Stage Harbor Financial, LLC (Needham)


Stage Harbor Financial, LLC is a large advisory firm based in Needham. It manages $543.23 million of regulatory assets for 743 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Connecticut, Florida, and 7 other states.

Stage Harbor Financial provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Stage Harbor Financial: assets under management

The assets under management (AUM) of Stage Harbor Financial, LLC is $543.23 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 22% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $543.23 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $731.13 thousand each.
Stage Harbor Financial has custody of $509.38 million in cash and securities for 161 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 79% of the total AUM. The second-largest asset type is exchange traded securities, which make up 8% of the firm’s portfolio. Investments in other assets form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Stage Harbor Financial, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Stage Harbor Financial serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Stage Harbor Financial is high net worth individuals with 122 clients and $523.85 million of assets under management. Among the 10 most similar advisory firms, Stage Harbor Financial has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $542.45 million for 177 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.

Stage Harbor Financial doesn't advise any private funds.

Careers at Stage Harbor Financial, LLC

The company employs 7 people that are either part- or full-time employees. 86 percent of the employees work as investment advisers or researchers. 6 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 compensates 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
Andre Matos Fernandes Managing member 1 Feb 2018 50% - 75% 4726283
Matthew Douglas Biggar Managing member 1 Feb 2018 50% - 75% 4506461
Rosemarie Na Ranzie Chief compliance officer 1 Jun 2018 Other 5236178
William Francis Lefavor Managing member 1 Dec 2018 Other 5042095

Based in Needham

The principal office where Stage Harbor Financial, LLC performs its advisory services is located at 197 First Avenue, Needham, MA 02494, 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 (781) 934-3130 or by fax 781-610-9000. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at stageharborfinancial.com and its LinkedIn profile.