Michael Herr
Michael Herr is a registered investment advisor at Summit Family Office Services, LLC, based in Bellevue, WA, with 14 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 15 clients with $6.5M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 1.50% |
| $500K - $1.0M | 1.30% |
| $1.0M - $2.5M | 1.10% |
| $2.5M - $5.0M | 1.00% |
| $5.0M - $20.0M | 0.80% |
| $20M+ | 0.80% |
Fees are generally negotiable. Qualified clients may pay 2% of assets under management along with a 20% performance fee based on capital appreciation.
Fee Estimator
Location
Bellevue, WA
Get directionsHistory
Regulatory History (2)
Judgment / Lien
May 2010Judgment / Lien
February 2010Other Business ActivitiesSells Insurance
Michael is the President of Deskless Workers, Inc., dedicating about 10-20% of his time to the company. He is also a licensed insurance agent, spending a few hours per week on insurance-related activities.
Employment History
Current Registrations
Summit Family Office Services, LLC
Previous Registrations
Purcell Advisory Services, LLC
State Registrations1 state
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.