Frequently Asked
Questions

Harbor Asset Private Wealth was founded to help successful people better manage their wealth so they can do more with their lives. We are now an independent firm* – answering to no corporate bureaucracy – which allows us to provide objective advice and make recommendations through our access to the best solutions available in the industry. Rest assured, we act as fiduciaries for our clients and are not guided in any way by other influences.  We aspire to create a comprehensive and tailored financial strategy for our clients by using accumulated wisdom, detailed analysis, and innovative technology, so they may capitalize on their opportunity ahead.

* Harbor Asset Private Wealth is a DBA of Sanctuary Securities, Inc. and Sanctuary Advisors, LLC; however, we own 100% of our independent firm. To provide our clients with the services we offer, we are Registered Representatives of Sanctuary Securities Inc. (Member FINRA, SIPC) and Investment Advisor Representatives of Sanctuary Advisors, LLC, an SEC Registered Investment Advisor.

There will be no significant impact on your account as we will continue to serve you with the personal attention you’ve come to expect from us. We have the flexibility to maintain your existing investment solutions with no major changes. As the markets and the world continue to evolve, we are well poised to help you navigate towards your life goals with confidence.

Our decision to create an independent firm is rooted in the desire to provide objective advice, detailed financial planning, goals-based investment management, and creative solutions for every financial challenge our clients face.

• Access to a Broader Marketplace: Because we’re independent and own our own firm, we work in an open architecture, which means that we can access practically any financial product, solution or investment vehicle that we think fits with your plan. We are incentivized only to find the best solutions for you.
• Robust Planning Solutions: The advantages we offer are realized through our in-depth planning process and the synergy of our team members’ differing specialties. We begin each relationship by getting to know you – and to truly understand your current needs and future ambitions. Our meticulous financial planning process will lead to informed conversations and decisions about your investments, as well as your insurance and cash management needs.
• Exceptional Client Service: With your best interests as our only agenda, our team is free to focus exclusively on addressing your individual service needs. We are proactive in our communication with you, building on the foundation of our regularly scheduled wealth review meetings.

While we would have enjoyed the opportunity to share our plans with you in advance, legal considerations and contractual restrictions prevented us from doing so. We are committed to respecting and abiding by those covenants as investment professionals, even though it was personally challenging to not have the ability to speak with you beforehand. We hope you can appreciate the situation we were in.

We will be able to leverage the technology, tools, and standardized processes available through Sanctuary Wealth that help maximize efficiency and manage risk so that we can reinvest time where it matters most—with clients like you. By partnering with Sanctuary, we will be able to deliver operational excellence, maintain a strong culture of compliance, and offer a robust cybersecurity program, which will safeguard the information clients entrust to our guidance. Sanctuary also empowers its partner firms with access to a vibrant community of like-minded, elite independent financial advisors. The advisors in this peer group share best practices and we can tap into our community’s intellectual capital to deliver more specialized expertise – and investment opportunities – to Harbor Asset Private Wealth’s clients.

The safety and security of your assets is of critical importance to us. With that in mind, we have decided to work with two industry leaders as the custodians for our clients’ assets:  BNY Mellon | Pershing and Fidelity. Both of these firms were selected for their infrastructure, research, technology, and service capabilities.

• Founded in 1939, Pershing is the #1 clearing firm in the U.S. and is the trusted choice of more than 1,300 financial institutions, representing seven million investors. Pershing custodies $2.0T Global client assets and maintains $2.0B in net capital, well above minimum requirement. Pershing’s parent company, BNY Mellon, a leading provider of investment management and investment services and the oldest financial institution in the U.S., was founded by Alexander Hamilton in 1784.
• Fidelity Institutional℠ provides banks, broker-dealers, RIAs, family offices, and wealthy families the technology, thinking, and collaboration to help them achieve their unique goals. Privately held for more than 70 years, Fidelity has assets under administration of $8.7 trillion, including discretionary assets of $3.4 trillion as of October 31, 2020. Fidelity helps more than 32 million people invest their own life savings, 22,000 businesses manage employee benefit programs, as well as providing more than 13,500 institutions with investment and technology solutions to invest their own clients’ money.

The fees we charge as your investment advisor will be the same as they are today. You will benefit from what our new firm can now access: best-in-class products, services, and technologies that weren’t available in our previous environment.

The total process will take approximately two weeks from the date you return our Welcome Packet transition paperwork to our team, and we will do everything we can to ensure the transition is a positive experience. 

We would be honored to continue to work with you. We have enclosed the paperwork required to transition your relationship to Harbor Asset Private Wealth. We will be reaching out to you in the coming days to walk you through it all to ensure a smooth transition of your accounts and assets.

You will find all the necessary documents relevant to your transition, including information about our new firm, Harbor Asset Private Wealth, and the safety and security of our custodian, BNY Mellon | Pershing. We will follow up with you shortly so that we can go over the materials together.

Our new office is located at:

40 Signal Road, Suite A
Stamford, CT 06902

Here is our updated contact information:

• Office/Main - 203-742-0505 [email protected]
• Marti Marache- 203-742-0101 [email protected]