Harvest Financial Advisors, LLC provides “investment supervisory services” for our clients, which can include
reviewing each client’s assets and liabilities, income, insurance programs, estate planning, and the nature and
extent of their personal and family obligations.
When a client requests our services, they will complete an Advisory Agreement, Fee Schedule Agreement, and
Investment Policy Statement. We will then assist each client in establishing reasonable investment objectives
defined by risk tolerance and rate of return expectations. Portfolio management services and accounts will
be managed on a continuous and regular basis according to the client’s objectives. Planning services are
typically part of the client advisory service, without an additional fee.
Advisory accounts may be managed on either a discretionary or non-discretionary basis.
HFA may suggest brokerage firms or trust departments for client custodial services. Harvest may suggest
Charles Schwab, Fidelity, TD Ameritrade, or J.P. Morgan Chase. When a client chooses a custodian, that
custodial firm will provide disclosure documents to the client regarding the review and reporting of the
account, the schedule of reviews and a separate discretionary document if applicable in addition to any
documents required by HFA. Harvest will have in place an agreement between itself and any custodian the
client may choose. HFA may trade client accounts in blocks. The allocation of these trades will follow the
policy and procedures outlined in the Operations Manual of HFA.
The clients will ultimately choose the custody relationship. Each client can impose reasonable investment
restrictions, in writing, on the management of the account.
Assets under management, as of December 31, 2023
US Dollar Amounts Total Number of Accounts
Discretionary $446,452,661 1145
Non-Discretionary $ 22,058,279 12
TOTAL $468,510,940 1157
Consulting Services
Advisory clients may also receive investment advice on a more limited basis; this may include advice on only
an isolated area(s) of concern, such as estate planning, retirement planning, or any other specific topic. HFA
may also provide specific consultation and administrative services regarding investment and financial
concerns of the client in addition to the management of the client assets. Additionally, HFA may provide
advice on non-securities matters. All Harvest Investment Adviser Representatives may provide consultation
regarding investment analysis, portfolio design, and risk analysis and security selection in client directed
retirement accounts. The annual
fee for consultation services will be a percentage of the market value of each
individual account and will be billed on a quarterly basis. This isolated consulting service will be provided to
advisory clients only.
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Seminars
HFA may from time-to-time conduct investment seminars during which various materials may be distributed
to attendees. These seminars will be generic in nature and not be product specific. Generally, there is no
charge for these seminars, however, HFA reserves the right to charge for attendance.
Newsletter
HFA may from time to time publish a newsletter or e-mail. The newsletter or e-mail will contain general
economic, market, and world news events that may be of interest to clients or potential clients. The
newsletter is sent to clients and friends of HFA. There is no charge, fee or other remuneration required in
exchange for the publication. Recipients may opt out, with notice to HFA’s principal office.
5. Fees & Compensation
The specific manner in which HFA charges fees is established in the client’s written agreement with HFA. HFA
will charge fees quarterly in advance. Clients may elect to be billed directly for the fees or to authorize HFA to
directly debit fees from client accounts. If a client agrees to have fees withdrawn from a custodian account,
the custodian will require that written authorization as well. A client may, in a written notice, request to be
billed directly by HFA for fees. The professional advisory relationship may be terminated by either HFA or the
client upon thirty (30) days’ written notice and a pro-rata refund will be given. However, should the client
terminate the agreement within five (5) business days of signing the contract, a full refund of any prepaid
fees will be given. Fees may be negotiable at the discretion of the adviser, in certain circumstances.
FEE SCHEDULE
Size of Account Annual Fee
$500,000* – $1,000,000 1.00%
Amounts between $1,000,001 – $2,000,000 0.90%
Amounts between $2,000,001 – $5,000,000 0.80%
Amounts between $5,000,001 – $20,000,000 0.60%
Amounts $20,000,000 and above 0.50%
*Below $500,000 incurs a minimum client fee of $5,000 per year
6. Performance-Based Fees & Side-By-Side Management
Harvest does not charge any performance-based fees and does no side-by-side management.
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