Harbour’s unique no program / administrative fee advisory platform was created to give advisors the low cost options you need to succeed. Advisors have the ability to customize fee schedules including who pays the trading costs. Also, advisors can choose between individual ticket charges or asset based pricing. We understand all this flexibility can be confusing, that is why during your transition preparation our team will review your situation and customize a solution for you. Harbour’s RIA current preferred custodians are:
Pershing Advisor Solutions (PAS) – $8.50 Stock and ETFs trades, a large list of No Transaction Fee (NTF) Mutual Funds, and low cost alternative investments. PAS offers modeling and trading tools that will help to create the efficiency you need to stay competitive in the industry. This is a popular choice with advisors familiar with Pershing Retail Brokerage.
Schwab Institutional – $0.00 Stock & ETF trades. Schwab offers a Portfolio Rebalancer that is a trading tool to help you process block trades and streamline your practice. Schwab Advisor Center provides access to a wide range of investment research content and tools to help you interpret the market and select appropriate securities for your clients.
Harbour has many options for advisors who wish to outsource their investment management, with both direct contracts with money managers and access to multiple Turn Key Asset Management Platforms (TAMP) giving access to even more money managers. Harbour’s most popular TAMPs include TD Ameritrade’s UMAX, Lockwood Advisors, Envestnet, and FTJ Fund Choice.
Model Market Center: Schwab helps approach portfolio construction without having to do all the modeling yourself. Start by searching more than 500 pre-built models from third-party asset managers. If you find a model that meets your client’s needs, you can apply it to their account and rebalance using iRebal.
Pershing LLC’s Lockwood Advisors: Affiliate of Pershing LLC, Lockwood has evolved to offer multiple fee-based investment solutions — all grounded in the same disciplined investment philosophy. Lockwood combines their expertise in capital markets analysis, portfolio construction and money manager research.
Envestnet: Envestnet Asset Management is one of the largest providers of wealth management solutions in the financial industry and provides more than 14,000 financial advisors with a broad range of investment management products and services.
Orion Portfolio Solutions (Formerly FTJ ): Advisors can manage existing portfolios with over 1800 no-load and load-waived mutual funds or they may use one of the industry leading institutional advisory firms to build custom portfolios for their clients.
Harbour Traded Models: If you don’t want to trade but want a low cost platform Harbour can help with access to several institutional managers strategies for their asset allocation models.
Harbour’s Planning and Consulting Program allows IARs to be compensated for consulting services. As an IAR of Harbour, you can charge clients, or prospective clients, for reviewing portfolios, as well as for providing advice on a number of financial topics. Example of Financial Topics Covered Within Consulting Program:
Harbour works with many advisors who have their own RIA and those who were looking to form their own RIA. Harbour offers many value added services and has a very competitive supervision fee that is based on your advisory fees not assets. However, every situation is unique so call Harbour today!