Herbert Modrak
Herbert Modrak is a registered investment advisor at Cambridge Investment Research Advisors, INC., based in Glen Allen, VA, with 18 years of industry experience. Their practice areas include Divorce Planning, Education Planning, Estate Planning, Financial Planning & Coaching, and 4 more. Their firm serves 323,031 clients with $100B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Cambridge Investment Research Advisors (CIRA) offers investment management services through several platforms. Fees are based on a percentage of your portfolio's value and are negotiable. The maximum annual fee is 2.25%. Fees can be structured as flat, tiered, or breakpoint. You may also encounter setup fees and service fees. Fees are typically deducted directly from your account. CIRA also offers WealthPort, a wrap fee program with inclusive fees. The WealthPort maximum advisory fee is 2.25% annually.
Location
4801 Cox Rd., Ste. 111, Glen Allen, VA, 23060
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Herbert owns rental property in Richmond, VA since 2011 and is an advisory representative of a RIA (CIRA) in Fairfield, IA. He is also a board member and treasurer for Smoketree Community Association, a notary, a financial advisor at Greenwood Financial Group, and an IAR at TAG Advisors.
Employment History
Current Registrations
Cambridge Investment Research, INC.Broker
Cambridge Investment Research Advisors, INC.
Previous Registrations
Bb&t Securities, LLCBroker
Bb&t Securities, LLC
Wealthforge Securities, LLCBroker
Cary Street Partners
Cary Street PartnersBroker
Suntrust Investment Services, INC.
Suntrust Investment Services, INC.Broker
First Clearing, LLCBroker
State Registrations52 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.