Harbor Investment Advisory
Harbor Institutional Advisory

The Black Sullivan Group

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

Our Practice

With decades of experience navigating various market conditions, we offer our perspective, discipline, focus 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
  • Private Foundations
  • Nonprofit Organizations
  • Corporate Executives
  • Complex Trusts
  • Limited Liability Companies

Areas of Expertise:

  • Investment Portfolio Design and Management
  • Manager and Investment Due Diligence
  • Fixed Income Management with Individual Bonds
  • Prudent Investor Standards
  • Comprehensive Reporting
  • Lending Facilities
  • Concentrated Stock Management
  • Restricted Securities (Rule 144 and Rule 10b5-1 Plans)
  • ESG and Impact Investing Capabilities
  • Consolidated Reporting with Account and Data Aggregation

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 Education
  • 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

 

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 Remainder Trusts
  • Dynasty Trusts

Private Foundations

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 on effective asset management and administrative support.

  • 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 in supporting nonprofit organizations, we offer a holistic approach to helping clients strike a balance between risk tolerance and growth objectives in keeping with your organization’s needs. 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

Family Office Framework

There are many ways to structure a family office including creating your own in-house entity, outsourcing to a single service provide, or engaging various service providers. For most families the Virtual Family Office model is an effective framework, which involves the coordination of your 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.

Structural Considerations

There is no one-size-fits-all approach, as each family office has unique circumstances, priorities and sensitivities. Regardless of the structure, common approaches include:

  • Design to Suit Your Family Needs
  • Seek Flexibility, Control and Privacy
  • Focus, Expertise and Stability of Providers
  • Objectivity to Represent Your Best Interests
  • Coordinated Tax, Legal and Investment Planning
  • Tailor Generational Stewardship Messaging
  • Manage Your Philanthropic Endeavors
  • Efficient and Reasonable Cost Structure
  • Consolidated Reporting with Account and Data Aggregation

Behavioral Finance

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.

Disciplined Investment Principles

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

Your Advisory Team

Phone: 410-659-8915

Contact Us
Robert W. Black, III

Managing Director,
Financial Advisor

Andrew Sullivan, CIMA®

Vice President,
Financial Advisor

Katrina Kunkler

Vice President,
Director of Research

Emily Doratt

Client Relationship Manager

Topical Information

Endowments and Foundations

Annual Survey of Asset Allocation and Performance by BNY Mellon

Learn More
Family Offices

Analysis of the Future of Family Office Presented by Bloomberg

Learn More
Weath Report

Annual Report on the State of Global Wealth by Wealth-X

Learn More

Business Continuity PlanPrivacy PolicyForm ADV Part 2AForm ADV Part 2A Wrap FeeForm CRSRegulation BIFINRA BrokerCheckMember FINRAMember SIPC

© 2019 Copyright by Harbor Investment Advisory, LLC
All rights reserved to site content. Website by PinkPoint Media