Herbert Scheffler
Herbert Scheffler is a registered investment advisor at Osaic Wealth, INC., based in Grand Rapids, MI, with 30 years of industry experience. Herbert 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
4981 Cascade Rd SE, Suite A, Grand Rapids, MI, 49504
Get directionsHistory
Regulatory History (2)
Customer Dispute
September 2012Customer Dispute
December 2008Other Business ActivitiesSells Insurance
Herbert is a financial advisor for multiple entities, including Michigan Financial Companies and Platinum Wealth Solutions of Texas, where he sells securities, investments, advisory services, and insurance products. He also coaches middle school basketball for a limited time each year, and dedicates full-time hours to Scheffler & Stoimenoff Asset Management.
Employment History
Current Registrations
Osaic Wealth, INC.
Osaic Wealth, INC.Broker
Previous Registrations
LPL Financial LLCBroker
LPL Financial LLC
Oppenheimer & CO. INC.Broker
Oppenheimer & CO. INC.
Morgan Keegan & Company, INC.Broker
Morgan Keegan & Company, INC.
J.J.B. Hilliard, W.L. Lyons, INC.Broker
First of Michigan CorporationBroker
Prudential Securities IncorporatedBroker
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.