Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Publication of Periodicals or Newsletters
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pension & Profit Sharing Plans
- Charitable Organizations
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
Private Harbour Investment Management & Counsel LLC. Overview
Private Harbour Investment Management & Counsel LLC is a fee-based registered investment advisory firm that has been in business since 2008. Their headquarters is located in Solon, OH. They offer investment advice services only, including financial planning and portfolio management for individuals and small businesses. In addition to these services, the firm also publishes periodicals or newsletters to keep their clients up-to-date on market trends and other relevant information. As a fee-based firm, Private Harbour Investment Management & Counsel LLC charges their clients a fee for their services rather than earning commission from financial products they sell. This ensures that their advice is solely focused on the best interests of their clients and not driven by commissions. With over a decade of experience in the industry, the firm has established themselves as a trusted source of investment advice, providing clients with personalized financial planning and portfolio management strategies designed to meet their unique needs. Private Harbour Investment Management & Counsel LLC caters to a wide range of clients, including both individual investors and small businesses. Their portfolio management services are tailored to help clients grow and protect their wealth, with an emphasis on risk management and diversification. Thanks to their commitment to providing high-quality investment advice and personalized service, Private Harbour Investment Management & Counsel LLC has built a reputation as a leading registered investment advisory firm in Ohio and beyond.
PRIVATE HARBOUR INVESTMENT MANAGEMENT & COUNSEL LLC serves a diverse range of clients excluding select corporation types. Their clientele includes individuals, high net-worth individuals, pension or profit-sharing plans, and charitable organizations. They cater to the unique investment needs of each client by offering a range of financial services, including investment management, financial counseling, and other related services. When it comes to fee structures, PRIVATE HARBOUR INVESTMENT MANAGEMENT & COUNSEL LLC provides a percentage of assets under management (AUM) structure, which varies according to the type of service provided. This means that the fees charged depend on the amount of assets managed by the firm on behalf of the clients. The fee charged is usually a percentage of the total assets under management. The specific percentage charged also varies depending on the level of assets held by the client and the specific services requested. In general, clients with larger assets under management tend to be charged lower fees as a percentage of AUM. Additionally, the firm may also offer other fee options depending on the needs of each client.
Typical Clients, Fee Structures & Investment Minimum
According to PRIVATE HARBOUR INVESTMENT MANAGEMENT & COUNSEL LLC's Part 2 Brochure, there is no mention of an investment minimum. Therefore, it is unclear what the minimum investment requirement is for this firm.
How This Office Can Help Solon, OH Residents
Private Harbour Investment Management & Counsel, LLC is a financial advisory firm that helps clients in Solon, OH navigate the complexities of investing, retirement planning, and wealth management. They offer personalized solutions to clients based on their individual financial goals and needs. For those facing financial challenges, Private Harbour Investment Management & Counsel, LLC can provide guidance and support to help them reach their financial objectives. One of the common financial situations someone living in Solon, OH might face is retirement planning. Many people in Solon are nearing retirement age and are unsure how to best prepare for their financial future. Private Harbour Investment Management & Counsel, LLC offers retirement planning services that help clients save for retirement, maximize their Social Security benefits, and create a retirement income plan that suits their needs. Additionally, they help clients optimize their investment portfolio to ensure they have enough money to live the retirement lifestyle they desire. With the help of Private Harbour Investment Management & Counsel, LLC, Solon residents can overcome the financial challenges they may face and achieve their financial goals.
Services Offered by Private Harbour Investment Management & Counsel LLC.
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by Private Harbour Investment Management & Counsel LLC. most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Unavailable
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Subscription (Newsletter or Periodical)
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
- Mon 8:30 AM–5 PM
- Tue 8:30 AM–5 PM
- Wed 8:30 AM–5 PM
- Thu 8:30 AM–5 PM
- Fri 8:30 AM–5 PM
- Sat Closed
- Sun Closed
Other Office Locations
This firm has no other locations.
State Registrations
Private Harbour Investment Management & Counsel LLC. is registered to service clients in the following states:
- Florida
- Ohio
- Texas
- Virginia
Disciplinary History
Private Harbour Investment Management & Counsel LLC. does not have any disclosures. Please visit it's Form ADV for more details.