Herold Advisors, Inc
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Overview
Herold Advisors, Inc is an advisory firm based in New York, New York. The company manages $334.0 million in assets across 367 client accounts, placing it in the mid-tier of firms in the country by assets under management (AUM). The firm has a small team, including 7 financial advisors. Herold Advisors, Inc is not a registered broker-dealer, meaning the firm cannot buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer company to do so. Securities are tradable fiscal investments such as bonds, stocks and options.
Herold Advisors, Inc oversees all of its client assets in a discretionary manner. Discretionary management means that an investment advisor makes buy and sell choices for the client's account without needing client authorization. Herold Advisors, Inc's typical account size is $910,098. The average advisor at Herold Advisors, Inc oversees about 52 client accounts, placing it towards the middle in terms of personalization.
The company's central office is at 845 Third Avene Suite 1703, New York, New York 10022-7513. The firm is allowed to provide services to clients across a few states, including California, Connecticut, Florida, Massachusetts, New Jersey, New York, Pennsylvania, South Carolina and Virginia.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Herold Advisors, Inc by the Numbers
$334.0 million
8
367
$910.1 thousand
Fee Structure
Fees charged by financial advisors typically vary depending on which service is provided. Fees billed by the company most likely are comprised of any blend of the following fee structures: asset-based or other. Herold Advisors, Inc participates in a wrap fee program, in which the firm offers a bundle of services for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 10% of firms
Other
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 32% of firms that offer this fee type
Fixed
Types of Clients
The firm provides services to retail investors, high net worth investors, pension plans and corporations. Out of its 367 clients, Herold Advisors, Inc's largest client by number of accounts is retail investors, but it also caters to 64 high-net-worth individuals. The SEC defines a high-net-worth individual as someone who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of the firm's clients are from outside of the U.S.
- High-Net-Worth Individuals* - 17.44%
- Other Individuals - 80.65%
- Corporations - 1.91%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Herold Advisors, Inc does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Herold Advisors, Inc
New York, NY
New York, NY
Staten Island, NY
New York, NY
New York, NY
New York, NY
New York, NY
New York, NY
New York, NY
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