Thomas J. Herzfeld Advisors (TJH) offers investment advisory services focused on closed-end funds and credit markets, including Collateralized Loan Obligations (CLOs). TJH manages investments for registered investment companies, private funds, and separately managed accounts. For separately managed accounts, TJH considers each client’s risk tolerance, time horizon, and financial needs. TJH also manages wrap fee accounts through arrangements with brokerage, bank, and investment advisory firms.
Fee Structure
TJH's fees for separately managed accounts range from 0.50% to 1.50% of the value of your portfolio per year, depending on the specific investment strategy, the type of assets in the account, and the size of the account. These fees are generally billed quarterly. Fees may be negotiable and can vary based on client type, service levels, and other factors. TJH may also invest your assets in other investment funds, and you will bear your share of those funds' fees and expenses in addition to TJH's fees.