Michael Herrmann is a registered investment advisor at Simplicity Wealth, based in Summit, NJ, with 4 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Financial Planning & Coaching, High Net Worth, Investment Management, Retirement Planning. Their firm serves 5,619 clients with $3.6B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Simplicity Wealth's fees are based on a percentage of your assets under management, ranging from 0.10% to 2.00%. The specific fee depends on the services selected by your advisor. The fees cover investment management, research, monitoring, and other operational services. Additional fees may include model manager fees, custodial fees, and transaction fees. Simplicity Wealth also offers proprietary model portfolios.
Location
475 Springfield Ave., Suite #1, Summit, NJ, 07901
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Learn about disclosures →Other Business ActivitiesSells Insurance
Michael is a sole proprietor of Herrmann Financial Group, working as an insurance agent selling insurance and annuities. This activity takes nearly full-time hours, and he also dedicates a few hours per week outside of trading hours. He sells life, health, disability, long-term care, annuities, and Medicare products.
Employment History
Current Registrations
Simplicity Wealth
Previous Registrations
Vora Wealth Management, PLLC
State Registrations2 states
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