Herrmann Financial Services Inc (Danville)

Name: Herrmann Financial Services Inc
Address: 370 Diablo Road, Danville, CA, 94526 3438
Telephone: 925-831-0200

Herrmann Financial Services Inc is a large advisory firm based in Danville. It manages $282.06 million of regulatory assets for 1,215 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Hawaii, and 4 other states.

Herrmann Financial Services provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Herrmann Financial Services: assets under management

The assets under management (AUM) of Herrmann Financial Services Inc is $282.06 million. The firm's AUM has grown by 79% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $280.13 million in discretionary accounts and $1.92 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $232.09 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $240.49 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Herrmann Financial Services Inc 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 Herrmann Financial Services Inc

Jason Michael Cooke has been acting as President since 1 Oct 2010. David Paul Herrmann joined the executive team most recently as the Ceo And President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Paul Herrmann	Ceo and president	1 Mar 1986	50% - 75%	1140606
Brenda Joy Herrmann	Cfo	1 Mar 1986	50% - 75%	4391539
Jason Michael Cooke	President	1 Oct 2010	Other	2835024

Based in Danville

The principal office where Herrmann Financial Services Inc performs its advisory services is located at 370 Diablo Road, Danville, CA 94526 3438, 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 925-831-0200 or by fax 925-831-8957. The normal business hours are 8:00 a.m.-5:00 p.m. on Monday - Friday. You can find more information about the New York firm at www.herrmannfinancial.com.