Wealthharbor Capital Group, LLC (Metairie)

Name: Wealthharbor Capital Group, LLC
Address: 433 Metairie Rd, Metairie, LA, 70005
Telephone: 504-482-1962

Wealthharbor Capital Group, LLC is a large advisory firm based in Metairie. It manages $197.55 million of regulatory assets for 330 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Florida, Indiana, Louisiana, and 4 other states.

Wealthharbor Capital Group provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm also engages as 401(k) plans.

Wealthharbor Capital Group: assets under management

The assets under management (AUM) of Wealthharbor Capital Group, LLC is $197.55 million. The firm's AUM has grown by 450% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $188.65 million in discretionary accounts and $8.9 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $584.05 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.27 million.

Investments

The firm invests in exchange traded securities the most. They account for 87% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 8% of the firm’s portfolio. Investments in investment grade corporate bonds form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wealthharbor Capital Group, 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 Wealthharbor Capital Group 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 Wealthharbor Capital Group is pension and profit sharing plans with 63 clients and $102.14 million of assets under management. Among the 9 most similar advisory firms, Wealthharbor Capital Group has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $197.55 million for 198 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.

Wealthharbor Capital Group doesn't advise any private funds.

Careers at Wealthharbor Capital Group, LLC

The company employs 6 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 8 people 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
Scott Irvin Grandbouche	Managing partner, chief compliance officer	1 Feb 1999	50% - 75%	826673
Geoffrey Harden Sebold	Partner	1 Feb 1999	50% - 75%	1057358
Geoffrey Harden Sebold	Partner, chief compliance officer	1 Oct 2004	50% - 75%	1057358

Based in Metairie

The principal office where Wealthharbor Capital Group, LLC performs its advisory services is located at 433 Metairie Rd, Metairie, LA 70005, 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 504-482-1962 or by fax 504-267-9881. The normal business hours are 8:30-5:00 on Monday - Friday. You can find more information about the New York firm at wealthharbor.com.