Harbor Ithaka Wm, LLC (Miami)

Name: Harbor Ithaka Wm, LLC
Address: 4040 Ne 2 Nd. Avenue, Miami, FL, 33137
Telephone: 305-755-7600

Harbor Ithaka Wm, LLC is a large advisory firm based in Miami. It manages $118.9 million of regulatory assets for 26 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of Florida.

Harbor Ithaka Wm provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. 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 Ithaka Wm: assets under management

The assets under management (AUM) of Harbor Ithaka Wm, LLC is $118.9 million. The firm's AUM has grown by 564% since the beginning of its operation, and $103.72 million of the total AUM is attributable to clients outside of the United States.

The firm manages $82.46 million in discretionary accounts and $36.44 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3.3 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $36.44 million.

Investments

The firm invests in pooled investment vehicles the most. They account for 36% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 26% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 23% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Harbor Ithaka Wm, LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Harbor Ithaka Wm serves?

The firm provides services to high net worth individuals, pooled investment vehicles, and banking or thrift institutions. The largest group of clients of Harbor Ithaka Wm is high net worth individuals with 21 clients and $86.62 million of assets under management. Among the 10 most similar advisory firms, Harbor Ithaka Wm has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $118.9 million for 26 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 73% of the firm’s clients are foreign persons or businesses.

Harbor Ithaka Wm also advises several private funds. Namely, one real estate fund and one other private fund. The minimum investment commitment required of non-related persons is $100,000 for each fund.

Careers at Harbor Ithaka Wm, LLC

The company employs 7 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There are 6 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
Rafael Alejandro Alcantara Lansberg	Managing director & cco	1 Aug 2014	Other	5938775
Harbor Financial Holdings Llc	Owner	1 Aug 2014	75% - 100%	47-1852191
Rafael Alejandro Alcantara	Managing member	1 Aug 2014	75% - 100%	5938775
Javier Alberto Loreto	Cco	1 Sep 2014	Other	5901189
Julio Cesar Canas Diaz	Chief compliance officer	1 Feb 2015	Other	6130484
Miguel Garcia Cardona	Director of fundamental analysis	1 Aug 2016	Other	6847966

Based in Miami

The principal office where Harbor Ithaka Wm, LLC performs its advisory services is located at 4040 Ne 2 Nd. Avenue, Miami, FL 33137, 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 305-755-7600. The normal business hours are 7:00 am to 6:00 pm on Monday - Friday. You can find more information about the New York firm at linkedin.com/company/harbor-ithaka.