DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Harbor Investment Advisory, LLC
Latest filing Sep 1, 2026
First filing on the tape Dec 13, 2011 · 35 filings
SEC status approved since Jan 4, 2010
RAUM
$6.9B
reported, Item 5.F
Discretionary
53%
of RAUM
Private clients
42%
$2.9B individuals and HNW
Advisors
31
registered through the firm on IAPD
RAUM per advisor
$222M
derived; firm RAUM over IAPD count
Employees
35
30 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
35 filings and snapshots on the tape
RAUM$6.9B as of Aug 7, 2026
Jan 17, 2012$218M then
HNW client RAUM$2.7B as of Aug 7, 2026
Mar 27, 2018$738M then
State-registered IARs (5.B.3)30 as of Aug 7, 2026
Jan 17, 20120 then
Employees (5.A)35 as of Aug 7, 2026
Jan 30, 201312 then
Private funds: no history
RAUM +14% over the last fiscal year+17% a year over threeIARs 28 to 30
Practice profile
derived from the filing of Sep 1, 2026; every figure names its basis
Archetypes, each a printed rule
- Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
- Dual wealth and asset manager · private-client share 20 to 60 percent and fund or institutional share at least 30 percent
- OCIO / institutional advisory · selection of other advisers (5.G.7) and institutional share at least 50 percent
- Retirement plan adviser · pension consulting activity (Item 5.G.6) and pension plans at least 25 percent of RAUM or at least 25 pension-plan clients
- Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
- RAUM per advisor
- $222MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 108derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.3MderivedHNW RAUM over HNW clients
- Average account
- $1.9MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 53%derivedof RAUM
- Institutional
- 55%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.1derivedItem 5.A over advisors
- Advisors per office
- 15.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +14%derivedbetween the last two annual amendments
- Advisor growth, one year
- +7.1%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +6.5%derived
- Compensation
- percentage of assets, hourly, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, selection of other advisersreportedItem 5.G
- Wrap fee program
- $4.1BreportedItem 5.I
- Custody
- $1.8B, 1,078 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- is a broker-dealer (6.A.1)
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Charitable organizations$2.8B40%
- High-net-worth individuals$2.7B39%
- Pension and profit-sharing plans$1.0B15%
- Individuals$224M3.3%
- Corporations and businesses$209M3.0%
- Individual clients
- 1,321reported
- HNW clients
- 2,036reported
- Pension plan clients
- 75reported
- Charitable clients
- 80reported
- Accounts
- 3,540reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- $348M sponsored, $0 managedreported
- Custody of client assets
- $1.8B for 1,078 clientsreported
- Compensation
- % of AUM, fixed, hourlyreported
- Class basis
- private_client_share=0.42 fund_share=0.0 institutional_share=0.55 related_bd= related_bank= bd_reps=30.0derived
Advisors registered through the firm
31 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Robert Wilmer Black | Lutherville, Md | Jan 22, 2010 | 40 y | 2 |
| Stephen John Kelly | Lutherville, Md | Jan 22, 2010 | 43 y | 2 |
| Lisa Michell Howard | Lutherville, Md | Jan 19, 2011 | 26 y | 1 |
| Gregory Edward ParanzinoCertified Financial Planner | Lutherville, Md | Jan 19, 2011 | 32 y | 1 |
| Champe Seabury Andrews | Lutherville, Md | Jan 19, 2011 | 31 y | 1 |
| R. Matthew Williams NovakCertified Financial Planner | Lutherville, Md | Feb 15, 2011 | 20 y | 1 |
| Geoffrey Philipp BurroughsCertified Financial Planner | Lutherville, Md | Mar 28, 2013 | 19 y | 2 |
| Andrew William Sullivan | Lutherville, Md | Jan 6, 2014 | 19 y | 0 |
| Fred Cregan Hill | Lutherville, Md | Jul 9, 2014 | 39 y | 2 |
| James W CurranCertified Financial Planner | Lutherville, Md | Mar 20, 2015 | 40 y | 3 |
| Fremont James Knittle | Lutherville, Md | Mar 23, 2015 | 15 y | 1 |
| John Thomas HalleronCertified Financial Planner | Lutherville, Md | Sep 11, 2015 | 29 y | 1 |
| Charles Russell WardCertified Financial Planner | Lutherville, Md | Sep 11, 2015 | 25 y | 3 |
| Robert Earle LaubachChartered Financial Consultant | Lutherville, Md | Feb 13, 2017 | 42 y | 2 |
| Jennifer Lowe WinslowCertified Financial Planner | Lutherville, Md | Jul 28, 2017 | 20 y | 3 |
| Arthur Patrick Boykin | Lutherville, Md | Jul 28, 2017 | 17 y | 1 |
| Janet C Marquardt | Lutherville, Md | Jul 28, 2017 | 29 y | 3 |
| Paul Michael FoxCertified Financial Planner | Lutherville, Md | Jul 28, 2017 | 33 y | 2 |
| Elias D. Poe | Lutherville, Md | Sep 29, 2017 | 26 y | 3 |
| Scott Gaither HahnCertified Financial Planner | Lutherville, Md | Oct 15, 2018 | 14 y | 2 |
| William Christopher Schadty | Lutherville, Md | Feb 5, 2020 | 27 y | 3 |
| Edward Hicks Worthington | Lutherville, Md | Aug 25, 2021 | 16 y | 0 |
| Jessie Lake Willinghan | Lutherville, Md | Sep 13, 2021 | 10 y | 0 |
| Katrina Marya Kunkler | Lutherville, Md | Apr 1, 2022 | 13 y | 0 |
| Daniel Lawrence Baker | Lutherville, Md | Nov 3, 2023 | 12 y | 1 |
| Peter M Marchineck | Lutherville, Md | Jun 14, 2024 | 11 y | 0 |
| Emily Reynolds Allison | Lutherville, Md | Oct 2, 2024 | 11 y | 0 |
| Ellen Marie Pierce | Lutherville, Md | Jul 7, 2025 | 30 y | 2 |
| Jonathan Michael Osmun | Lutherville, Md | Feb 17, 2026 | 10 y | 0 |
| Sean M Sundell | Lutherville, Md | Mar 2, 2026 | 10 y | 1 |
| Douglas M. Holthaus | Lutherville, Md | Jun 23, 2026 | 27 y | 4 |
Advisor movement
0 left, 2 joined in 12 months
net +2 in 12 months0 left in 90 days1 joined in 90 daysdeparture rate 0.0% of current headcount1 left over 36 months
Left, latest
- Susan Amanda Frillman to RBC Capital Markets, LLCJan 2, 2024 · RIA to affiliated broker-dealer or bank
- Craig Lee Martin to Kawg&F Financial Planning Group LLCOct 4, 2022 · RIA to a state-registered adviser
- Megan Lee Mullan to T. Rowe Price Associates, Inc.Dec 31, 2019 · Other
- Elizabeth Brennen to A.G. Campbell Advisory, LLCDec 31, 2019 · RIA to RIA
Joined, latest
- Douglas M. Holthaus from J.P. Morgan Securities LLCJun 23, 2026 · Wirehouse to independent RIA
- Sean M Sundell from Merrill Lynch, Pierce, Fenner & Smith IncorporatedMar 2, 2026 · Wirehouse to independent RIA
- Ellen Marie Pierce from UBS Financial Services Inc.Jul 7, 2025 · Wirehouse to independent RIA
- Daniel Lawrence Baker from Kestra Advisory Services, LLCNov 3, 2023 · Affiliated broker-dealer or bank to independent RIA
- William Christopher Schadty from Morgan StanleyFeb 5, 2020 · Wirehouse to independent RIA
- Scott Gaither Hahn from Kestra Advisory Services, LLCOct 15, 2018 · Affiliated broker-dealer or bank to independent RIA
- Megan Lee Mullan from T. Rowe Price Advisory Services, Inc.Oct 27, 2017 · Other
- Elias D. Poe from Morgan StanleySep 29, 2017 · Other
- Paul Michael Fox from Morgan StanleyJul 28, 2017 · Other
- Janet C Marquardt from Raymond James Financial Services Advisors, IncJul 28, 2017 · Other
- Jennifer Lowe Winslow from Morgan StanleyJul 28, 2017 · Other
- Arthur Patrick Boykin from Morgan StanleyJul 28, 2017 · Other
- Robert Earle Laubach from Wells Fargo AdvisorsFeb 13, 2017 · Other
- Charles Russell Ward from UBS Financial Services Inc.Sep 11, 2015 · Other
- John Thomas Halleron from UBS Financial Services Inc.Sep 11, 2015 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 3 joined from Morgan StanleyJul 31, 2017 · Lutherville, Md
- 2 joined from UBS Financial Services Inc.Sep 22, 2015 · Hunt Valley, Md
- 3 joined from Morgan StanleyMar 31, 2015 · Lutherville, Md
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Robert Wilmer III Black · Vice Presidentcontrolsince 12/2019 · owns less than 5%
- Raymond Patrick Dean · Treasurer And Secretary, Finop, Principal Financial Officer, Principal Operations Officercontrolsince 12/2019 · owns less than 5%
- Fred Cregan Jr Hill · Presidentcontrolsince 12/2019 · owns less than 5%
- William Schadty · Chief Compliance Officercontrolsince 02/2020 · owns less than 5%
- Robert Wilmer III Black · Membercontrolsince 06/2009 · owns 25% to 50% of Harbor Investment Management, LLC
- Fred Cregan Jr Hill · Membercontrolsince 01/2015 · owns 25% to 50% of Harbor Investment Management,LLC
Entity owners
- Harbor Investment · Sole Memberdirect · owns 75% or more
- Harbor Investment Management, LLC · Sole Memberdirect · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Lutherville, Md · principal | 31 | 3 | 0 |
Offices
Schedule D 1.F, the 25 largest
- Rockville, MD1 employees
What changed
consecutive filings, newest first
- Financial planning clients · 1-10 to 1-10Aug 7, 2026 to Sep 1, 2026
- Related adviser · false to unsetAug 7, 2026 to Sep 1, 2026
- Related bank · false to unsetAug 7, 2026 to Sep 1, 2026
- Related broker-dealer · false to unsetAug 7, 2026 to Sep 1, 2026
- Related insurance company · false to unsetAug 7, 2026 to Sep 1, 2026
- Succession · false to unsetAug 7, 2026 to Sep 1, 2026
- Accounts · 3,326 to 3,540Jan 16, 2026 to Mar 27, 2026
- Advisory employees · 28 to 30Jan 16, 2026 to Mar 27, 2026
- BD registered reps · 28 to 30Jan 16, 2026 to Mar 27, 2026
- Charity clients · 75 to 80Jan 16, 2026 to Mar 27, 2026
- Corporate clients · 26 to 28Jan 16, 2026 to Mar 27, 2026
- HNW clients · 1,773 to 2,036Jan 16, 2026 to Mar 27, 2026
- Individual clients · 1,380 to 1,321Jan 16, 2026 to Mar 27, 2026
- Pension plan clients · 72 to 75Jan 16, 2026 to Mar 27, 2026
- Assets in custody · $1.2B to $1.8BJan 16, 2026 to Mar 27, 2026
- Employees · 34 to 35Jan 16, 2026 to Mar 27, 2026
- State-registered IARs · 28 to 30Jan 16, 2026 to Mar 27, 2026
- Discretionary RAUM · $3.2B to $3.7BJan 16, 2026 to Mar 27, 2026
- HNW RAUM · $2.2B to $2.7BJan 16, 2026 to Mar 27, 2026
- Individual RAUM · $233M to $224MJan 16, 2026 to Mar 27, 2026
- Non-discretionary RAUM · $2.8B to $3.2BJan 16, 2026 to Mar 27, 2026
- Pension RAUM · $942M to $1.0BJan 16, 2026 to Mar 27, 2026
- RAUM · $6.0B to $6.9BJan 16, 2026 to Mar 27, 2026
- Wrap assets (sponsor) · $3.4B to $348MJan 16, 2026 to Mar 27, 2026
- RAUM · $5.2B to $6.0BSep 12, 2024 to Mar 21, 2025
- Wrap assets (sponsor) · $290M to $3.4BSep 12, 2024 to Mar 21, 2025
- Accounts · 3,169 to 3,326Sep 12, 2024 to Mar 21, 2025
- Advisory employees · 29 to 28Sep 12, 2024 to Mar 21, 2025
- BD registered reps · 29 to 28Sep 12, 2024 to Mar 21, 2025
- Charity clients · 64 to 75Sep 12, 2024 to Mar 21, 2025
- Corporate clients · 25 to 26Sep 12, 2024 to Mar 21, 2025
- HNW clients · 1,472 to 1,773Sep 12, 2024 to Mar 21, 2025
- Individual clients · 1,544 to 1,380Sep 12, 2024 to Mar 21, 2025
- Pension plan clients · 64 to 72Sep 12, 2024 to Mar 21, 2025
- Assets in custody · $852M to $1.2BSep 12, 2024 to Mar 21, 2025
- Employees · 33 to 34Sep 12, 2024 to Mar 21, 2025
- Financial planning clients · 1-10 to 1-10Sep 12, 2024 to Mar 21, 2025
- State-registered IARs · 29 to 28Sep 12, 2024 to Mar 21, 2025
- Discretionary RAUM · $2.7B to $3.2BSep 12, 2024 to Mar 21, 2025
- HNW RAUM · $1.9B to $2.2BSep 12, 2024 to Mar 21, 2025
Signals
8 dated events
- Susan Amanda Frillman left Harbor Investment Advisory, Llc for Rbc Capital Markets, Llc (registered 2024-01-02)Jan 2, 2024 · Advisor changed firm · fact
- Craig Lee Martin left Harbor Investment Advisory, Llc for Kawg&F Financial Planning Group Llc (registered 2022-10-12)Oct 4, 2022 · Advisor changed firm · fact
- Harbor Investment Advisory, Llc reported RAUM $4.7B, up 26% from $3.7B (2022-02-11 to 2022-03-31)Mar 31, 2022 · RAUM change · derived
- Stephen John Kelly (Member) no longer on Schedule A of Harbor Investment Advisory, Llc (listed 2022-02-11, absent 2022-03-31)Mar 31, 2022 · Control person left · inference
- Harbor Investment Advisory, Llc reported RAUM $3.7B, up 31% from $2.8B (2020-06-23 to 2021-03-31)Mar 31, 2021 · RAUM change · derived
- William Christopher Schadty (Chief Compliance Officer) appeared on Schedule A of Harbor Investment Advisory, LlcMar 28, 2020 · Control person joined · fact
- Elizabeth Bond Brennen (Chief Compliance Officer) no longer on Schedule A of Harbor Investment Advisory, Llc (listed 2019-03-28, absent 2020-02-06)Feb 6, 2020 · Control person left · inference
- Harbor Investment Advisory, Llc reported RAUM $2.1B, up 45% from $1.5B (2017-08-25 to 2018-03-27)Mar 27, 2018 · RAUM change · derived
Across DFX
shared identifiers only, never a name match
- Harbor Investment Advisory, LLC · Private Equityshared crd · intermediary
How to reach
public business contact points only, each with its source
- Business email
- edoratt@harborllc.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- kkorzenewski@harborllc.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- mknittle@harborllc.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- rcuomo@harborllc.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- rdean@harborllc.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- rward@harborllc.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business email
- zrainold@harborllc.comreportedpublished by the firm, firm site, Sep 15, 2026
- Business phone
- 410-659-8900reportedpublished by the firm, firm site, Sep 15, 2026
- Firm profile
- LINKEDIN.COM/COMPANY/HARBOR-INVESTMENT-ADVISORY-LLCreportedpublic record, Form ADV, Sep 17, 2026
- Website
- HARBORLLC.COMreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 410-659-8900reportedpublic record, Form ADV, Sep 1, 2026
- Team page
- harborinvestmentadvisory.com/our-teamreportedpublished by the firm, firm site, Sep 15, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Wealth manager with institutional or fund businessderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $222Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026