B
Black Harbor Financial
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$1,439,917
Clients
6
0% high-net-worth
Advisors
1
of 1 employees
Firm type
Independent
1 advisor with up to 2 employees
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
6
LowAverage account size
$239,986
About
Black Harbor Financial provides customized financial planning, discretionary asset management, and pension plan advisory services to individual clients and to small-business retirement plans. The firm’s services cover retirement and estate planning, investment management and consultation, and it serves as a Section 3(21) co-fiduciary for 401(k) plans.
The firm manages client assets according to a written investment policy statement emphasizing asset allocation and diversification, often using low-cost index funds, mutual funds, and ETFs and employing rebalancing and tax-loss harvesting when appropriate. Financial planning engagements begin with an initial consultation and may be delivered as comprehensive plans, limited-scope consultations, or periodic plan reviews, while managed accounts are reviewed quarterly.
A distinctive feature is that the firm’s principal is both a CFP professional and a practicing attorney who operates a separate law practice focused on estate and business matters; clients are informed that legal work requires a separate engagement and that a conflict may exist if legal services are recommended. It is also uncommon for a single-advisor firm of this scale to offer pension consulting and to act in an ERISA 3(21) co-fiduciary role for plan clients.
Client services
Financial planning
Portfolio management
Pension consulting
Expertise
Long-term care insurance
Charitable giving & philanthropy
Retirement plans for business owners (SEP, solo 401k)
Tax-loss harvesting
Occupation focus
Founder/Business Owner
Fee options
Fixed fee of $2,500 for comprehensive financial plan (negotiable)
$0 - $1,000,000: 1.0% $1,000,001 - $3,000,000: 0.75% $3,000,001 - $5,000,000: 0.60% $5,000,001+: 0.40%
$300 per hour for initial consultations, reviews, and limited consultations
Account minimum: $0 for financial planning and asset management clients; $2,500 minimum annual fee for pension plan advisory services Minimum fee: Minimum of $2,500 annually for pension plan advisory services Fee-only: Financial planning hourly fee $300/hour; fixed fee $2,500 for comprehensive financial plan (negotiable based on complexity)
Main office location
Black Harbor Financial
Boothbay Harbor ME, United States
Number of offices
1
Most active in
Black Harbor Financial has reported serving >5 clients in these states in the last 12 months.
Maine
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is active or affiliated with:
Lawyer
They provide legal services, typically billed separately.
Is not active or affiliated with:
-
Insurance agent
They sell insurance products and may earn commissions on those sales.
-
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
-
Bank
They're affiliated with a bank that may offer its own financial products and services.
-
Trust company
They provide trust and estate administration services, typically for separate fees.
-
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
-
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
-
Real estate agent
They facilitate real estate transactions and may earn commissions.
-
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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