THOMAS J. HERZFELD ADVISORS, INC.
Adviser information for THOMAS J. HERZFELD ADVISORS, INC. last updated from Form ADV on March 28th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Corporation |
|---|---|
| Fiscal Year End | DECEMBER |
| Legal Location | Florida, United States |
Employees
| Total Number of Employees | 9 |
|---|---|
| Investment Advisory/Research | 4 |
| Registered Broker-Dealer Representatives | 0 |
| Registered State Investment Advisers | 0 |
| Licensed Agents of an Insurance Company | 0 |
| No. of Firms/People that Solicit Clients | 2 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 270 | $707.7M |
| Non-Discretionary | 10 | $19.2M |
| Total | 280 | $726.9M |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 9 | $2.5M |
| HNW Individuals | 116 | $119.6M |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 1 | $56.3M |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 5 | $357.4M |
| Pension and profit sharing plans | 5 | $2.0M |
| Charitable organizations | 9 | $53.5M |
| State or municipal gov entities | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses | 12 | $42.1M |
| Other | 123 | $93.4M |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 0 |
| No. of Non-U.S. Clients | 1 |
Services
| Advisory Services | Portfolio management for individuals and/or small businessesPortfolio management for investment companiesPortfolio management for pooled investment vehiclesPortfolio management for businesses or institutional clientsCONSULTING ON SUBJECTS RELATED TO CLOSED-END FUNDS AND PORTFOLIO MODEL LICENSING |
|---|---|
| Compensation | % of AUMPerformance-based feesCONSULTING FEES |
Wrap Fee Program
| Offers Wrap Fee Program | Yes |
|---|
| Acting As | RAUM |
|---|---|
| Sponsor | 0 |
| Portfolio Manager | 169.6M |
| Both for Same | 0 |
| Portfolio Manager to Program | Sponsor |
|---|---|
| GROWTH RBC VII | RBC |
| HERZFELD CLOSED-END FUND INVESTMENT PROGRAM | WELLS FARGO |
| HERZFELD CLOSED-END FUND INVESTMENT PROGRAM | MERRILL LYNCH |
| HERZFELD CLOSED-END FUND INVESTMENT PROGRAM | MORGAN STANLEY |
Principal Office
119 WASHINGTON AVENUESUITE 504
MIAMI BEACH
FL
United States
Monday - Friday, 9:00AM - 5:00PM
Tel: 305-777-1660, Fax: 305-777-1661
Chief Compliance Officer
THOMAS K MORGAN
CHIEF OPERATING OFFICER
119 WASHINGTON AVENUE
SUITE 504
MIAMI BEACH
FL
United States
Tel:
305-777-1660
Fax:
305-777-1661
T******@***********M
(Full email address available in API data)
Regulatory Contact
ERIK M. HERZFELD
PRESIDENT
119 WASHINGTON AVENUE
SUITE 504
MIAMI BEACH
FL
United States
Tel:
305-777-1660
Fax:
305-777-1661
E**@***********M
(Full email address available in API data)
Industry Affiliates
| HCM GP LLC | Sponsor, GP, manager of pooled investment vehicles |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|---|---|---|---|
| HCM CO-INVESTMENT I LLC | Hedge Fund | $8.5M | $0.0M | 4 |
| HCM CO-INVESTMENT II, LLC | Hedge Fund | $9.0M | $0.0M | 2 |
| THE HCM MASTER FUND LIMITED | Hedge Fund | $339.9M | $10.0M | 47 |
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| HERZFELD, THOMAS, JAY | Individual | – | CHAIRMAN AND SOLE DIRECTOR | 02/1984 | > 75% |
| HERZFELD, ERIK, MERVIN | Individual | – | PRESIDENT, SECRETARY, TREASURER | 10/2008 | < 5% |
| MORGAN, THOMAS, KENNETH | Individual | – | CHIEF COMPLIANCE OFFICER AND CHIEF OPERATING OFFICER | 09/2018 | < 5% |
No. Employees, Historic
RAUM, Historic
No. Clients, Historic
Holdings
From latest 13F, filed August 13th, 2024 for period ending June 30th, 2024
| Name | Class | Value $USD | # Shares | Private Fund |
|---|---|---|---|---|
| Abbott Laboratories | COM | 2K | 20 | – |
| AbbVie, Inc. | COM | 2K | 12 | – |
| Aberdeen Emerging Markets Equity Inc. | COM | 6K | 1K | – |
| Aberdeen Global Dynamic Dividend Fund | COM | 13K | 1K | – |
| Aberdeen Global Premier Properties Fund | COM SH BEN INT | 9K | 2K | – |
| Aberdeen Japan Equity Fund Inc | COM | 8K | 1K | – |
| Aberdeen Std Global Infrastructure | SHS BEN INT | 7K | 367 | – |
| Aberdeen Total Dynamic Dividend Fund | COM SH BEN INT | 8K | 947 | – |
| Adams Diversified Equity Fund Inc | COM | 2M | 107K | – |
| Adams Natural Resources Fund Inc | COM | 3M | 111K | – |
| Aersale Corporation | COM | 150K | 22K | – |
| Air Products and Chemicals, Inc. | COM | 3K | 10 | – |
| Alcon, Inc. | ORD SHS | 2K | 27 | – |
| AllianzGI Artificial Intelligence Opp Fund | COM | 154K | 7K | – |
| America Movil SAB de CV | SPON ADR L SHS | 182K | 11K | – |
| American Express Co | COM | 2K | 10 | – |
| American Tower Corporation | COM | 2K | 12 | – |
| Analog Devices Inc | COM | 3K | 12 | – |
| Apollo Global Mgmt Inc | COM | 2K | 21 | – |
| Apple Inc | COM | 280K | 1K | – |
| Applied Materials, Inc. | COM | 3K | 11 | – |
| AstraZeneca Group plc ADR | SPONSORED ADR | 3K | 35 | – |
| Berkley W R Corp | COM | 2K | 32 | – |
| Berkshire Hathaway Inc Del | CL B | 2K | 6 | – |
| BlackRock Calif Mun Income | COM SH BEN INT | 211K | 18K | – |
| BlackRock Cap Allocation Tr | COM | 3M | 204K | – |
| BlackRock Enhanced Equity Dividend Trust | COM | 5K | 597 | – |
| BlackRock Enhanced International Dividend Trust | COM BENE INTER | 19K | 3K | – |
| BlackRock ESG Cap Allc Tr | SHS BEN INT | 9K | 501 | – |
| BlackRock Health Sciences Trust II | COM SHS | 121K | 8K | – |
| BlackRock Innovation and Grw | SHS BEN INT | 5K | 681 | – |
| BlackRock Muni Income Tr II | COM | 315K | 29K | – |
| BlackRock Muni Intermediate Duration Fund Inc | COM | 533K | 43K | – |
| BlackRock Munihldngs Cali QL | COM | 3M | 265K | – |
| BlackRock MuniIvest FD II Inc. | COM | 537K | 49K | – |
| BlackRock Science and Technology Trust II | SHS BEN INT | 4M | 219K | – |
| Blackstone Strategic Cred 20 | COM SHS BEN IN | 2M | 173K | – |
| BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. | COM | 2M | 222K | – |
| BNY Mellon Mun Income Inc | COM | 938K | 130K | – |
| BNY Mellon Strategic Mun Bd | COM | 585K | 98K | – |
| Booz Allen Hamilton Hldg Cor | CL A | 1K | 8 | – |
| Boston Scientific Corp. | COM | 3K | 37 | – |
| Brookfield Real Assets Incom | SHS BEN INT | 4M | 286K | – |
| Carnival Corp | UNIT 99/99/9999 | 2M | 83K | – |
| Cboe Global Mkts Inc | COM | 1K | 6 | – |
| Cemex SAB de CV | SPON ADR NEW | 994K | 156K | – |
| Central Securities Corp | COM | 4M | 83K | – |
| Chevron Corp. | COM | 2K | 15 | – |
| Chord Energy Corporation | COM | 1K | 6 | – |
| Chubb Ltd | COM | 2K | 9 | – |
| Clearbridge Energy Midstrm O | COM | 2M | 49K | – |
| Clearbridge MLP and Midstrm | COM | 505K | 12K | – |
| CME Group Inc. | COM | 1K | 6 | – |
| Cohen & Steers Limited Duration Preferred and Income Fund, Inc. | COM | 3M | 169K | – |
| Columbia Seligman Premium Technology Growth Fund | COM | 114K | 3K | – |
| Comcast Corp. Cl A Common Stock | CL A | 2K | 51 | – |
| Consolidated Water Co Ltd | ORD | 162K | 6K | – |
| Copa Holdings SA | CL A | 2M | 16K | – |
| Cornerstone Strategic Value Fund Inc | COM | 9M | 1M | – |
| Cornerstone Total Rtrn Fd In | COM | 1M | 170K | – |
| Corteva Inc | COM | 1K | 21 | – |
| Dbx Etf Tr | XTRACK USD HIGH | 3K | 82 | – |
| Delaware Invts Natl Mun Inco | SH BEN INT | 772K | 73K | – |
| Destra Multi-Alternative Fd | COM | 6M | 702K | – |
| Diageo Plc | SPON ADR | 2K | 15 | – |
| Diamondback Energy Inc | COM | 3K | 15 | – |
| Eagle Pt Cr Co LLC | COM | 2M | 201K | – |
| Eaton Corp. plc (Ireland) | SHS | 1K | 4 | – |
| Eaton Vance New York Mun Bd | COM | 589K | 60K | – |
| Eaton Vance Tax-Managed Glob | COM | 3M | 304K | – |
| Ecofin Sustainable and Social Impact Term Fund | SH BEN INT | 144K | 13K | – |
| Empire State Realty Trust Inc | CL A | 693K | 74K | – |
| Entergy Corp New | COM | 2K | 21 | – |
| EVERTEC Inc | COM | 564K | 17K | – |
| Exchange Listed FDS Tr | SABA INT RATE | 392K | 18K | – |
| Federated Hermes Prem Muni I | COM | 401K | 35K | – |
| Ferguson Plc New | SHS | 2K | 11 | – |
| Fidelity Natl Information Sv | COM | 1K | 17 | – |
| First Amern Finl Corp | COM | 1K | 19 | – |
| First BanCorp/Puerto Rico | COM NEW | 2M | 89K | – |
| First Tr Exchange Trad Fd Vi | FST TR GLB FD | 3K | 126 | – |
| Fomento Economico Mexicano SAB de CV | SPON ADR UNITS | 1M | 11K | – |
| Forge Global Holdings Inc. | COM | 1K | 1K | – |
| Franklin Limited Duration Income Trust | COM | 3M | 469K | – |
| Freeport-McMoRan Inc. | CL B | 1K | 29 | – |
| FS Credit Opportunities Corp | COM | 23M | 4M | – |
| Gabelli Equity Trust Inc | COM | 5K | 918 | – |
| General American Investors Co Inc | COM | 5K | 102 | – |
| Goldman Sachs Etf Tr | ACTIVEBETA US LG | 13K | 123 | – |
| Goldman Sachs ETF TR | Activebeta Int | 5K | 136 | – |
| Goldman Sachs Group, Inc. (The) | COM | 3K | 6 | – |
| Grupo Aeroportuario del Sureste SAB de CV | SPON ADR SER B | 831K | 3K | – |
| High Income Secs Fd Shs | Shs Ben Int | 906K | 130K | – |
| Highland Floating Rate Opportunities Fund | SHS BEN INT | 20M | 3M | – |
| Idacorp Inc | COM | 2K | 25 | – |
| Invesco Actvely Mngd Etc Fd | Optimum Yield | 3K | 209 | – |
| Invesco California Value Municipal Income Trust | COM | 324K | 31K | – |
| Invesco QQQ Tr | UNIT SER 1 | 129K | 270 | – |
| Invesco Tr Invt Grade Muns | COM | 291K | 28K | – |
| Invesco Tr Invt Grade New Yo | COM | 452K | 40K | – |
| Investco CurrencyShares Japan | Japanese Yen | 241K | 4K | – |
| Ishares | ISHS 1-5YR Invs | 14K | 272 | – |
| Ishares Tr | 3 7 YR TREAS BD | 17K | 143 | – |
| iShares Tr | TRS FLT RT BD | 226K | 4K | – |
| Ishares Tr | ISHS 5-10YR INVT | 11K | 222 | – |
| Ishares Tr | 7-10YR TRSY BD | 5K | 51 | – |
| Ishares Tr | CORE MSCI EAFE | 8K | 104 | – |
| Ishares Tr | CORE S&P TTL STK | 30K | 249 | – |
| Ishares Tr | CORE TOTAL USD | 16K | 353 | – |
| Ishares Tr | JPMORGAN USD EMG | 8K | 87 | – |
| Ishares Tr | SHORT TRES BD | 26K | 233 | – |
| iShares Tr | Core US Aggbd ET | 37K | 383 | – |
| Ishares Tr 13 Yr | 1 3 YR TREAS BD | 23K | 286 | – |
| Japan Smaller Capitalization Fund Inc | COM | 12K | 2K | – |
| Johnson & Johnson | COM | 2K | 15 | – |
| JPMorgan Chase & Co | COM | 4K | 19 | – |
| Lamar Advertising Co New | CL A | 2K | 20 | – |
| Lennar Corp | CL A | 1M | 9K | – |
| Liberty All Star Equity Fund | SH BEN INT | 5K | 727 | – |
| Liberty All Star Growth Fund Inc | COM | 5K | 903 | – |
| Lockheed Martin Corp. | COM | 2K | 5 | – |
| Lowes Cos Inc | COM | 2K | 10 | – |
| M & T Bk Corp | COM | 1K | 8 | – |
| Marathon Pete Corp | COM | 1K | 7 | – |
| Marriott Vacations Worldwide Corp | COM | 976K | 11K | – |
| Martin Marietta Materials Inc | COM | 2M | 4K | – |
| MasTec Inc | COM | 4M | 35K | – |
| Matterport Inc | CL A | 3K | 731 | – |
| Mckesson Corp | COM | 2K | 4 | – |
| Meta Platforms Inc | CL A | 50K | 100 | – |
| Mexico Equity & Income Fd | COM | 11K | 1K | – |
| MFS High Yield Municipal Trust | SH BEN INT | 543K | 158K | – |
| MFS Investment Grade Municipal Trust | SH BEN INT | 550K | 70K | – |
| MFS Municipal Income Trust | SH BEN INT | 3M | 538K | – |
| Microsoft Corp | COM | 3K | 6 | – |
| Mid-Amer Apt Cmntys Inc | COM | 3K | 18 | – |
| Mondelez International, Inc. | CL A | 1K | 17 | – |
| Montana Technologies Corp | *W Exp 03/15/202 | 18K | 12K | – |
| Morgan Stanley Emerging Mkts | COM | 6K | 1K | – |
| Morgan Stanley India Investment Fund Inc | COM | 15K | 565 | – |
| Net Power Inc. | W EXP 06/08/202 | 75K | 33K | – |
| Netflix, Inc. | COM | 67K | 100 | – |
| Neuberger Brman Next Genera | COMMON STOCK | 5M | 376K | – |
| New Fortress Energy Inc | CL A | 2M | 84K | – |
| Nexpoint Diversified Rel Et | COM | 224K | 41K | – |
| NextEra Energy Inc | COM | 2M | 32K | – |
| Norwegian Cruise Line Holdings Ltd | SHS | 5M | 243K | – |
| Nuveen CA Qualty Mun Income | COM | 369K | 32K | – |
| Nuveen Core Equity Alpha Fund | COM | 5K | 340 | – |
| Nuveen Credit Strategies Income Fund | COM SHS | 78K | 14K | – |
| Nuveen Dow 30 Dynamic Overwrite Fund | SHS | 4M | 253K | – |
| Nuveen Floating Rate Income | COM | 7M | 759K | – |
| Nuveen Mortgage and Income Fund | COM | 1M | 79K | – |
| Nuveen Municipal Credit Inc. | COM SH BEN INT | 537K | 43K | – |
| Nuveen Municipal Credit Opp Fund | COM | 357K | 32K | – |
| Nuveen NASDAQ 100 Dynamic Overwrite Fund | COM SHS | 3M | 110K | – |
| Nuveen Pfd & Income Opportun | COM | 8M | 1M | – |
| Nuveen Quality Municipal Income Fund | COM | 2M | 213K | – |
| Nuveen Vriabl Rat Pfd & Inm | COM | 11M | 591K | – |
| NWTN Inc | W EXP 12/31/202 | 2K | 26K | – |
| OFG Bancorp | COM | 2M | 53K | – |
| OFS Credit Company Inc | COM | 1M | 153K | – |
| OneSpaWorld Holdings Limited | COM | 1M | 95K | – |
| Oppfi Inc Com | CL A | 20K | 6K | – |
| Otis Worldwide Corp | COM | 1K | 13 | – |
| Parker-Hannifin Corp | COM | 2K | 4 | – |
| PepsiCo, Inc. | COM | 2K | 13 | – |
| PGIM Global Short Duration High Yield Fund, Inc. | COM | 11K | 962 | – |
| PIMCO Access Income Fund | SHS BENFIN INT | 4M | 263K | – |
| PIMCO Calif Mun Income Fd II | COM | 529K | 90K | – |
| PIMCO Dynamic Income Strategy Fund | COM SH BEN INT | 34M | 2M | – |
| PIMCO Enhanced Short Maturity Active Exchange-Traded Fund | ENHAN SHRT MA AC | 3K | 29 | – |
| PIMCO Income Strategy FdII | COM | 3M | 385K | – |
| Pioneer Diversified High Income Trust | COM | 2M | 182K | – |
| Playa Hotels & Resorts Nv | SHS | 2M | 202K | – |
| Popular Inc | COM NEW | 2M | 19K | – |
| Procter & Gamble Co. (The) | COM | 2K | 13 | – |
| Progressive Corp | COM | 4K | 17 | – |
| ProShares Short VIX Short-Term Futures ETF | SHT VIX ST TRM | 14K | 220 | – |
| Purecycle Technologies Inc | W Exp 01/28/202 | 4K | 2K | – |
| Qualcomm Inc | COM | 3K | 16 | – |
| Raytheon Technologies Corp. | COM | 3K | 25 | – |
| Rivernorth Flexible Mun Income Fund II, Inc. | COM | 3M | 247K | – |
| RiverNorth Managed Duration Municipal Income Fund II, Inc | COM | 266K | 16K | – |
| Royal Caribbean Group | COM | 4M | 25K | – |
| Royce Value Trust Inc | COM | 5K | 344 | – |
| Saba Capital Income & Opport | COM | 4M | 463K | – |
| Salesforce Inc | COM | 1K | 5 | – |
| Seaboard Corp | COM | 433K | 137 | – |
| Select Sector Spdr Tr | ENERGY | 3K | 36 | – |
| Shell Plc | SPON ADS | 3K | 36 | – |
| Smith A O Corp | COM | 1K | 16 | – |
| Sound Point Meridian Cap Inc. | COM | 9M | 440K | – |
| SPDR Gold Tr | GOLD SHS | 301K | 1K | – |
| SPDR S&P 500 ETF Tr | TR UNIT | 212K | 390 | – |
| SPDR S&P MidCap 400 ETF Tr | UTSER1 S&PDCRP | 80K | 150 | – |
| SPDR Ser Tr | SPDR BLOOMBERG | 126K | 1K | – |
| Sprott Physical Gold and Silver Trust | TR UNIT | 176K | 8K | – |
| SRH Total Return Fund Inc | COM | 179K | 12K | – |
| Sun Cmntys Inc | COM | 1K | 9 | – |
| Suro Capital Corp | COM | 3M | 738K | – |
| TCW Strategic Income Fund Inc | COM | 9K | 2K | – |
| TE Connectivity Ltd | SHS | 1K | 8 | – |
| The European Equity Fund Inc | COM | 7K | 740 | – |
| The Gabelli Dividend & Income Trust | COM | 5K | 219 | – |
| The Herzfeld Caribbean Basin Fund Inc | COM | 6M | 2M | – |
| The Korea Fund Inc | COM NEW | 9K | 388 | – |
| The Mexico Fund, Inc. | COM | 11K | 694 | – |
| The New Germany Fund Inc | COM | 12K | 1K | – |
| The PNC Financial Services Group Inc | COM | 2K | 15 | – |
| The Taiwan Fund Inc | COM | 3M | 67K | – |
| Thermo Fisher Scientific, Inc. | COM | 3K | 6 | – |
| Thornburg Incm Builder Opp Tr | COM | 3M | 192K | – |
| TMC The Metals Company Inc | COM | 12K | 9K | – |
| Tortoise Energy Independence | COM | 3M | 84K | – |
| Tortoise Energy Infra Corp | COM | 2M | 46K | – |
| Tortoise Pipeline & Energy Fund, Inc. | COM | 2M | 56K | – |
| Tortoise Pwr & Energy Infras | COM | 4M | 247K | – |
| Trane Technologies Plc | SHS | 1K | 4 | – |
| Tri-Continental Corp | COM | 5K | 159 | – |
| Ulta Beauty Inc | COM | 1K | 3 | – |
| Union Pac Corp | COM | 2K | 10 | – |
| United States Oil Fund LP | UNITS | 90K | 1K | – |
| UnitedHealth Group Inc | COM | 2K | 3 | – |
| Vanguard Index Fds | MID CAP ETF | 13K | 52 | – |
| Vanguard Scottsdale Fds | MTG-BKD SECS ETF | 5K | 105 | – |
| Vanguard Specialized Funds | DIV APP ETF | 7K | 39 | – |
| Vesta Real Estate Corp | ADS | 1M | 38K | – |
| Virtus Stone HBR Emrg Mkts I | COM | 8K | 2K | – |
| Virtus Total Return Fund Inc. | COM | 3K | 630 | – |
| Visa Inc | COM CL A | 2K | 8 | – |
| Vulcan Materials Co | COM | 1M | 5K | – |
| Walmart Inc | COM | 3K | 39 | – |
| Wells Fargo Advantage Multi-Sector Income Fund | COM | 1M | 123K | – |
| Western Asset Mortgage Opp Fund Inc. | COM | 1M | 118K | – |
| Western Asset/Claymore Inflation-Linked Opportunities & Income Fund | COM | 52K | 6K | – |
| Western Asset/Claymore Inflation-Linked Securities & Income Fund | COM SH BEN INT | 167K | 21K | – |
| Wisdomtree Tr | Floating Rat Trea | 25K | 487 | – |