The THOMAS J. HERZFELD ADVISORS, INC. is a privately held investment adviser that advises $765.26mn in regulatory assets under management held in 2 SEC fund types across 2 investment strategies. THOMAS J. HERZFELD ADVISORS, INC. is a Public/Private Fund Assets increased by 183.09% over the last 5-years.
The Group has been registered with the SEC for 42.34 years and is comprised of 1 filing and 0 relying advisers. They operate out of 1 office location with their Headquarters at 119 WASHINGTON AVENUE SUITE 504, MIAMI BEACH, FLORIDA. The Group has not been subject to regulatory enforcement actions. They are regulated by 2 US and Non-US bodies.
They have 15 employees comprised of 6 investment and 9 non-investment staff. The total number of Employees increased by 66.67% over the last 5-years.
Their $765.26mn in assets advised are owned by 10 private funds, 1 public fund and BDCs and 24 other accounts. Assets of Pooled Investment Vehicles (Not IC or BDC) clients own $484.84mn or 63.36% of Total Assets and High Net Worth Individuals own $140.66mn or 18.38% of Total Assets.
The Group's top investment strategies include Long/Short Equity and FI/Credit - Diverse, representing 85.53% and 14.47% of total assets, respectively.
They advise 7 types of clients, top clients are Pooled Investment Vehicles (Not IC or BDC) and High Net Worth Individuals.
The Group uses 3 Fund Administrators, 2 Fund Auditors, 1 Prime Brokers, 3 Custodians and 3 Marketers. It does not report a third-party Fund Administrator in 3 private funds with $2.06mn in assets.
The Group discloses advisory fees, management fees and performance-based fees.
THOMAS J. HERZFELD ADVISORS, INC. names 1 sub-adviser SARATOGA INVESTMENT ADVISORS, LLC to 1 different fund advised by the group. The Group has been named as the sub-adviser to 0 funds.