P. R. Herzig & Co. Inc. (Roslyn Heights)


P. R. Herzig & Co. Inc. is a mid-sized advisory firm based in Roslyn Heights. It manages $98.12 million of regulatory assets for 146 client accounts. It has been registered with the SEC as an adviser since 2006.

P. R. Herzig & provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and publication of newsletters. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

P. R. Herzig &: assets under management

The assets under management (AUM) of P. R. Herzig & Co. Inc. is $98.12 million. The firm's AUM has gone down by -30% since the beginning of its operation, and $4.19 million of the total AUM is attributable to clients outside of the United States.

The firm manages $65.62 million in discretionary accounts and $32.5 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $607.56 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $855.39 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 81% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 15% of the firm’s portfolio. Investments in government bonds form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay P. R. Herzig & Co. Inc. for their services and products based on fixed fees and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Milton Thomas Herzig serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Milton Thomas Herzig is high net worth individuals with 95 clients and $84.28 million of assets under management. Among the 3 most similar advisory firms, P. R. Herzig & has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $98.12 million for 146 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

P. R. Herzig & doesn't advise any private funds.

Careers at P. R. Herzig & Co. Inc.

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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.

Milton Thomas Herzig has been acting as President since 1 Apr 2004. Milton T. Herzig And Helene Herzig Executors Estate Philip R. Herzig joined the executive team most recently as the Shareholder.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Helene Herzig Board of directors 1 Dec 1995 Other xxx-xx-xxxx
Julie Herzig Desnick Shareholder 1 Dec 1995 Other xxx-xx-xxxx
Lydia Beth Landesberg Shareholder 1 Dec 1995 Other xxx-xx-xxxx
Milton T. Herzig And Julie Herzig Trustees Samuel A Herzig Trust Shareholder 1 Dec 1995 Other 13-6983623
Milton T. Herzig And Julie Herzig Trustees Emily P. Herzig Trust Shareholder 1 Dec 1995 Other 13-6983622
Arthur Stuart Pesner Chief financial officer, chief compliance officer 1 Jan 1996 Other 2574341
Milton T. Herzig And Helene Herzig Executors Estate Philip R. Herzig Shareholder 1 Feb 2004 25% - 50% 81-6121884
Milton T. Herzig And Helene Herzig Executors Helene Herzig Beneficiary Estate Philip R. Herzig Shareholder 1 Feb 2004 25% - 50% 81-6121884
Milton Thomas Herzig President 1 Apr 2004 50% - 75% 843473

Indirect Owners

The SEC currently registers 6 indirect owners.

Name Entity Date acquired Ownership Employer ID
Milton Thomas Herzig Trustee of 2 trusts 1 Dec 1995 Other 843473
Milton T. Herzig And Julie Herzig Trustees Samuel A. Herzig Trust Shareholder 1 Dec 1995 Other 13-6983623
Milton T. Herzig And Julie Herzig Trustees Trustees 1 Dec 1995 Other 13-6983623
Milton T. Herzig And Helene Herzig Executors Helene Herzig Beneficiary Estate Philip Herzig Shareholder 1 Feb 2004 25% - 50% 81-6121884
Helene Herzig Beneficiary Milton T. Herzig And Helene Herzig Executors Executors 1 Feb 2004 25% - 50% 81-6121884
Helene Herzig Executor 1 Feb 2004 Other xxx-xx-xxxx

Based in Roslyn Heights

The principal office where P. R. Herzig & Co. Inc. performs its advisory services is located at 4 Expressway Plaza, Roslyn Heights, NY 11577, 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 516-621-0200 or by fax 516-626-6622. The normal business hours are 8:00-5:00 on Monday - Friday. You can find more information about the New York firm at prherzig.com.

Registered investment advisers similar to P. R. Herzig & Co. Inc.