Harbert Fund Advisors, Inc. is a large advisory firm based in Birmingham. It manages $6.23 billion of regulatory assets for 41 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Alabama, California, Delaware, and 5 other states.
Harbert Fund Advisors provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and management of private investment funds and hedge funds. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Harbert Fund Advisors, Inc. is $6.23 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 30% since the beginning of its operation, and $6.23 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Harbert Fund Advisors, Inc. for their services and products based on a percentage of assets under management 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.
The only and largest group of clients of William Wade Brooke is pooled investment vehicles with 31 clients and $4.65 billion of assets under management. Among the 9 most similar advisory firms, Harbert Fund Advisors has the 2nd lowest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $4.65 billion for 31 clients. 100% of the firm’s clients are foreign persons or businesses.
Harbert Fund Advisors also advises several private funds. Namely, two hedge funds, nineteen real estate funds, two other private funds, thirteen private equity funds, and five venture capital funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $10,000,000.
The company employs 141 people that are either part- or full-time employees. 50 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 3 people 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.
William Wade Brooke has been acting as President since 1 Dec 1996. Sonja Jean Keeton joined the executive team most recently as the Executive Vice President & Chief Financial Officer.
The principal office where Harbert Fund Advisors, Inc. performs its advisory services is located at 2100 Third Avenue North, Ste 600, Birmingham, AL 35203, which is also the mailing address of the firm. An additional office of the firm is in Nashville, TN. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 205/987-5500 or by fax 205/987-5505. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at harbert.net and its LinkedIn profile.