Harbor Island Capital LLC (Topsfield)

Harbor Island Capital LLC is a large advisory firm based in Topsfield. It manages $102.47 million of regulatory assets for 18 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Massachusetts and New Hampshire.

Harbor Island Capital provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Harbor Island Capital: assets under management

The assets under management (AUM) of Harbor Island Capital LLC is $102.47 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 107% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $102.47 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.69 million each.

Investments

The firm invests in exchange traded securities the most. They account for 95% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Harbor Island Capital 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.

What kind of clients Harbor Island Capital serves?

The only and largest group of clients of Harbor Island Capital is high net worth individuals with 12 clients and $91.66 million of assets under management. Among the 8 most similar advisory firms, Harbor Island Capital has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $91.66 million for 12 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.

Harbor Island Capital doesn't advise any private funds.

Careers at Harbor Island Capital LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Paul David Fortin	Owner/member/chief compliance officer	1 Jan 1999	75% - 100%	4338150

Based in Topsfield

The principal office where Harbor Island Capital LLC performs its advisory services is located at 7 Grove Street, Topsfield, MA 01983, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 978-887-3174 or by fax 978-887-3176. The normal business hours are 9 a.m. - 5 p.m. on Monday - Friday.