Marble Harbor Investment Counsel provides portfolio management for individuals and small businesses and portfolio management for pooled vehicles. The firm advises 2 private funds.
Marble Harbor Investment Counsel reports 213 clients. They include 143 high-net-worth individuals, 54 individual clients and 10 charitable organizations. Of its assets, 100.0% ($1.32B across 543 accounts) are managed with discretion. Of its clients, 2% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 25% | 2% |
| High-net-worth individuals | 67% | 95% |
| Pooled investment vehicles | <1% | <1% |
| Charitable organizations | 5% | <1% |
| Corporations and other businesses | 2% | 2% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 54 | $26.1M | 2.0% | $483K |
| High-net-worth individuals | 143 | $1.26B | 95.2% | $8.78M |
| Pooled investment vehicles | 2 | $3.36M | 0.3% | $1.68M |
| Charitable organizations | 10 | $12.3M | 0.9% | $1.23M |
| Corporations and other businesses | Fewer than 5 | $22.3M | 1.7% | $5.57M |
| Total | 213 | $1.32B | 100% | — |
- Clients
- 54
- Regulatory AUM
- $26.1M
- AUM share
- 2.0%
- Avg. per client
- $483K
- Clients
- 143
- Regulatory AUM
- $1.26B
- AUM share
- 95.2%
- Avg. per client
- $8.78M
- Clients
- 2
- Regulatory AUM
- $3.36M
- AUM share
- 0.3%
- Avg. per client
- $1.68M
- Clients
- 10
- Regulatory AUM
- $12.3M
- AUM share
- 0.9%
- Avg. per client
- $1.23M
- Clients
- Fewer than 5
- Regulatory AUM
- $22.3M
- AUM share
- 1.7%
- Avg. per client
- $5.57M
Total
- Clients
- 213
- Regulatory AUM
- $1.32B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 2%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 2
Marble Harbor Investment Counsel charges 0.40%–1.00% a year for its Account management fees. The fee is billed in arrears, is negotiable and has a $10,000 annual minimum.
Fee details and sources
Paul Davis owns 50% to 75% of Marble Harbor Investment Counsel. The leadership team of Marble Harbor Investment Counsel includes Chief Investment Officer Paul Davis and Chief Compliance Officer Thomas Stickley. It has 10 employees, 6 of them in advisory roles.
Leadership
- Thomas StickleyChief Compliance Officer
- Suzanne ColemanMember
- Paul DavisManaging Member and Chief Investment Officer
- Daniel RosenblattMember
- Charlotte DeyessoMember
Investment adviser representatives
4 representatives listed in the SEC register as of 9 October 2026.
- Paul Robert Davis
- Joseph Dean Foresi
- Lawrence Joseph Harrington III
- Patrick Eric Robb
Staff
- 10 employees
- 6 in advisory functions
- 4 state-registered reps
- Owns 50% to 75% of Marble Harbor Investment Counsel, LLC
Paul Davis
Control person · since December 2005
- Owns 10% to 25% of Marble Harbor Investment Counsel, LLC
Daniel Rosenblatt
since January 2007
- Owns 5% to 10% of Marble Harbor Investment Counsel, LLC
Charlotte Deyesso
since April 2014
Marble Harbor Investment Counsel’s regulatory assets grew from $929M (March 2021) to $1.32B (March 2026); clients rose from 202 to 213 and employees from 9 to 10.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $1.32B | 213 | 10 | 1 |
| March 2025 | $1.28B | 216 | 10 | 1 |
| March 2024 | $1.13B | 224 | 10 | 1 |
| July 2023 | $1.01B | 219 | 10 | 1 |
| May 2022 | $1.1B | 211 | 11 | 1 |
| March 2021 | $929M | 202 | 9 | 1 |
Besides its headquarters, Marble Harbor Investment Counsel has 0 offices, with 1 listed address in Massachusetts.
Massachusetts · 1 listed address
- 101 Federal Street, Suite 2920, BostonHQ
Contact and registration details
- Legal name
- Marble Harbor Investment Counsel, LLC
- Headquarters
- 101 Federal Street, Suite 2920, Boston, MA 02110
- Website
- marbleharboric.com
- Phone
- 617-956-6710
- SEC file
- 801-65234
- Structure
- Delaware LLC
- Fiscal year end
- December
Marble Harbor Investment Counsel uses Charles Schwab ($711M, 55%), Fidelity ($315M, 25%) and Fiduciary Trust ($258M, 20%) as custodians for its separately managed accounts. Marble Harbor Investment Counsel has custody of $274M in client assets for 50 clients.
- Fiduciary TrustFiduciary Trust Company · Boston, MA · $258M20%
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $711M55%
- FidelityNational Financial Services LLC · Boston, MA · $315M25%
At year end, Marble Harbor Investment Counsel’s separately managed accounts were mostly in stocks (71%) and bonds (14%). Its reported 13F holdings for the quarter ended 30 June 2026 total $984M across 200 positions; the largest are Apple Inc. (6.9%), Cisco Sys Inc. (5.4%) and Microsoft Corp. (5.3%).
What the accounts hold
- Stocks71%
- Exchange-traded equities67%
- Non-exchange-traded equities4%
- Funds13%
- Bonds14%
- U.S. government and agency bonds7%
- State and local bonds5%
- Investment grade corporate bonds2%
- Cash2%
Reported 13F holdings
- $984M
- Reported 13F value
- 200
- Positions
- 40.0%
- In the 10 largest
- +6.6%
- Value vs. prior quarter
- Apple Inc.6.9%
- Cisco Sys Inc.5.4%
- Microsoft Corp.5.3%
- Abbvie Inc.4.5%
- Iron Mtn Inc. Del3.8%
- Ebay Inc..3.5%
- Automatic Data Processing IN2.9%
- Parker-hannifin Corp.2.7%
- Oreilly Automotive Inc.2.5%
- Procter & Gamble CO2.4%
Together, the ten largest are 40.0% of reported value.
How many clients does Marble Harbor Investment Counsel have?
Marble Harbor Investment Counsel has 213 clients and manages $1.32 billion for them, as of March 2026. They include 143 high-net-worth individuals, 54 individual clients and 10 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 25 March 2026
What services does Marble Harbor Investment Counsel offer?
Marble Harbor Investment Counsel provides portfolio management for individuals and small businesses and portfolio management for pooled vehicles.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Marble Harbor Investment Counsel charge?
Marble Harbor Investment Counsel charges 0.40%–1.00% a year for its Account management fees. The fee is billed in arrears, is negotiable and has a $10,000 annual minimum.
Source: MARBLE HARBOR ADV PART 2A-03.27.25, filed 25 March 2026
Which custodians does Marble Harbor Investment Counsel use?
Marble Harbor Investment Counsel’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $711M, National Financial Services LLC (Boston, MA), with $315M and Fiduciary Trust Company (Boston, MA), with $258M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 25 March 2026
How many financial advisors does Marble Harbor Investment Counsel have?
Marble Harbor Investment Counsel has 4 investment adviser representatives registered with state securities authorities, out of 10 employees, and 6 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 Marble Harbor Investment Counsel invest in?
At the end of its last fiscal year, Marble Harbor Investment Counsel’s separately managed accounts held 67% exchange-traded equities, 13% registered funds (mutual funds, ETFs, BDCs), 7% U.S. government and agency bonds, 5% state and local bonds, 4% non-exchange-traded equities, 2% investment grade corporate bonds and 2% cash and equivalents. It advises 2 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Marble Harbor Investment Counsel?
Marble Harbor Investment Counsel’s direct owners are Paul Davis (50% to 75%), Daniel Rosenblatt (10% to 25%) and Charlotte Deyesso (5% to 10%).
Source: Form ADV Part 1A, Schedules A and B, filed 25 March 2026
How does Marble Harbor Investment Counsel get paid?
Marble Harbor Investment Counsel is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Marble Harbor Investment Counsel?
Marble Harbor Investment Counsel’s main office is at 101 Federal Street, Suite 2920, Boston, MA 02110. Its phone number is 617-956-6710. Its website is marbleharboric.com.