{"url":"https://nivawealth.com/firms/the-herbst-group-309319","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/309319","regulatoryAum":204750725,"crd":"309319","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"5125974","suffix":null,"lastName":"HERBST","firstName":"BRIAN","middleName":"GABBE"},{"crd":"6069219","suffix":null,"lastName":"ZARRIN","firstName":"OMEED","middleName":null}],"total":2,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-04-29","regulatoryAum":141000000,"clients":152,"employees":5,"offices":2},{"filedOn":"2022-05-11","regulatoryAum":203957583,"clients":88,"employees":5,"offices":2},{"filedOn":"2023-06-30","regulatoryAum":168826909,"clients":103,"employees":3,"offices":2},{"filedOn":"2024-01-30","regulatoryAum":206643296,"clients":111,"employees":3,"offices":2},{"filedOn":"2025-01-29","regulatoryAum":206957094,"clients":134,"employees":3,"offices":2},{"filedOn":"2026-06-24","regulatoryAum":204750725,"clients":190,"employees":7,"offices":2}],"secFileNumber":"801-118872","legalName":"The Herbst Group, LLC","displayName":"The Herbst Group","slug":"the-herbst-group-309319","website":"https://herbstgroup.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/309319/06bd27bc8166bbe3-r1.webp","tone":"light","width":432,"height":200,"sourceUrl":"https://herbstgroup.com/","sourceLabel":"The Herbst Group, LLC, website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/the-herbst-group/","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"","city":"","state":"","stateName":"","country":"","postalCode":null},"tradeNames":[],"registration":{"secApproved":"5 June 2020","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1030997.947368421,"staff":{"employees":7,"advisory":4,"brokerDealerReps":0,"insuranceAgents":2,"promoters":0},"aum":{"regulatory":204750725,"discretionary":204750725,"discretionaryAccounts":294,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":203287831,"nonUsClientsPct":1,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":144,"regulatoryAum":30140049},{"label":"High-net-worth individuals","clients":46,"regulatoryAum":165749561},{"label":"Pension and profit-sharing plans","clients":null,"fewerThan5":true,"regulatoryAum":1462894},{"label":"Charitable organizations","clients":null,"fewerThan5":true,"regulatoryAum":6920572},{"label":"Corporations and other businesses","clients":null,"fewerThan5":true,"regulatoryAum":477649}],"feePrograms":[{"role":"main","program":"Wealth Management Services","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1049406","versionId":1049406,"ratePeriod":"annual","fee_billing":"arrears","submittedOn":"2026-06-24","documentName":"THE HERBST GROUP DISCLOSURE BROCHURE, WRAP FEE PROGRAM BROCHURE, BROCHURE SUPPLEMENTS, AND PRIVACY POLICY","fee_rate_low":0.2,"fee_rate_high":2,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Retirement Plan Advisory Services","summary":"Annual asset-based fee of up to 2.00% of plan assets, billed monthly in arrears; negotiable depending on plan size.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1049406","versionId":1049406,"submittedOn":"2026-06-24","documentName":"THE HERBST GROUP DISCLOSURE BROCHURE, WRAP FEE PROGRAM BROCHURE, BROCHURE SUPPLEMENTS, AND PRIVACY POLICY"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T16:37:42.13932+00:00","documents":[{"name":"THE HERBST GROUP DISCLOSURE BROCHURE, WRAP FEE PROGRAM BROCHURE, BROCHURE SUPPLEMENTS, AND PRIVACY POLICY","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1049406","versionId":1049406,"submittedOn":"2026-06-24"}]},"custodians":[{"name":"Fidelity Brokerage Services LLC","shortName":"Fidelity","location":"Smithfield, RI","smaAssets":203287831}],"custodyNote":"The Herbst Group has custody of $60.9M in client assets for 38 clients.","otherCustodians":[],"leadership":[{"name":"Brian Herbst","title":"Chief Executive Officer and Chief Investment Officer","crd":"5125974"},{"name":"Gabrielle Magdziarz","title":"Chief Compliance Officer","crd":"5832218"}],"ownership":[{"label":"Brian Herbst","detail":"Chief executive officer and chief investment officer in the 50% to 75% ownership band and a control person, since June 2020."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":1},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"212-488-1701","stateRegisteredReps":4,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":79},{"label":"U.S. government/agency bonds","percent":3},{"label":"U.S. state and local bonds","percent":10},{"label":"Investment grade corporate bonds","percent":2},{"label":"Non-investment grade corporate bonds","percent":1},{"label":"Derivatives","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":1},{"label":"Cash and cash equivalents","percent":3}],"privateFunds":0},"sources":{"adv1FilingDate":"24 June 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/309319/PDF/309319.pdf","brochureDate":"24 June 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1049406","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does The Herbst Group have?","answer":"The Herbst Group has 190 clients and manages $205 million for them, as of June 2026. They include 144 individual clients and 46 high-net-worth individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 24 June 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does The Herbst Group offer?","answer":"The Herbst Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does The Herbst Group charge?","answer":"The Herbst Group charges 0.20%–2.00% a year for its Wealth Management Services. The fee is billed in arrears and is negotiable.","source":"THE HERBST GROUP DISCLOSURE BROCHURE, WRAP FEE PROGRAM BROCHURE, BROCHURE SUPPLEMENTS, AND PRIVACY POLICY, filed 24 June 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does The Herbst Group use?","answer":"The Herbst Group’s separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $203M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 June 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does The Herbst Group have?","answer":"The Herbst Group has 4 investment adviser representatives registered with state securities authorities, out of 7 employees, and 4 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 employees are licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does The Herbst Group invest in?","answer":"At the end of its last fiscal year, The Herbst Group’s separately managed accounts held 79% exchange-traded equities, 10% state and local bonds, 3% U.S. government and agency bonds, 3% cash and equivalents, 2% investment grade corporate bonds, 1% high-yield corporate bonds, 1% derivatives and 1% registered funds (mutual funds, ETFs, BDCs).","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns The Herbst Group?","answer":"The Herbst Group’s direct owner is Brian Herbst (50% to 75%).","source":"Form ADV Part 1A, Schedules A and B, filed 24 June 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does The Herbst Group get paid?","answer":"The Herbst Group is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact The Herbst Group?","answer":"Its phone number is 212-488-1701. Its website is herbstgroup.com.","source":"Form ADV Part 1A, Item 1.F, filed 24 June 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}