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Harding Loevner 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.

Harding Loevner is a fee-only investment advisor focused on investing in publicly traded global equities. The financial advisor provides advice within multi-manager wealth management programs. The firm offers a wide range of investment strategies that have variable minimums to be included in them. Many of these strategies focus on equities.

Harding Loevner Background

Harding Loevner was founded in 1989. The firm operates independently of Affiliated Managers Group, Inc., a company that owns the firm’s general partner. Additionally, a considerable distinction worth noting is that Harding Loevner primarily provides investment advice, and none of its advisors receive third party commissions.  

Harding Loevner Client Types and Minimum Account Sizes

Harding Loevner provides advice to a range of clients, including individuals, foundations and endowments, sovereign wealth funds, religious institutions, retirement plans, trusts, broker-dealers, banks, investment advisors, insurance companies and mutual funds (Harding Loevner Funds, Inc.). The firm also serves as a sub-advisor to collective investment trust funds, offshore funds and external mutual funds. 

Minimum account sizes vary by strategy:

  • Global Equity (ordinary shares): $10,000,000
  • Global Equity (ADRs): $1,000,000
  • World Equity: $10,000,000
  • Multi-Asset Global: $10,000,000
  • International Equity (ordinary shares): $10,000,000
  • International Equity (ADRs): $1,000,000
  • EAFE Equity: $10,000,000
  • International Small Companies Equity: $10,000,000
  • Global Small Companies Equity: $10,000,000
  • Emerging Markets Equity: $50,000,000
  • Frontier Emerging Markets Equity: $50,000,000
  • Chinese Equity: $50,000,000
  • International Equity Research: $10,000,000
  • Global Equity Research: $10,000,000
  • Emerging Markets Research: $50,000,000

Clients interested in wrap programs will need to request the minimum investment amount from the program’s sponsor. For Harding Loevner mutual fund and sub-fund portfolios, the minimum amounts are specified in each fund’s prospectus. Clients interested in the firm’s collective investment trusts will need to contact the firm to request the minimum investment value.

Services Offered by Harding Loevner

Harding Loevner provides its clients with a wide selection of services, investment strategies and products. The firm offers portfolio management for individuals and/or small businesses, investment companies and pooled investment vehicles. 

  • Portfolio Management
  • Investment Strategies
    • Global equity (ordinary shares)
    • Global equity (ADRs)
    • World equity
    • Multi-Asset global
    • International equity (ordinary shares)
    • International equity (ADRs)
    • EAFE equity
    • Global small companies equity
    • International small companies equity
    • Emerging markets
    • Frontier emerging markets
    • International equity research
    • Global equity research
    • Emerging markets research
  • Products
    • Separately managed accounts
    • U.S. mutual funds
    • UCITS funds
    • Collective investment trusts

Investment Philosophy

Harding Loevner believes in taking a long-term investment approach in growing businesses, as well as using fundamental research to analyze both the competitive standing of individual companies and the structure of global industries. When investing on behalf of its clients, Harding Loevner looks for four key qualities in the companies it selects: quality management, competitive advantages, financial strength and sustainable growth potential. 

The firm’s research team has analysts that seek out high-quality companies on a worldwide level. It also has regional analysts who focus on companies in Japan and China, companies in frontier markets and companies in emerging markets.

Fees Under Harding Loevner

Harding Loevner bases its annual fee on the market value of AUM. In some cases the firm has a minimum fee. The fee schedules vary for different investment strategies, and it’s important to note that clients using certain strategies may be subject to a minimum quarterly fee.

Global Equity (ordinary shares), World Equity, Multi-Asset Global, International Equity (ordinary shares), EAFE Equity, International Equity Research and Global Equity Research Fee Schedule
AUM Fees
First $20,000,000 1.00%
Next $80,000,000 0.50%
Next $150,000,000 0.45%
Next $250,000,000 0.40%
Above $500,000,000 On request

 

Global Equity (ADRs) and International Equity (ADRs) Fee Schedule
AUM Fees
First $20,000,000 0.80%
Above $20,000,000 0.40%

 

Global Small Companies Equity and International Small Companies Equity Fee Schedule
AUM Fees
First $20,000,000 1.00%
Above $20,000,000 0.80%

 

Emerging Markets Equity and Chinese Equity Fee Schedule
AUM Fees
First $20,000,000 1.15%
Next $80,000,000 0.80%
Next $100,000,000 0.75%
Above $200,000,000 0.55%

 

Frontier Emerging Markets Equity Fee Schedule
AUM Fees
First $20,000,000 1.50%
Above $20,000,000 1.15%

 

Emerging Markets Research Fee Schedule
AUM Fees
First $20,000,000 1.25%
Next $80,000,000 0.90%
Next $100,000,000 0.75%
Above $200,000,000 0.55%

The firm also charges for wrap fee programs, model programs and other funds not related to Harding Loevner Funds, Inc. These fees differ from the firm’s standard fee schedules. When it comes to payment, Harding Loevner bills fees quarterly in advance. Clients will be able to pay the fees as soon as they’re billed. The firm also specifies each account’s terms in its investment management agreements, and either the firm or the client may terminate the agreement on at least 30 days written notice.

What to Watch Out For

Harding Loevner has no legal or regulatory disclosures listed on its SEC-filed Form ADV.

Opening an Account With Harding Loevner

Prospective clients will generally have a few options for opening an account with Harding Loevner. On its website, the firm provides a contact form that both existing and prospective clients can use to get in touch with a firm representative. You can also visit one of the firm’s physical locations, or you can call the firm’s headquarters. In addition, the firm provides an inquiry-related contact email.

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

Tips for Becoming a Better Investor

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  • Proper asset allocation is one of the key steps to achieving investment success. Whether you prefer passive or active investing, planning and strategy can make a difference between how much you spend and how much you earn. If you’d like a better idea of how much money you’d generate over time, consider using our investment calculator

How Long $1 Million 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.

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

Methodology We weighed potential expenditures for a prospective retiree with a  $1 million nest egg to assess how many years that fund would cover in retirement in America’s largest cities.

We 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 metro areas across the U.S.

We assumed the $1 million would grow at a net annual return of 2% after inflation. 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.