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Harbour Investments Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Harbour Investments, Inc.

Harbour Investments, Inc. is a financial advisor firm with headquarters in Madison, Wisconsin. Harbour isn't a stand-alone operation, as it partners with independent financial advisor firms to provide them various advisory and business support services. So while you can't work directly with Harbour, you can work with one of the 180 or so independent advisors in its network.

Overall, this firm oversees a ton in assets under management (AUM). It works with a wide variety of firms, who, in turn, work with a broad array of clients. This is also a fee-based firm, as some of its advisors can receive commissions from securities sales.

Harbour Investments Background

Harbour Investments first opened back in 1987. Nick W. Sondel is the firm's principal owner, as well as its founder. The firm originally started as a broker-dealer and it still acts as one today. However, the firm has also continued to add independent advisors and firms to its network over the years, many of which have worked with Harbour for decades. Advisory certifications at this firm vary widely.

Harbour Investments Client Types and Minimum Account Sizes

Harbour Investments works with clients indirectly through its network of independent advisors and firms. Through these firms, the vast majority of its clients are individuals with less than a high net worth. Its network of advisors also works with high-net-worth individuals, pension and profit-sharing plans, charities, state and municipal governments, insurance companies and businesses.

Harbour tends to have a $5,000 minimum investment for its services. However, different advisors and programs may have separate minimums.

Services Offered by Harbour Investments

Harbour Investments provides business support to a network of independent financial advisor firms. They allow these advisors to access the benefits and tools of a large advisory firm, while still retaining their independence. Through the use of Harbour's services and their own, these advisors mainly provide clients with investment management, financial planning and consulting services.

Harbour Investments offers wrap fee programs that its network of advisors can use to manage clients' assets. The management of these accounts range from discretionary to limited discretionary and non-discretionary. Harbour recommends investment strategies to go along with these programs, though advisors have the ability to change things as well.

Harbour Investments Investment Philosophy

The investment philosophy at Harbour Investments will ultimately depend on which investment advisor or firm you choose to work with. However, in every one of Harbour's sponsored programs, advisors look to the individual needs and objectives of each client to develop an investment strategy that works for them.

Since the advisors who work with Harbour are all independent, there isn't one overarching investment strategy that reigns over others. For example, some advisors may use fundamental analysis, whereas others may focus on technical analysis. Different advisors use different investing styles and time horizons too.

Fees Under Harbour Investments

Clients who use Harbour Investments' financial planning and consulting services are charged either a flat or hourly fee. Hourly fees range from $50 to $300 per hour, while fixed fees typically fall somewhere between $200 to $2,500.

Investment management fees, on the other hand, are determined on a case-by-case basis. Different advisory firms may have different fee schedules, so it's important to understand how a specific advisor will charge you before you hand your money to them.

What to Watch Out For

Harbour Investments has one regulatory disclosure listed on its Form ADV. This disclosure is related to an issue from 2018 where the firm failed to fully disclose third-party compensation it was receiving from an outside broker-dealer. As a result of this finding, the SEC fined Harbour $75,000. The firm also submitted to censure, a disgorgement of $157,327 and a cease-and-desist order.

Some of the advisors associated with Harbour are also registered as broker-dealer representatives. In this role, these advisors may be able to earn commissions for specific products they sell to clients. While this creates a potential conflict of interest, the firm's fiduciary duty requires it to act in clients' best interests at all times.

Opening an Account With Harbour Investments

You cannot open an account directly with Harbour Investments, but you can work with one of its partnered advisors. To find an option near you, go to Harbour's website and submit a contact form. You can also call the firm at (608) 662-6100.

All information is accurate as of the writing of this article.

Tips for Finding a Financial Advisor

  • SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
  • If you're looking for additional options in your area beyond this firm, take a look through SmartAsset's list of the top financial advisors in Madison, Wisconsin.

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research