Herbert Ormond
Herbert Ormond is a registered investment advisor at H. L. Ormond & Company, LLC, based in Greenville, NC, with 39 years of industry experience. Herbert operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management, Retirement Planning. Their firm serves 256 clients with $360M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
H. L. Ormond & Company offers investment management through three platforms:
- HLO Direct Platform: Fees range from 0.75% to 1.75% annually, based on the value of your investments.
- AMS Managed Program: Fees range from 0.75% to 2.25% annually, based on the value of your investments. This includes fees paid to HLO, the non-affiliated manager, and Raymond James.
- Outside Manager Program (OSM): Fees range from 0.75% to 1.75% annually, paid to HLO and Raymond James. You will also pay a separate fee to the outside manager, ranging from 0.30% to 0.50%.
Location
1001 Conference Drive, Suite A, Greenville, NC, 27858
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business ActivitiesSells Insurance
Herbert is a managing member/owner of TAES2, LLC, a real estate rental property, spending minimal time on it. He is also an independent licensed insurance agent, spending minimal time per year renewing/moving clients' fixed annuities, and acts as POA/Trustee for family members, dedicating minimal time per week.
Employment History
Current Registrations
H. L. Ormond & Company, LLC
Previous Registrations
Raymond James Financial Services Advisors, INC
Raymond James Financial Services, INC.Broker
Stifel, Nicolaus & Company, IncorporatedBroker
Stifel, Nicolaus & Company, Incorporated
Wachovia Securities, LLC
Wachovia Securities, LLCBroker
A. G. Edwards & Sons, INC.
A. G. Edwards & Sons, INC.Broker
Wheat, First Securities, INC.Broker
State Registrations2 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.