HA
HA
Herbert Allen
33 Years of Experience
Rockford, IL
2 DisclosuresBroker
Herbert Allen is a registered investment advisor at Packerland Brokerage Services, INC., based in Rockford, IL, with 33 years of industry experience. Herbert operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Insurance Planning, Investment Management, Retirement Planning, and 1 more. Their firm serves 4,245 clients with $910M in assets under management.
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
178 advisors
Number of Clients
4,245 clients
Average Client Portfolio
$214K average
Assets Under Management
$909.5M
Fee Structure
Packerland offers several investment management options:
- Individual Portfolio Management: Fees are a percentage of your portfolio, up to a maximum of 2.5% per year.
- Co-Advisory Programs: You'll pay program fees in addition to Packerland's advisory fee (up to 2.5% of your assets). These fees cover the third-party money manager's investment advisory services, potentially as part of a bundled fee arrangement.
- Hilltop/Envestnet Programs: Most programs have a unified fee covering the platform, manager, and Packerland's advisory services. Some fees, like those for transactions executed away from Hilltop, are charged separately.
- Solicitor Program: You'll pay a management fee to the third-party money manager, which Packerland shares. You won't pay a separate fee to Packerland.
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Location
7210 East State Street, Rockford, IL, 61108
Get directionsHistory
Regulatory History (2)
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Customer Dispute
March 2009Denied
Regulatory
August 2004Final
Employment History
Current Registrations
Packerland Brokerage Services, INC.
September 2025 - Present · 8 mos
Packerland Brokerage Services, INC.Broker
September 2025 - Present · 8 mos
Previous Registrations
Harbour Investments, INC.
September 2019 - December 2024 · 5 yrs 3 mos
Harbour Investments, INC.Broker
August 2019 - December 2024 · 5 yrs 4 mos
Summit Financial Group INC
January 2012 - August 2019 · 7 yrs 7 mos
Summit Brokerage Services, INC.Broker
January 2012 - August 2019 · 7 yrs 7 mos
Jonathan Roberts Advisory Group, INC.
March 2011 - February 2012 · 11 mos
J.W. Cole Financial, INC.Broker
March 2011 - February 2012 · 11 mos
Summit Financial Group INC
May 2006 - March 2011 · 4 yrs 10 mos
Summit Brokerage Services, INC.Broker
May 2006 - March 2011 · 4 yrs 10 mos
Intersecurities, INC.
September 2004 - June 2006 · 1 yr 9 mos
Intersecurities, INC.Broker
September 2004 - June 2006 · 1 yr 9 mos
Ing Financial Partners, INC
March 2004 - September 2004 · 6 mos
Ing Financial Partners, INC.Broker
January 2004 - September 2004 · 8 mos
Locust Street Securities, INC.Broker
December 2001 - January 2004 · 2 yrs 1 mo
Metlife Securities INC.Broker
February 2001 - January 2002 · 11 mos
Metropolitan Life Insurance CompanyBroker
February 2001 - January 2002 · 11 mos
Hornor, Townsend & Kent, INC.Broker
August 1998 - March 2001 · 2 yrs 7 mos
MML Investors Services, INC.Broker
June 1994 - August 1998 · 4 yrs 2 mos
Pruco Securities CorporationBroker
October 1991 - June 1994 · 2 yrs 8 mos
The Prudential Insurance Company of AmericaBroker
October 1991 - December 1993 · 2 yrs 2 mos
State Registrations10 states
COFLILKYMNMOMSSCTNWI
AdvisorBrokerBoth
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.