SEC-Registered Investment Adviser
Thomas J. Herzfeld Advisors, INC.
Registration facts are from the firm's Form ADV Part 1A as published by the SEC, latest filing dated August 18, 2026. Figures are firm-level: they describe the advisory firm, not any single offering.
Registration
- Status
- Approved
- Registered since
- April 9, 1984
- Principal office
- 119 Washington Avenue, Suite 405, Miami Beach, FL 33139
- Organized as
- Corporation, FL
- Fiscal year end
- December
- Website
- HTTP://WWW.HERZFELD.COM
Scale
- Regulatory AUM
- $890.4M
- Discretionary / non-discretionary
- $870.4M / $20.1M
- Attributable to non-US clients
- $447.7M
- Accounts
- 349
- Clients
- 1
- Employees
- 15, 6 in advisory roles
- Private funds advised
- 9
- Private fund gross assets
- $577.2M
- Fund types
- 5 hedge funds, 1 real estate funds, 2 other private funds
- Funds with Form D records
- 1 issuer in AltStreet's ledger, $75.7M reported sold across them
- Client assets in custody
- $484.8M (6 clients)
Business, clients and compensation, as filed
- Advisory activities
- portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients and other advisory activities
- Compensated by
- a percentage of assets under management, performance-based fees and other
- Client types
- individuals (other than high net worth) (15); high net worth individuals (125); investment companies (1); pooled investment vehicles (8); pension and profit sharing plans (3); charitable organizations (11); corporations or other businesses (10); other (127)
- Related persons include
- a sponsor, general partner or managing member of pooled investment vehicles
- Wrap fee program
- Sponsors or manages a wrap fee program
Form ADV Item 11 disclosures
No yes answers on Item 11 as of the latest Form ADV (August 18, 2026). Item 11 covers the firm and its advisory affiliates.
Form D activity of the funds this firm advises, by year
1 issuer in AltStreet's EDGAR ledger are joined to this adviser through Form ADV Schedule D, with Form D filings from July 17, 2020 to October 14, 2025. 1 offering is still raising on the latest filing. Reported sold across them: $75.7M.Years are the year of each offering's first notice; sold and investors are the latest figures on each chain. Counts and totals only; the fund roster is in the terminal.
| First notice | Offerings | Reported sold | Investors |
|---|---|---|---|
| 2020 | 1 | $75.7M | 32 |
Registered funds this firm advises, from Form N-CEN
1 fundregistered under the Investment Company Act name this firm as investment adviser on the latest Form N-CEN. Net assets and the share of holdings at Level 3 or carried at NAV ("marks") are from the newest Form N-PORT; the flow series is on each fund's page in Terminal Pro. Fee and expense ratios are as the fund reported them on N-CEN.
| Fund | Type | Net assets | Marks | Mgmt fee | Net expenses |
|---|---|---|---|---|---|
| Herzfeld Credit Income Fund, Incas of June 30, 2026 | Registered fund | $38.6M | 17% | 1.25% | 4.33% |
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Source: SEC Form ADV via IARD (roster of October 6, 2026), matched to the platform by AltStreet analysts. Item 11 answers are as reported on the firm's Form ADV and cover the firm and its advisory affiliates; consult the firm's IAPD record for the Disclosure Reporting Pages. Brochure statements are the firm's own. Nothing on this page is investment advice.