Overview
A) History and Ownership
Harbor Advisory Corporation (“Harbor” and also doing business as “Harbor Advisory”), an SEC
registered investment adviser located in Portsmouth, New Hampshire, has been providing
personalized investment management services to individuals, families, foundations, trusts, estates,
charitable organizations, pensions and profit-sharing plans, and corporations since 1972.
Harbor is completely employee owned. Its owners are Weld R. Butler, John J. De Gan, and Daniel
R. Zibinskas.
B) Advisory Services Offered
Harbor offers discretionary investment management of equity, balanced, and fixed income
portfolios. Investment management clients can expect Harbor to offer advice on retirement
planning, estate planning, educational funding, insurance issues, debt management, and tax
planning as they relate to portfolios. Harbor does not practice law nor do we prepare tax returns.
Harbor actively coordinates with tax, legal and other professional advisors on behalf of its clients.
Retirement Accounts – When deemed to be in the Client’s best interest, the Advisor will
recommend that a client take a distribution from an ERISA sponsored plan or to roll over the assets
to an Individual Retirement Accounts (“IRAs”), or recommend a similar transaction including
rollovers from one ERISA sponsored Plan to another, one IRA to another IRA, or from one type
of account to another account (e.g. commission-based account to fee based account). In such
instances, the Advisor will serve as an investment fiduciary as that term is defined under The
Employee Retirement Income Security Act of 1974 (“ERISA”) and/or
the Internal Revenue Code
(“IRC”), as applicable, which are laws governing retirement accounts. Such a recommendation
creates a conflict of interest if the Advisor will earn a new (or increase its current) advisory fee as
a result of the transaction. No client is under any obligation to roll over a retirement account to an
account managed by the Advisor.
C) Individualized Investment Management
Harbor renders portfolio management services by working with each client to develop an
individualized asset allocation plan based on each client’s risk profile and individual needs,
including the extent and nature of the client’s assets, tax and estate needs, and other
considerations. Portfolios are designed to fulfill specific objectives of individual clients and may
or may not resemble portfolios of other clients depending on each client’s risk profile, tax profile
or other individual requirements. Clients who wish to impose restrictions on investing in certain
securities or types of securities (due to specific philosophical or ideological objections to certain
companies or industries or otherwise) can instruct their portfolio manager to avoid or eliminate
these investments from their portfolio.
D) Wrap Fee Programs
Harbor DOES NOT participate in wrap fee programs.
E) Discretionary Investment Management
As of December 31, 2023, Harbor managed $402,797,487.62 in client assets, $402,144.674.90 of
w h i c h a r e m a n a g e d on a discretionary basis and $652,812.72 on a non-discretionary
basis. Clients may request more current information at any time by contacting the Advisor.