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About InnerHarbor Advisors LLC |
InnerHarbor Advisors is an independent advisory firm committed to our role as financial advocates for our clients. We focus on assisting business owners, individuals and families achieve their short and long term financial goals. Inner Harbor Advisors gets to know every client personally. We believe this is essential in the development and implementation of a successful financial strategy.
Our firm is driven by the belief that high ethical standards are needed now more than ever and should be the most important factor in the selection of a financial advisor.
Our offices are centrally located in The Graybar Building right above Grand Central. We welcome you to a free consultation at our offices to review your financial situation. |
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General Information |
| Years of Experience in Financial Services: |
15
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| Work Experience: |
Over 15 years experience in financial services, including 10 as a trader on the floor of the New York Stock Exchange before founding Inner Harbor Advisors (IHA). IHA is an independent financial advisory committed to providing business owners, individuals and families with financial clarity and success.
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| States Licensed in: |
New York
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| Name of Custodial Firm: |
Pershing
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| Number of Years with Current Firm: |
4
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| Work with the following types of clients: |
Businesses, Individual Investors
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| States Willing to do Business in: |
NY,NJ,CT
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Services |
| Investment Types: |
Mutual Funds, Bonds, Stocks, Insurance, Exchange Traded Funds (ETFs)
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| Can meet clients in the following ways: |
Your Office, Email, Phone, Our Office, Your Home
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Qualifications & Memberships |
| Certifications, Accreditations & Designations: |
CERTIFIED FINANCIAL PLANNER™ Certificant
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| Securities Licenses: |
Series 65
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| Insurance and Annuity Licenses: |
Long Term Care, Life, Accident, Disability
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| Financial Organization Memberships: |
Financial Planning Association (FPA)
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Firm Information |
| Assets Managed by Firm: |
$15,000,000
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| Assets Managed by Advisor: |
$10,000,000
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| Advisor's Number of Clients: |
25
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| Firm's Number of Clients: |
40
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| Advisor's Number of Planning Clients: |
25
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| Advisor's Number of Managed Clients: |
25
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| Firm's Number of Planning Clients: |
25
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| Firm's Number of Managed Clients: |
35
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Compliance |
| Criminal Disclosures in Last 5 years: |
Have a clean record
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| Compliance Disclosures in Last 5 years: |
Have a clean record
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| Registered Investment Advisor: |
Yes
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| Acknowledged fiduciary: |
Yes
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Compensation and Fees |
| Fee % Based on Assets: |
0.75-1.25
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| Compensation Methods: |
Based on Assets
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| Minimum Portfolio Size for New Managed Accounts: |
$250000
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Frequently Asked Questions |
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| Q. |
Do you have a customer satisfaction or refund policy? |
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If a client terminates financial planning services after work has begun, they are charged only for the percentage of work already performed. If a client terminates an investment advisory agreement in the first five business days after entering, the client will be entitled to a full refund of any fees. Thereafter, either the client or the advisor may terminate the agreement at any time. |
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| Q. |
What are your qualifications? What is your education background? |
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InnerHarbor Advisors, LLC has a solid financial planning process. We define your goals and current financial position. We analyze cash flow needs, both now and in the future. We provide recommendations best suited to you and aid in their implementation. We monitor and track your progress online. This allows us to refine and revise your plan along the way. We help secure your financial future. |
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| Q. |
How are you compensated? How will I pay for your services? |
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| Q. |
If you are going to manage my account, will you obtain my permission every time you buy or sell something? |
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John will be your lead advisor but members of the InnerHarbor team will be available to help you as well. |
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How many clients do you currently manage? |
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We develop financial plans and ongoing financial planning services for clients on a project basis. Financial planning can be combined with investment management for clients who prefer low-cost, all inclusive financial management. |
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Will you be the only person working with me? |
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We do obtain permission from clients before executing any actions. Some clients prefer not to be consulted on every trade and in those cases we will execute discretionary authority. |
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Do you offer any guaranteed results? |
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NO. There are no guaranteed results in the investment world and you should run from anyone who promises them. |
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How much risk should I be willing to take? |
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The first question is how much risk you have to take. If you don't need to take additional risk to reach your goals you shouldn't, regardless of your willingness. If reaching your goals does require taking on risk, the next question is whether you are comfortable taking on that amount of risk. If not, perhaps an adjustment of your goals or savings plans is more appropriate. |
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Have you ever been charged with any breaches? |
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No. The advisors at InnerHarbor Advisors adhere to the highest principles and standards as set by the CFP Board's Code of Ethics and Professional Responsibility. |
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| Q. |
What is your approach to financial planning? |
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We develop financial plans and ongoing financial planning services for clients on a project basis. Financial planning can be combined with investment management for clients who prefer low-cost, all inclusive financial management. For pure investment management our fee is based upon the amount of assets under management. |
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| Q. |
What services do you offer? |
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You may find an advisor who is smarter than me. You may also find an advisor who is less expensive than me. You are very unlikely to find an advisor that is smarter and less expensive than me. I have the experience, intelligence and humility to provide you with the best advice for your current situation while recognizing that facts can change and future events can be different than planned. |
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Why should I choose you as my financial advisor? |
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John has over 15 years of experience in financial services. He hold a BA in History from the University at Albany and a MS in Quantitative Methods and Modeling from Baruch College. In addition, John is a CFP® practitioner. |
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| Q. |
How do you charge for your services? |
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Our core service is the development and implementation of a financial plan that helps secure your financial future. As part of that process we also manage the investments of some of our clients. |
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What services do you provide? What are your specialties? |
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InnerHarbor Advisors, LLC provides sound financial plans that help secure our clients' futures. We manage the investment portfolios of our clients as part of the planning process. We help clients recognize and mitigate risks to their financial position. We specialize in professionals and small business owners. |
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| Q. |
What is your experience? How many clients do you currently manage? |
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John has over 15 years of experience in financial services at both the institutional and personal level. He hold a BA in History from the University at Albany and a MS in Quantitative Methods and Modeling from Baruch College. In addition, John is a CFP® practitioner. Currently John manages over 25 clients. |
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What financial institution(s) do you represent? |
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Only my own company, InnerHarbor Advisors. The value we provide is advice. There are many products that can be used to implement that advice so, in our opinion, it makes no sense to commit to any one financial institution. We take an open architecture approach that allows us to choose the best investment for our clients. |
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| Q. |
What are your qualifications? |
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John has over 15 years of experience in financial services. He hold a BA in History from the University at Albany and a MS in Quantitative Methods and Modeling from Baruch College. In addition, John is a CFP® practitioner. |
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| Q. |
What is your approach to 401 K plan rollovers? |
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Your 401(k) rollover is just part of your financial picture. At InnerHarbor Advisors we recognize that fact and evaluate how the investment of your 401(k) assets fits into that picture. |
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| Q. |
How long does the process of rolling over a 401K plan usually take? |
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Usually less than two weeks but the process can vary depending upon the current custodian of the assets. |
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| Q. |
What financial institutions do you represent? |
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Only my own company, InnerHarbor Advisors. The value we provide is advice. There are many products that can be used to implement that advice so, in our opinion, it makes no sense to commit to any one financial institution. We take an open architecture approach that allows us to choose the best investment for our clients. |
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| Q. |
How many years of experience do you have? |
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I have over 15 years of experience in both institutional and personal finance. |
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What are your fees for this service? |
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Our fees for investment management are based on the amount of assets under management. We also develop financial plans and provide ongoing financial planning services for clients on a project basis. Financial planning can be combined with investment management for clients who prefer low-cost, all inclusive financial management. |
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| Q. |
How many 401K rollover clients do you currently manage? |
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| Q. |
Why should I roll over my 401K plan to your firm? |
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You may find an advisor who is smarter than me. You may also find an advisor who is less expensive than me. You are very unlikely to find anadvisor that is smarter and less expensive than me. I have the experience, intelligence and humility to provide you with the best advice for your plan while recognizing that facts can change and future events can be different than planned. |
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