Alexander Nabhan feels lucky to be among the few who knew early on what they wanted to do in life. His family originally being from Worcester, Massachusetts, his grandfather dropped out of high school to go into the army in his brother’s place, made it out of a war, built a business, and retired at 45 years old. His father, Edward, also extremely successful, has been in financial services for 40 years, starting back at EF Hutton. Ed’s sister Cindy, was a former advisor at Merrill Lynch. Alex grew up with business and finance all around him. At a young age, Alex was able to see first-hand how his family members handled the concerns, needs, and goals of some of the wealthiest families in the country. He also became fascinated with and a student of the markets. Most importantly, Alex liked the fact that the skills he was either born with, and or developed by virtue of his surroundings growing up, were able to guide other people to a better life, and decided in high school that he would follow in the footsteps of his father in financial consulting.
Alexander got his start in the business with internships at UBS Financial Services while in 9th grade. They said he was too young to really do anything, but Alex insisted he wanted the experience even if it was stuffing envelopes for mailers (Before email was really big). Impressed with the tenacity and persistence, he got the job. Tenacity and persistence is a common theme for Alex throughout his career, and he uses it today to “Get things done” for his clients.
After enrolling at the University of Miami, he became licensed as an insurance representative for Northwestern Mutual, signing a few knew clients here and there while attending school, where he graduated with a double major in finance and accounting. Although he liked the aspect of being an advisor, he wanted something more investment oriented.
In 2010, Alex joined Morgan Stanley’s equity sales and trading division, and finally transitioned into wealth management in 2011. However, because his family was already in the field, he could not depend upon them to become his first clients like others who started in the business with him. Therefore, he had to utilize the skills he learned from his father, and practiced in the insurance business to start cold calling. He very quickly built up his business. A fast start is an understatement. After 3 years, Alex was ranked the number 1 advisor in the country at Morgan Stanley for anyone 3 years ahead of him or behind him.
Once he had an asset base, Alexander became much more involved in money management. He wanted to take his business to the next level, and knew that having a good team would be the next step. He partnered with five advisors, including his father, Ed Nabhan, who joined as part of his succession plan. In addition to Alex and Ed, the original Boston Harbor Group consisted of advisors Andrew Zimmerman, James McIntyre, and Megan Cooney. They have since taken on two new junior advisors to help handle client growth. Alexander explains, “We don’t want to spread ourselves too thin because our true value comes from attention to detail with our clients.”
According to Alexander, what makes the Boston Harbor Group unique is having younger advisors with fresh perspectives. For instance, he is up-to-date with new trends and technology and does a lot of work with startups with disruptive technologies and life sciences (biotech) IP. Alexander also focuses heavily on other financial professionals who have similar risks inherent in their businesses such as hedge fund managers, private equity, venture capital, and asset managers (PMs).
Over the years, Alex says that he has also become “extremely performance focused” and spends a huge amount of time analyzing investments for his clients. He thinks that “In today’s world, it is more important now than ever to not only provide excellent advice, communication, attention, and service, but to also be nimble, tactical, and to provide clients with access to strategies that add value net of all fees over and above anything they can get on their own or cost free.” Alexander was named to Forbes Magazine’s, America’s Top Next-Generation Wealth Advisors List in 2017 and 2018, Forbes, Top 250 Next Gen Wealth Advisors List in July 2019, Forbes, Best In State Next-Gen Advisors List in August 2019, and to the Boston Magazine, Five Star Wealth Managers List in 2015, 2016 and 2019.
Named by Forbes/SHOOK as America's Top Next-Gen Wealth Advisor in 2019*, 2018*, 2017*
Acts as personal CFO to a limited number of families in the Northeast, Florida, and California.
"I pro-actively bring to a handful of successful investors resources and opportunities they cannot get elsewhere."
If you are an entrepreneur and executive in the life sciences, finance, or disruptive technology spaces and are looking to partner with a team that has an in-depth understanding of your life, business, and the risks associated with it, I would welcome you to reach out to have a further conversation.
The Boston Harbor Group and its seven advisors have strategically come together to serve this niche. We provide other financial professionals, such as venture capital and asset managers, access to other asset classes beyond stocks and bonds. i.e., diversification strategies, high income strategies, and non-correlated assets such as real estate, infrastructure, and private equity and credit investments.
Senior Vice President
Boston Harbor Group
Merrill Lynch, Pierce, Fenner & Smith Inc.
Merrill Lynch Wealth Management
100 Federal Street, 17th Floor
Boston, Massachusetts 02110
Toll free (844) 401-1955