Harfst And Associates, Inc. (Ashland)

Name: Harfst And Associates, Inc.
Address: 1970 Ashland Street, Ashland, OR, 97520
Telephone: 541-488-2634

Harfst And Associates, Inc. is a large advisory firm based in Ashland. It manages $414.61 million of regulatory assets for 1,170 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of California, Colorado, Connecticut, and 9 other states.

Harfst And Associates provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Harfst And Associates: assets under management

The assets under management (AUM) of Harfst And Associates, Inc. is $414.61 million. The firm's AUM has grown by 130% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $383.27 million in discretionary accounts and $31.34 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $331.26 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.41 million.

Investments

The firm invests in investment and business development companies the most. They account for 40% of the total AUM. The second-largest asset type is exchange traded securities, which make up 40% of the firm’s portfolio. Investments in government bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Harfst And Associates, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Robby Dean Harfst serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Robby Dean Harfst is high net worth individuals with 73 clients and $264.2 million of assets under management. Among the 10 most similar advisory firms, Harfst And Associates has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $414.58 million for 424 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Harfst And Associates doesn't advise any private funds.

Careers at Harfst And Associates, Inc.

The company employs 8 people that are either part- or full-time employees. 25 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Robby Dean Harfst has been acting as President since 1 Jul 2007. Danette Josephine Harfst joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robby Dean Harfst	President/chief compliance officer	1 Jul 2007	75% - 100%	2319056
Danette Josephine Harfst	Chief operating officer	1 Dec 2010	Other	6026186

Based in Ashland

The principal office where Harfst And Associates, Inc. performs its advisory services is located at 1970 Ashland Street, Ashland, OR 97520, which is also the mailing address of the firm. An additional office of the firm is in Jacksonville, OR. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 541-488-2634 or by fax 541-488-0599. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at harfstandassociates.com.