The Herbst Group offers wealth management services, including investment management and financial planning, to individuals, high-net-worth individuals, trusts, estates, college athletes, charitable organizations, businesses, and retirement plans. Investment strategies are primarily long-term focused, using low-cost, diversified mutual funds and exchange-traded funds. Financial planning services cover investment, retirement, personal savings, education savings, and philanthropic giving. The Herbst Group also provides retirement plan advisory services to plan sponsors.
Fee Structure
The Herbst Group's wealth management fees range from 0.20% to 2.00% annually, based on factors like the scope and complexity of services, the level of assets managed, and the overall relationship. Fees are paid monthly in arrears, based on the market value of assets under management at the end of the month. Fees may be negotiable. The fees include securities transaction costs, custody fees, and other expenses.