .
Clients by type
Client typeClients (2026)
Individuals1,321
High net worth individuals2,036
Pension plans75
Charities80
Corporations28
Employees by year0101929382016201720182019202020212022202320252026
Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 151085. As of .
Employees reported on Form ADV
YearEmployees
201622
201722
201829
201929
202029
202130
202230
202334
202534
202635

Ranks #2 of 5 SEC-registered firms in MD on MultifamilyOffices.com by regulatory AUM.

Source: SEC Form ADV data (Part 1A, Items 5A, 5D, 5F) via SEC Information About Registered Investment Advisers files and IAPD, CRD 151085. Ranking uses only firms profiled on MultifamilyOffices.com. As of .

FAQs

Who does Harbor Advisory serve?

Harbor serves individuals, families, institutions, high net worth and ultra high net worth clients, business owners, corporate executives, family offices, foundations, nonprofits, and retirement plan sponsors.1

What services does Harbor Advisory provide?

Its services include investment management, wealth planning, private banking, family office support, portfolio design, wealth advisory, and retirement plan consulting.1

Does Harbor Advisory use proprietary investment products?

Harbor states that it has no internal proprietary products and selects public and private investment solutions from a broad range of research and asset management providers.1

  • LocationMultifamily offices in Maryland

    This page helps Maryland based families compare multifamily office options while considering investment management, financial planning, and retirement needs. It may help a family or business owner place Harbor Advisory's nationwide advisory context alongside firms serving a nearby regional market.

  • Network siteFamilyBusinesses.com

    FamilyBusinesses.com offers directories and practical playbooks for owners managing closely held companies. A business owner considering Harbor Advisory can use it to frame questions about succession, philanthropic priorities, liquidity, and the relationship between personal wealth and business planning.

  • Network siteFamilyOfficeDatabases.com

    FamilyOfficeDatabases.com provides reference lists of family offices and investors. Readers can use those databases to understand the types of institutions that may coordinate with an advisory firm on investment management, philanthropy, retirement planning, or business owner services across the United States.

  • GuideQuestions to ask a multifamily office

    This question guide gives families and business owners a structured way to assess an advisory relationship before scheduling deeper discussions. It can help readers ask about investment management, financial planning, retirement guidance, philanthropy, fees, communication, and experience serving clients with complex personal or business needs.

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    These profiles provide comparison points for readers reviewing Harbor Advisory's service mix. Verdence Capital Advisors, Chevy Chase Trust Company, and Family Office Research, LLC can help a family or business owner identify questions about wealth management, planning scope, client focus, and how an advisory firm works with other professionals.

Sources

  1. https://harborinvestmentadvisory.com/
  2. https://harborinvestmentadvisory.com/management-team/
  3. https://reports.adviserinfo.sec.gov/reports/ADV/151085/PDF/151085.pdf

Claim or correct this profile

This profile is a factual summary written in our own words from public sources. It is for information only. It is not an endorsement, rating, ranking or recommendation, and it is not investment advice. MultiFamilyOffices.com is not affiliated with the SEC or with this firm unless stated. Form ADV figures are self-reported by the firm.

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