Herbein Wealth Management, L.L.C. (Wyomissing)

Herbein Wealth Management, L.L.C. is a large advisory firm based in Wyomissing. It manages $283.99 million of regulatory assets for 1,109 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Delaware, Florida, New Hampshire, and 3 other states.

Herbein Wealth Management, L.L.C provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Herbein Wealth Management, L.L.C: assets under management

The assets under management (AUM) of Herbein Wealth Management, L.L.C. is $283.99 million. The firm's AUM has grown by 73% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $283.14 million in discretionary accounts and $857.36 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $256.93 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $122.48 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Herbein Wealth Management, L.L.C. for their services and products based on a percentage of assets under management, hourly charges, and fixed 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.

Careers at Herbein Wealth Management, L.L.C.

William Andrew Morgan has been acting as President since 1 May 1999. Scott Allen Worley joined the executive team most recently as the Chief Compliance Officer And Member.

Direct owners and executive officers

Based in Wyomissing

The principal office where Herbein Wealth Management, L.L.C. performs its advisory services is located at 2763 Century Blvd., Wyomissing, PA 19610, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 610-376-8271 or by fax 866-445-9070. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at herbinewealth.com.

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