The Harvest Group Wealth Management, LLC (Waltham)

Name: The Harvest Group Wealth Management, LLC
Address: 800 South Street, Waltham, MA, 02453
Telephone: (781) 996-3300

The Harvest Group Wealth Management, LLC is a large advisory firm based in Waltham. It manages $332.88 million of regulatory assets for 1,602 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Arizona, Connecticut, Florida, and 5 other states.

The Harvest Group Wealth Management 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 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

The Harvest Group Wealth Management: assets under management

The assets under management (AUM) of The Harvest Group Wealth Management, LLC is $332.88 million. The firm's AUM has grown by 95% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $264.54 million in discretionary accounts and $68.34 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $245.17 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $130.67 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 35% of the total AUM. The second-largest asset type is exchange traded securities, which make up 29% of the firm’s portfolio. Investments in cash and cash equivalents form 28% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Harvest Group Wealth Management, LLC for their services and products based on a percentage of assets under management and fixed fees. 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 The Harvest Group Wealth Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of The Harvest Group Wealth Management is high net worth individuals with 90 clients and $183.67 million of assets under management. Among the 9 most similar advisory firms, The Harvest Group Wealth Management has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $331.03 million for 567 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.

The Harvest Group Wealth Management doesn't advise any private funds.

Careers at The Harvest Group Wealth Management, LLC

The company employs 11 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 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
Laurie E Ingwersen	Managing member	1 Sep 2016	Other	4066323
Todd Michael Ingwersen	Managing member	1 Sep 2016	25% - 50%	2804743
Roger Harold Ingwersen	Managing member	1 Sep 2016	50% - 75%	255050
Roberta Ambrosi	Chief compliance officer	1 Sep 2016	Other	2369292
Laurie Ellen Ingwersen	Managing member	1 Sep 2016	25% - 50%	4066323
Roger Henry Ingwersen	Managing member	1 Sep 2016	50% - 75%	255050

Based in Waltham

The principal office where The Harvest Group Wealth Management, LLC performs its advisory services is located at 800 South Street, Waltham, MA 02453, 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) 996-3300 or by fax (781) 996-3344. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at myharvestgroup.com.