Harbert Fund Advisors, Inc. (Birmingham)

Name: Harbert Fund Advisors, Inc.
Address: 2100 Third Avenue North, Ste 600, Birmingham, AL, 35203
Telephone: 205/987-5500

Harbert Fund Advisors, Inc. is a large advisory firm based in Birmingham. It manages $6.23 billion of regulatory assets for 41 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Alabama, California, Delaware, and 5 other states.

Harbert Fund Advisors provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and management of private investment funds and hedge funds. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Harbert Fund Advisors: assets under management

The assets under management (AUM) of Harbert Fund Advisors, Inc. is $6.23 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 30% since the beginning of its operation, and $6.23 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $6.23 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $151.87 million each.

Harbert Fund Advisors has custody of $5.88 billion in cash and securities for 23 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Harbert Fund Advisors, Inc. for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients William Wade Brooke serves?

The only and largest group of clients of William Wade Brooke is pooled investment vehicles with 31 clients and $4.65 billion of assets under management. Among the 9 most similar advisory firms, Harbert Fund Advisors has the 2nd lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $4.65 billion for 31 clients. 100% of the firm’s clients are foreign persons or businesses.

Harbert Fund Advisors also advises several private funds. Namely, two hedge funds, nineteen real estate funds, two other private funds, thirteen private equity funds, and five venture capital funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $10,000,000.

Careers at Harbert Fund Advisors, Inc.

The company employs 141 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

William Wade Brooke has been acting as President since 1 Dec 1996. Sonja Jean Keeton joined the executive team most recently as the Executive Vice President & Chief Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Raymond Jones Harbert	Chairman, ceo & director	1 Nov 1993	Other	2718750
David Alan Boutwell	Executive vice president & chief financial officer	1 Nov 1993	Other	2718749
Harbinger Corporation	Shareholder	1 Nov 1993	75% - 100%	63-1105437
William Wade Brooke	Director	1 Dec 1996	Other	2718748
Joel Bernard Piassick	Executive vice president, general counsel & director	1 May 2000	Other	4364102
Charles Donald Miller	Executive vice president & head of global distribution	1 Nov 2001	Other	2815440
Jeff Todd Harris	Vice president & assistant general counsel	1 Aug 2003	Other	4514336
Michael Donegan Luce	President & chief operating officer	1 Feb 2004	Other	1385728
Max Berueffy	Vice president, assistant general counsel & chief compliance officer	1 Feb 2004	Other	4710948
Philip Alan Falcone	Vice-president & sr. managing director-distressed securities	1 May 2005	Other	1442413
Jeffrey Soberman Parket	Vice-president & sr. managing director - convertible arbitrage	1 May 2005	Other	1544758
Robert Ross	Vice-president & sr.managing director - equity market neutral	1 May 2005	Other	2669703
Anthony Christopher Reiner	Vice-president & sr. managing director - event driven	1 May 2005	Other	2695644
Steven Lee Dayan	Vice-president & sr. managing director - event driven	1 May 2005	Other	1162437
John Alexander Floyd	Vice-president & sr. managing director - global macro	1 May 2005	Other	1906176
Anthony Stern Barkan	Vice-president & sr. managing director - fixed income	1 May 2005	Other	1946317
Mitchell Alan Thaw	Managing director - convertible arbitrage	1 May 2005	Other	1002493
Heather Noel Leonard	Vice president and managing director - emerging markets	1 May 2005	Other	4244410
Peter Stuart Lannigan	Vice president and sr. managing director - emerging markets	1 May 2005	Other	1883921
William Ray Lucas	Director, general counsel, senior vice-president and secretary	1 Jan 2006	Other	4744020
Michael Conrad Bauder	Vice president & chief compliance officer	1 Jul 2006	Other	2318491
John Mccullough	Senior vice president, general counsel & secretary	1 Mar 2009	Other	5653229
John Watkins Mccullough	Executive vice president, general counsel & secretary	1 Mar 2009	Other	5653229
Sonja Jean Keeton	Senior vice president & chief administrative officer	1 Jan 2011	Other	4486672
Sonja Jean Keeton	Executive vice president & chief financial officer	1 Jan 2016	Other	4486672

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Harbert Management Corporation	Shareholder	1 Nov 1993	75% - 100%	63-1105435

Based in Birmingham

The principal office where Harbert Fund Advisors, Inc. performs its advisory services is located at 2100 Third Avenue North, Ste 600, Birmingham, AL 35203, which is also the mailing address of the firm. An additional office of the firm is in Nashville, TN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 205/987-5500 or by fax 205/987-5505. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at harbert.net and its LinkedIn profile.