Asset Management

Herold Advisors, Inc.

Herold Advisors, Inc. was founded in 1975 by Bernie Herold. Herold Advisors provides portfolio management services to individuals, business entities, trusts, estates, pension and profit sharing plans, charitable organizations, foundations and other institutions on a discretionary basis.

Through Herold Advisors, Inc. we offer a managed account program for our customers. In addition, Herold Advisors offers these portfolio management services under a wrap‐fee program.

Herold Advisors first reviews a client’s investment advisory needs, investment objectives and risk tolerances. Herold Advisors then works with the client to determine the optimum balance between equity, fixed income, mutual fund, and money market products to meet those needs.

Clients may impose restrictions on investing in certain securities or types of securities.

Asset Management Team

Larry Herold, CFA, graduated from Lehigh University with a B.S. in Finance and Management. Mr. Herold has served as President since December 1980. Larry is a member of the New York Society of Security Analysts, a Financial and General Securities Principal, a Senior Registered Options Principal and a former member of the New York Area Firms Advisory Committee of the Securities Industry Association. Larry is a former member of the Board of Directors of Catherine McAuley High School in Brooklyn.

Vidur Raj Bhalla, CFA, graduated with a degree in Accounting and Financial Management from Sydenham College of Commerce and Economics in Bombay India. Vidur also received his M.B.A. in Finance from the Lubin Graduate School of Business at Pace University in New York. Vidur is a member of the New York Society of Security Analysts, General Securities Principal, and a Registered Options Principal. Vidur currently serves as a Director of Mission For Vision (USA) Inc., which is a registered charity providing vision healthcare in developing countries.

Barbara Giammarco graduated from Wagner College with a degree in Economics and Business Administration. Barbara joined BH & Co. in 1985 from Merrill Lynch. Barbara is past Secretary of the Staten Island Lighthouse.

Mario J. Giammarco graduated with a B.S. in Electrical Engineering from New York Institute of Technology. Mario joined BH & Co. in 1985 from Merrill Lynch. Mario is past Chairman of the Staten Island Chamber Of Commerce, past President of the Staten Island Rotary Club and Director of the Italy-America Chamber of Commerce.

Francis Horneff graduated from Arizona State University with a B.A. in Education. Mr. Horneff has teamed with Henry Pacht since 1996 in managing Pacht/Horneff Asset Management, a division of Herold Advisors, Inc.

Henry Pacht, CFP, graduated from Hofstra University with a B.S. in Economics. Henry also received his M.B.A. in Finance from Pace University and M.S. in Economics from the New School for Social Research in New York. Henry joined Bernard Herold & Co., Inc. in 1986. Henry, along with Francis Horneff, manages Pacht/Horneff Asset Management, a division of Herold Advisors, Inc.

Bernard Herold & Co., Inc.

Bernard Herold & Co., Inc.