Harbor Investment Advisory
Harbor Family Office and UHNW Advisory

Family Office and Ultra High Net Worth

Specialize in simplifying the unique and complex needs of ultra-high net worth families, private foundations and nonprofit organizations

Focused Relationships

We focus on a limited number of client relationships in order to provide highly customized advice and exceptional service. With decades of experience navigating various market conditions, we offer our perspective, discipline and access to premier investment solutions to assist in the proper stewardship of your assets. We counsel clients with attention to detail in collaboration with your tax and legal professionals on managing the complexities of your wealth.

Who We Serve:

  • Ultra High Net Worth Families
  • Family Offices
  • Private Foundations
  • Nonprofit Organizations

Areas of Expertise:

  • Investment Portfolio Design and Management
  • Manager and Investment Due Diligence
  • Fixed Income Management with Individual Bonds
  • Private and Public Fund Manager Analysis
  • Prudent Investor Standards
  • Consolidated Custom Reporting
  • Lending Facilities
  • Concentrated Stock Management
  • Restricted Securities (Rule 144 and Rule 10b5-1 Plans)
  • Data Aggregation on Private Holdings

Families and Individuals

Providing comprehensive investment portfolio management and wealth advisory solutions for families seeking personalized service.

  • Investment Portfolio Design
  • Collaborate with Tax and Estate Planning Professionals
  • Philanthropic Planning
  • Donor Advised Funds
  • Concentrated Stock Management
  • Generational Stewardship
  • Lending Facilities
  • Consolidated Reporting with Account and Data Aggregation

Corporate Executives

Executives of public companies have specific needs requiring careful execution and compliance in their company stock holdings.

  • Concentrated Stock Management
  • Restricted Securities
  • Rule 144 Transactions
  • Rule 10b5-1 Plans
  • Evaluation of Stock Option Elections
  • Lending Facilities
  • Pre-IPO Planning

 

Complex Trusts

Guiding Trustees in their fiduciary duty regarding the prudent management of a variety of trust structures.

  • Revocable Trusts
  • Irrevocable Trusts
  • Irrevocable Life Insurance Trusts
  • Grantor Retained Annuity Trusts
  • Charitable Trusts
  • Dynasty Trusts

Family Office Services

There are many ways to structure a family office to include creating your own in-house entity, outsourcing to a multi-family office, and/or a combination of carefully selected service providers. We partner with family offices to support an effective and customized framework, which involves the coordination of your internal administration with select tax, legal and investment professionals. This approach provides the flexibility to utilize those independent services most important to your needs and engage only those professionals that you feel comfortable advising your family.

We Operate as an Extension of your Family Office Team

  • Design, Implement and Oversee Custom Investment Portfolio
  • Due Diligence on Public and Private Market Investments
  • Coordinate Tax, Legal and Investment Planning
  • Monitor Compliance with Estate, Entity Structure and Asset Movements
  • Provide Lending Facilities
  • Assist on Family Governance and Generational Stewardship
  • Asset Movement Compliance for Gifting, Estate Plan, Tax, Trusts and LLCs
  • Coordinate Philanthropic Assets in Private Foundations and/or Donor Advised Funds
  • Data Aggregation and Customized Reporting on Public and Private Holdings
  • Restricted Security Transactions and Regulatory Filings
  • Manage Special Mandates and Projects as Needed

Private Foundations

To maximize your philanthropic impact a private foundation is an ideal forum to perpetuate generational unity, values, morals and social consciousness through the ongoing support of those causes deemed important to the family. We work closely with the founders and leaders of private foundations to execute effective asset management and administrative support.

Donor Advised Funds (DAF)

In designing your charitable giving plan, a Donor Advised Fund may be the right structure to facilitate your giving and/or to compliment your private foundation. This approach provides maximum flexibility in a cost effective structure.  Our team can guide you in determining if a DAF is the right approach to efficiently support your overall wealth planning.

Managing Charitable Assets

  • Balance Current Distributions and Future Growth
  • Investment Portfolio Design
  • Prudent Investor Rule Considerations
  • Investment Policy Statement
  • Required Distribution Targets
  • Risk and Return Parameters
  • Projected Cash Flow
  • Liquidity Needs
  • Concentrated Stock Management
  • Grant Administration Assistance
  • Environmental, Social and Governance (ESG)
  • Program Related Investments (PRI)
  • OCIO Capabilities
  • Consolidated Reporting with Account and Data Aggregation

Nonprofit Organizations

With a long history of advising nonprofit organizations, we offer a holistic approach to helping clients strike a balance between risk tolerance, growth prospects and distribution objectives in keeping with your organization’s purpose. We provide ongoing guidance in mission advancement with fiduciary review and support.

  • Investment Portfolio Design
  • UPMIFA Considerations
  • Investment Policy Statement
  • Risk and Return Parameters
  • Projected Cash Flow
  • Liquidity Needs
  • Environmental, Social and Governance (ESG)
  • Consolidated Reporting with Account and Data Aggregation

Discipline, Patience and Time

After your investment portfolio is designed and implemented, there exists the potential for market movements to affect investor behavior. This dynamic, called “behavioral finance”, is the emotional reaction and subsequent adjustments made to your portfolio during extreme market cycles, which can be detrimental to achieving your long term objectives and have can have a significant impact on your performance.

Investment Principles

  • Clearly Define Your Investment Objectives
  • Consider the Purpose, Risk and Return Parameters of the Various Asset Classes
  • Design and Maintain a Prudent Asset Allocation Based on Your Objectives
  • Diversify Among Public and Private Non-correlated Investments and Asset Classes
  • Perform Due Diligence on Investments and Managers Based on Full Market Cycles
  • Systematic Portfolio Rebalancing Can Avoid Emotional Reactions to Severe Market Conditions
  • Maintain a Long-Term Orientation
  • Recognize that Market Directions are Impossible to Predict
  • Don’t Let the Media Influence Decision Making
  • Time Allows a Strategy the Opportunity to Perform Over Time

Your Advisory Team

Phone: 410-659-8915

Contact Us
Robert W. Black, III

Managing Director,
Financial Advisor

Andrew Sullivan, CIMA®, CPWA®

Director,
Financial Advisor

Katrina Kunkler

Director,
Chair of Investment Committee

Alexander "Zandy" Rainold

Director,
Senior Wealth Strategist

Pete Marchineck

Client Relationship Manager