Private fund adviser · Miami Beach, FL
Thomas J. Herzfeld Advisors, Inc.
SEC-registered investment adviser · CRD 108369 · SEC 801-20866
At a glance
Thomas J. Herzfeld Advisors, Inc. is an SEC-registered investment adviser based in Miami Beach, Florida, with $890 million in regulatory assets under management as of its Form ADV filed August 18, 2026. Its largest client group by assets is pooled investment vehicles, and it reports 140 individual clients. By Form ADV it is a private fund adviser, ranked 2,433rd of 4,686 private fund advisers and 5,750th of 17,210 SEC-registered advisers by assets.
Main office 305-777-1660herzfeld.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $890M
- Rank among private fund advisers
- #2,433 of 4,686
- Rank among all SEC RIAs
- #5,750 of 17,210
- Rank in Florida
- #291 of 1,090
- Individual clients
- 140
- High-net-worth clients
- 125
- Accounts
- 349
- Discretionary
- 98% of AUM
- Employees
- 15
- Advisory staff
- 6
- Offices
- 1
Owners and executives on its Form ADV
- Thomas J. HerzfeldChairman and Sole Director
- Erik M. HerzfeldPresident, Secretary, Treasurer
- Thomas K. MorganChief Compliance Officer and Chief Operating Officer
Custody and brokerage
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 8 | $485M | 54% |
| High-net-worth individuals | 125 | $141M | 16% |
| Other | 127 | $125M | 14% |
| Charitable organizations | 11 | $47M | 5% |
| Corporations or other businesses | 10 | $45M | 5% |
| Investment companies | 1 | $42M | 5% |
| Individuals | 15 | $5M | <1% |
| Pension and profit sharing plans | 3 | $1M | <1% |
Private funds
Thomas J. Herzfeld Advisors, Inc. reports 9 private funds with $577M in gross assets: hedge funds, real estate funds, securitized asset funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Thomas J. Herzfeld Advisors, Inc. reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Other services
How it’s paid
- A percentage of assets under management
- Performance-based fees
- Other
Form ADV and brochures on the SEC’s adviser search ↗herzfeld.com ↗
AtlasMembers
The full record on Thomas J. Herzfeld Advisors, Inc.
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
- Locked
- Growth over one, three and five years
- Locked
- Rank against 2,194 peers of its type and size
- Locked
- Owners and executives, with titles and stakes
- 3 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 2Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Thomas J. Herzfeld Advisors, Inc. manage?
Thomas J. Herzfeld Advisors, Inc. reports $890 million in regulatory assets under management across 349 accounts, 98% of it on a discretionary basis, on its Form ADV filed August 18, 2026.
What kind of firm is Thomas J. Herzfeld Advisors, Inc.?
Thomas J. Herzfeld Advisors, Inc. is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.
Who are Thomas J. Herzfeld Advisors, Inc.’s clients?
By assets, its largest client types are pooled investment vehicles ($485 million, 8 clients); high-net-worth individuals ($141 million, 125 clients); other ($125 million, 127 clients).
Does Thomas J. Herzfeld Advisors, Inc. manage private funds?
Yes. It reports 9 private funds with $577 million in gross assets, including hedge funds, real estate funds, securitized asset funds, other private funds.
Does Thomas J. Herzfeld Advisors, Inc. have any disciplinary history?
Thomas J. Herzfeld Advisors, Inc. reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Thomas J. Herzfeld Advisors, Inc.’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-08-18), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →