Harbor Group International, LLC is a large advisory firm based in Norfolk. It manages $1.01 billion of regulatory assets for 100 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Maryland, New York, and Virginia.
Harbor Group International provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Harbor Group International, LLC is $1.01 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 137% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Harbor Group International, LLC for their services and products based on a percentage of assets under management. 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.
The only and largest group of clients of Jr. Thomas Richard Litton is pooled investment vehicles with 100 clients and $1.01 billion of assets under management. Among the 5 most similar advisory firms, Harbor Group International has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $1.01 billion for 100 clients. None of the firm’s clients are foreign persons or businesses.
Harbor Group International also advises several private funds. Namely, one hundred private equity funds. The minimum investment commitment required of non-related persons ranges from $100 to $30,299,642.
The company employs 78 people that are either part- or full-time employees. 41 percent of the employees work as investment advisers or researchers. No 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.
Jr. Thomas Richard Litton has been acting as President since 1 Jul 2007. Jordan Eric Slone joined the executive team most recently as the Manager, Member Hggp Capital Xi, Llc (Relying Adviser).
The principal office where Harbor Group International, LLC performs its advisory services is located at 999 Waterside Drive, Norfolk, VA 23510, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 757-640-0800. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at harborgroupint.com.