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

Name: Herbein Wealth Management, L.L.C.
Address: 2763 Century Blvd., Wyomissing, PA, 19610
Telephone: 610-376-8271

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

Name	Entity	Date acquired	Ownership	Employer ID
William Andrew Morgan	President	1 May 1999	25% - 50%	4485287
Linda Sue Himeback	Member	1 May 1999	Other	4503112
Thomas John Price	Member	1 May 1999	Other	4503118
Michael Joseph Rowley	Member	1 May 1999	Other	4503121
Janice Seman Barney	Member	1 May 1999	Other	4503107
Carl David Herbein	Member	1 May 1999	Other	4503111
Kevin Dale Howard	Member	1 May 1999	Other	4503113
John Thomas Pagerly	Member	1 May 1999	Other	4503115
Bruce Charles Rhoads	Member	1 May 1999	Other	4503120
Ken William Seidel	Member	1 May 1999	Other	4503123
Barry D. Groebel	Member	1 Jan 2001	Other	4503131
Robert F. Firely	Member	1 Jan 2002	Other	4503130
Joseph J. Witkowski	Member	1 Jan 2002	Other	4503132
Barry D. Groebel	Member	1 Jan 2002	Other	4503131
Chiara Ann Renninger	Partner	1 Jan 2012	Other	3114526
Jayne Robin Schaeffer	Member	1 Jan 2012	Other	5298604
Scott Allen Worley	Chief compliance officer and member	1 Jan 2014	Other	4164081
David Wayne Stonesifer	Member	1 Jan 2014	Other	6271551
Steven Mark Wolf	Member	1 Jan 2014	Other	6114584
Douglas Erhardt Wood	Member	1 Jan 2014	Other	6271534
James Anthony Michalak	Member	1 Jan 2014	Other	5737840

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.