Harbour Investment Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and estate planning. Financial planning was provided to 26–50 clients last fiscal year.
Harbour Investment Management reports 183 clients. They include 99 individual clients, 78 high-net-worth individuals and 6 charitable organizations. Of its assets, 95.6% ($365M across 489 accounts) are managed with discretion; $16.9M across 4 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 54% | 13% |
| High-net-worth individuals | 43% | 70% |
| Pension and profit-sharing plans | Fewer than 5 | 2% |
| Charitable organizations | 3% | 15% |
| Corporations and other businesses | Fewer than 5 | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 99 | $48.4M | 12.7% | $489K |
| High-net-worth individuals | 78 | $269M | 70.5% | $3.45M |
| Pension and profit-sharing plans | Fewer than 5 | $6.13M | 1.6% | — |
| Charitable organizations | 6 | $58M | 15.2% | $9.66M |
| Corporations and other businesses | Fewer than 5 | $225K | 0.1% | — |
| Total | 183 | $382M | 100% | — |
- Clients
- 99
- Regulatory AUM
- $48.4M
- AUM share
- 12.7%
- Avg. per client
- $489K
- Clients
- 78
- Regulatory AUM
- $269M
- AUM share
- 70.5%
- Avg. per client
- $3.45M
- Clients
- Fewer than 5
- Regulatory AUM
- $6.13M
- AUM share
- 1.6%
- Avg. per client
- —
- Clients
- 6
- Regulatory AUM
- $58M
- AUM share
- 15.2%
- Avg. per client
- $9.66M
- Clients
- Fewer than 5
- Regulatory AUM
- $225K
- AUM share
- 0.1%
- Avg. per client
- —
Total
- Clients
- 183
- Regulatory AUM
- $382M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 26–50
Harbour Investment Management charges 0.25%–0.80% a year for its Investment Management. Each asset band is charged at its own rate. The fee is billed in arrears, is negotiable, has a $1,000 annual minimum and requires an account of at least $500,000. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$1M | 0.80% |
| $1M–$2M | 0.70% |
| $2M–$5M | 0.50% |
| $5M and above | 0.25% |
Fee details and sources
Other fees
- Financial Planning (non-management clients)
- For clients who are not investment management clients, financial planning has a $1,500 annual base rate, plus $200 an hour for added planning scenarios, changes or meetings.
Pacific Harbour Advisors, LLC owns 75% or more of Harbour Investment Management and is in turn owned by Aalok Shah (75% or more). It has 6 employees, 5 of them in advisory roles.
Leadership
- Aalok ShahCCO
- Erika BerkenhoffPortfolio Manager
Investment adviser representatives
5 representatives listed in the SEC register as of 9 October 2026.
- Erika Lynne Berkenhoff
- Michael Lee Gill-More
- Carrie Anne Hepburn
- Alvin Dohyun Kwak
- Aalok Kirit Shah
Staff
- 6 employees
- 5 in advisory functions
- 5 state-registered reps
- 1 soliciting firm
- Owns 75% or more of Harbour Investment Management L.L.C.
Pacific Harbour Advisors, LLC
Control person · since January 2019
- Owns 75% or more of Pacific Harbour Advisors, LLC
Aalok Shah
Control person · since January 2019
- Owns 5% to 10% of Harbour Investment Management L.L.C.
Erika Berkenhoff
Control person · since January 2007
Harbour Investment Management’s regulatory assets went from $365M (March 2021) to $382M (March 2026); clients fell from 199 to 183 and employees rose from 5 to 6.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $382M | 183 | 6 | 2 |
| February 2025 | $471M | 201 | 5 | 2 |
| February 2024 | $416M | 189 | 4 | 2 |
| February 2023 | $368M | 190 | 4 | 2 |
| March 2022 | $407M | 185 | 4 | 2 |
| March 2021 | $365M | 199 | 5 | 2 |
Besides its headquarters, Harbour Investment Management has 1 office, with 2 listed addresses in Oregon and Washington.
Oregon · 1 listed address
- 3903 S Kelly Ave, Portland
Washington · 1 listed address
- 152 3rd Ave S, Suite 103b, EdmondsHQ
Contact and registration details
- Legal name
- Harbour Investment Management L.L.C.
- Headquarters
- 152 3rd Ave S, Suite 103b, Edmonds, WA 98020-8442
- Website
- harbourinvest.com
- Phone
- 425-742-1557
- SEC file
- 801-39540
- Founded
- 1991
- Structure
- Washington LLC
- Fiscal year end
- December
Harbour Investment Management uses Charles Schwab ($382M) as custodian for its separately managed accounts. Harbour Investment Management has custody of $104M in client assets for 101 clients.
- Charles SchwabCharles Schwab · El Paso, TX · $382M100%
At year end, Harbour Investment Management’s separately managed accounts were largely in funds (48%) and stocks (38%). Its reported 13F holdings for the quarter ended 30 June 2026 total $194M across 108 positions; the largest are Microsoft Corp. (6.4%), Vanguard BD Index Fds (6.1%) and J P Morgan Exchange Traded F (5.0%).
What the accounts hold
- Stocks38%
- Exchange-traded equities37%
- Non-exchange-traded equities1%
- Funds48%
- Bonds13%
- U.S. government and agency bonds11%
- State and local bonds1%
- Investment grade corporate bonds1%
- Cash1%
- Other1%
- Non-exchange traded equity securities1%
Reported 13F holdings
- $194M
- Reported 13F value
- 108
- Positions
- 42.5%
- In the 10 largest
- +5.1%
- Value vs. prior quarter
- Microsoft Corp.6.4%
- Vanguard BD Index Fds · Vanguard Ultra6.1%
- J P Morgan Exchange Traded F · Ultra Shrt ETF5.0%
- Costco Wholesale Corporation4.9%
- Vanguard Instl Index FD · 0 3 MO TR BI ETF4.5%
- Apple Inc.4.4%
- Broadcom Inc.3.4%
- Amazon Com Inc.3.0%
- iShares TR · iShares Biotech2.5%
- Berkshire Hathaway Inc. Del · CL B New2.3%
Together, the ten largest are 42.5% of reported value.
How many clients does Harbour Investment Management have?
Harbour Investment Management has 183 clients and manages $382 million for them, as of March 2026. They include 99 individual clients, 78 high-net-worth individuals and 6 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 10 March 2026
What services does Harbour Investment Management offer?
Harbour Investment Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and estate planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Harbour Investment Management charge?
Harbour Investment Management charges 0.25%–0.80% a year for its Investment Management. Each asset band is charged at its own rate. The fee is billed in arrears, is negotiable, has a $1,000 annual minimum and requires an account of at least $500,000.
Which custodians does Harbour Investment Management use?
Harbour Investment Management’s separately managed account assets are held at Charles Schwab (El Paso, TX), with $382M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 10 March 2026
How many financial advisors does Harbour Investment Management have?
Harbour Investment Management has 5 investment adviser representatives registered with state securities authorities, out of 6 employees, and 5 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Harbour Investment Management invest in?
At the end of its last fiscal year, Harbour Investment Management’s separately managed accounts held 48% registered funds (mutual funds, ETFs, BDCs), 37% exchange-traded equities, 11% U.S. government and agency bonds, 1% non-exchange-traded equities, 1% state and local bonds, 1% investment grade corporate bonds, 1% cash and equivalents and 1% other. The 1% other category is described as: Non-Exchange Traded Equity Securities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Harbour Investment Management have a minimum investment?
Yes, Harbour Investment Management’s minimum account size for its Investment Management is $500K. It charges a $1K annual minimum fee.
Who owns Harbour Investment Management?
Harbour Investment Management is owned through a holding company by Aalok Shah. Its direct owners are Erika Berkenhoff (5% to 10%) and Pacific Harbour Advisors, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 10 March 2026
How does Harbour Investment Management get paid?
Harbour Investment Management is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Harbour Investment Management registered with the SEC?
Yes, Harbour Investment Management has been registered with the SEC as an investment adviser since 24 July 1991. Its CRD number is 111166 and its SEC file number is 801-39540.
Source: Form ADV Part 1A, Item 1, filed 10 March 2026; IAPD firm record
How do I contact Harbour Investment Management?
Harbour Investment Management’s main office is at 152 3rd Ave S, Suite 103b, Edmonds, WA 98020-8442. Its phone number is 425-742-1557. Its website is harbourinvest.com.