Herr Capital Management LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$72,427,502
Clients
112
Advisors
2
of 2 employees
About
Herr Capital Management, LLC is an independent wealth management firm that serves individuals and families as well as banks, pension and profit‑sharing plans, trusts, estates, charitable organizations and businesses. The firm provides comprehensive financial planning, discretionary and non‑discretionary investment management, retirement‑plan consulting, and a third‑party class‑action monitoring and claims service through Chicago Clearing Corporation.
Herr Capital employs a range of active allocation models and customizable portfolios — including named strategies such as Income Navigator, several Active Tilt allocations, Focused Dividend, and an aggressive “LobbyPops” strategy — and may use ETFs, mutual funds, options, margin, and illiquid alternatives where appropriate. Financial planning and advisory engagements are offered on retainer, fixed‑fee or hourly bases, and accounts can be managed at the household level with documented investment policy statements and periodic reviews.
Notable distinctions drawn from the firm’s disclosures include advisers’ roles as licensed insurance agents and affiliated marketing names (1903 Agency and ProtectedIRA) and an arrangement to facilitate annuity/insurance broker‑of‑record changes through Halo Securities/Halo Investing Insurance Services; those activities can result in commission compensation and are disclosed as potential conflicts. The firm also emphasizes employer/participant education and informational outreach as part of its retirement‑plan services and has added formal class‑action monitoring via Chicago Clearing Corporation, practices that are less common among similarly sized peers.
Client services
Expertise
Occupation focus
Fee options
Financial planning fixed fees with minimum $3,500 annually (or $291.67/month); fees negotiable; Retainer agreements at discretion of firm.
$50,000 - $149,999: 1.55% annually $150,000 - $499,999: 1.35% annually $500,000 - $999,999: 1.20% annually $1,000,000 - $1,999,999: 1.00% annually $2,000,000 - $4,999,999: 0.90% annually $5,000,000+: Negotiable
Advisors are licensed insurance agents and may receive commissions from insurance product sales; clients are not required to purchase products through the firm.
Professional time: $350/hour; Administrative time: $85/hour; rates negotiable.
Minimum fee: Minimum annual fee may apply; some clients with low account balances may pay up to 2% to meet minimum annual fee. Fee-only: Fees are negotiable at the sole discretion of Herr Capital Management, LLC.
Main office
10231 S. Western Avenue, Suite 1 A
Chicago IL 60643
Advisors at this office
2
Most active in
Illinois · Indiana · Pennsylvania · Texas
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Is not active or affiliated with:
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
Quick links
Advisors at this firm
Melissa O
Series 63, Series 65
Chicago, IL
Herr Capital Management LLC
Melissa Osika is an investment advisor with Herr Capital Management LLC in Chicago, IL, holding Series 63 and Series 65 licenses and bringing 19 years of industry experience. She has worked at Herr Capital Management since 2017 and previously held positions at American Portfolios Financial Services, Inc., SSN Advisory, Inc., and Securities Service Network. In addition to her advisory role, she is a licensed insurance agent offering life, health, disability, long-term care, and fixed annuities. Herr Capital Management LLC is a private wealth advisory firm serving individuals, families, trusts, estates, charitable organizations, and employer-sponsored retirement plans. The firm employs a disciplined investment process with strategic and tactical allocation adjustments and offers financial planning, discretionary investment management, and retirement-plan consulting.
Terrence H
CFP®, Series 63, Series 65
Chicago, IL
Herr Capital Management LLC
Terrence Herr is a CFP® with 31 years of industry experience, currently serving as a financial advisor at Herr Capital Management LLC in Chicago, IL. He has been with Herr Capital Management since 2000 and has also worked at American Portfolios Financial Services, Inc. since 2010. Outside of advisory services, he is involved in insurance sales as an independent agent and owns ProtectedIRA.com, which sells fixed insurance products. Herr Capital Management, LLC is a private wealth advisory firm serving individuals, families, trusts, estates, charitable organizations, and employer-sponsored retirement plans. The firm provides financial planning, discretionary investment management, and retirement-plan consulting, employing a disciplined investment process with options including income-focused, equity-tilt, and faith-based strategies.
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