Harbour Financial Resources, LTD
Harbour Financial Resources provides investment supervisory services and financial planning consultations for individuals and business entities. The firm has been in business since 1994 and operates out of Skokie, Illinois. Harbour Financial Resources manages investment portfolios on a non-discretionary basis, meaning they make recommendations but require your approval to execute trades, primarily using no-load mutual funds, exchange-traded funds, and individual equities and bonds. Most client assets are held at Charles Schwab. In addition to investment management, the firm offers financial planning on an hourly or modular basis covering retirement, taxes, and business planning. Harbour Financial Resources is legally required to act in your best interest as a registered investment advisor.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $100K | 1.25% |
| $100K - $1.0M | 0.75% |
| $1.0M - $5.0M | 0.35% |
| $5M+ | 0.25% |
Fees are negotiable on a case-by-case basis. Option investing incurs higher rates (1.25% for the first $100k, 1.0% up to $1M, 0.50% up to $5M, and 0.40% above $5M). Outside assets like personal 401(k) plans are charged 0.25%.