Herold Advisors, Inc. is a large advisory firm based in New York. It manages $129.1 million of regulatory assets for 178 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, New Jersey, and New York.
Herold Advisors provides portfolio management for individuals and small businesses and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Herold Advisors, Inc. is $129.1 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 130% since the beginning of its operation, and $1.84 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has a single stream of revenue. Clients pay Herold Advisors, Inc. for their services and products based on a percentage of assets under management. 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.
The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Tressa Herold is high net worth individuals with 34 clients and $73.27 million of assets under management. Among the 8 most similar advisory firms, Herold Advisors has the 4th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $129.1 million for 178 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Herold Advisors doesn't advise any private funds.
The company employs 8 people that are either part- or full-time employees. 88 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Tressa Herold has been acting as President since 1 Apr 1976. Paula Margaret Herold joined the executive team most recently as the Director, Treasurer.
The principal office where Herold Advisors, Inc. performs its advisory services is located at 805 3 Rd Ave 18 Th Floor, New York, NY 10022 7513 The mailing address of the firm is 1190 Hylan Blvd., Staten Island, NY 10305. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-371-3950 or by fax 212-758-4967. The normal business hours are 9 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at heroldinc.com.