Bruce Hermann
Bruce Hermann is a registered investment advisor at Osaic Wealth, INC., based in Milford, DE, with 31 years of industry experience. Bruce operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Education Planning, Estate Planning, Investment Management, and 1 more. Their firm serves 574,829 clients with $200B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Osaic Wealth offers investment management through several platforms, including Advisor Managed Portfolios, Unified Managed Accounts, and Signator Managed Account Platform. Fees are negotiable and based on a percentage of the assets in your account. The fees cover advisory services, custodial services, and in some cases, transaction costs. Mutual funds and ETFs within these accounts have their own internal fees. Some programs have wrap accounts where all costs are bundled into one fee.
Location
505 Lakeview Avenue, Milford, DE, 19963
Get directionsHistory
Regulatory History (3)
Employment Separation After Allegations
October 2012Regulatory
February 2001Customer Dispute
January 2001Other Business ActivitiesSells Insurance
Bruce is the president of Hermann Financial Svcs Inc, an insurance brokerage, and the president/owner of Bruce D Hermann II Insurance & Consulting Firm, providing fixed insurance and consulting services. He also owns/is a member of DE Boys, LLC, a real estate holding firm, and receives rental income; these activities take about 10-20% of his time.
Employment History
Current Registrations
Osaic Wealth, INC.Broker
Osaic Advisory Services, LLC
Previous Registrations
Triad Advisors LLCBroker
Cetera Advisor Networks LLCBroker
Ifg Russell Advisors INC
American Financial Management Group, LTD.
Walnut Street Securities, INC.Broker
L.M. Kohn & CompanyBroker
MML Investors Services, INC.Broker
G. R. Phelps & CO., INC.Broker
State Registrations13 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.