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Herbert Ormond

H. L. Ormond & Company, LLC
40 Years of Experience
Greenville, NC
Sells Insurance
View SEC Summary
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Herbert Ormond is a registered investment advisor at H. L. Ormond & Company, LLC, based in Greenville, NC, with 40 years of industry experience. Herbert operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include High Net Worth, Investment Management, Retirement Planning. Their firm serves 282 clients with $400M in assets under management.

H. L. Ormond & Company, LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
5 advisors
Number of Clients
282 clients
Average Client Portfolio
$1.4M average
Assets Under Management
$401.4M

Fee Structure

Minimum Investment:$500K
Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any0.75%

Annual investment management fees range from 0.75% to 1.75% for the Advisor Direct Platform, 0.75% to 2.25% for AMS Managed Programs, and 0.75% to 1.75% for the Outside Manager Program (excluding separate manager fees). Fees are negotiable.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

1001 Conference Drive, Suite A, Greenville, NC, 27858

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History

Regulatory History
Clean regulatory record

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.

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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
June 2021 - Present · 5 yrs 4 mos
Previous Registrations
Raymond James Financial Services Advisors, INC
February 2011 - June 2021 · 10 yrs 4 mos
Raymond James Financial Services, INC.Broker
January 2011 - June 2021 · 10 yrs 5 mos
Stifel, Nicolaus & Company, IncorporatedBroker
April 2009 - February 2011 · 1 yr 10 mos
Stifel, Nicolaus & Company, Incorporated
April 2009 - February 2011 · 1 yr 10 mos
Wachovia Securities, LLC
January 2008 - April 2009 · 1 yr 3 mos
Wachovia Securities, LLCBroker
January 2008 - April 2009 · 1 yr 3 mos
A. G. Edwards & Sons, INC.
March 2004 - January 2008 · 3 yrs 10 mos
A. G. Edwards & Sons, INC.Broker
September 1990 - January 2008 · 17 yrs 4 mos
Wheat, First Securities, INC.Broker
July 1986 - October 1990 · 4 yrs 3 mos
State Registrations2 states
NCTX
Advisor

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.

Exams
No exam information available for this advisor.
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