DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
The Herbst Group, LLC
Latest filing Jun 24, 2026
First filing on the tape May 8, 2020 · 30 filings
SEC status approved since Jun 5, 2020
RAUM
$205M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
96%
$196M individuals and HNW
Advisors
2
registered through the firm on IAPD
RAUM per advisor
$102M
derived; firm RAUM over IAPD count
Employees
7
4 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
30 filings and snapshots on the tape
RAUM$205M as of Jun 24, 2026
Mar 30, 2021$141M then
HNW client RAUM$166M as of Jun 24, 2026
Mar 30, 2021$92.7M then
State-registered IARs (5.B.3)4 as of Jun 24, 2026
Mar 30, 20213 then
Employees (5.A)7 as of Jun 24, 2026
Mar 30, 20214 then
Private funds: no history
RAUM -1.1% over the last fiscal year+6.6% a year over threeIARs 2 to 4
Practice profile
derived from the filing of Jun 24, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
- Wrap program sponsor · sponsors a wrap fee program (5.I) with at least $100M of wrap assets
- RAUM per advisor
- $102MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 95derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.6MderivedHNW RAUM over HNW clients
- Average account
- $696,431derivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 4.1%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 3.5derivedItem 5.A over advisors
- Advisors per office
- 1.0derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- -1.1%derivedbetween the last two annual amendments
- Advisor growth, one year
- +100%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +42%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individuals, portfolio management for businesses and institutions, pension consultingreportedItem 5.G
- Wrap fee program
- $203MreportedItem 5.I
- Custody
- $60.9M, 38 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- has custody of client cash or bank accounts (9.A.1.a)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$166M81%
- Individuals$30.1M15%
- Charitable organizations$6.9M3.4%
- Pension and profit-sharing plans$1.5M0.7%
- Corporations and businesses$477,6490.2%
- Individual clients
- 144reported
- HNW clients
- 46reported
- Pension plan clients
- n/areported
- Charitable clients
- n/areported
- Accounts
- 294reported
- Financial planning clients
- 0reported
- Wrap fee programs
- $0 sponsored, $0 managedreported
- Custody of client assets
- $60.9M for 38 clientsreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.96 fund_share=0.0 institutional_share=0.04 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
2 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Brian Gabbe Herbst | Westfort, Ct | Jul 2, 2020 | 20 y | 0 |
| Omeed Zarrin | New York, Ny | Jan 8, 2026 | 11 y | 0 |
Advisor movement
1 left, 1 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 50% of current headcount1 left over 36 months
Left, latest
- Marni Handel to Wells Fargo AdvisorsMay 19, 2026 · RIA to wirehouse
- James Kirk Meyers to Laffer Tengler Investments, Inc.Jun 7, 2022 · RIA to RIA
Joined, latest
- Marni Handel from Gladstone Wealth PartnersOct 29, 2025 · RIA to RIA
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- Davis Donald Capelin · Co-Chief Investment Officer And Managing Directorcontrolsince 06/2020 · owns 5% to 10%
- Gabbe Brian Herbst · Chief Executive Officer And Co-Chief Investment Officercontrolsince 06/2020 · owns 50% to 75%
- Ann Hannah Perez · Chief Operations Officer And Chief Compliance Officercontrolsince 07/2020 · owns less than 5%
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Westport, Ct | 2 | 1 | 1 |
Offices
Schedule D 1.F, the 25 largest
- , 1 employees
What changed
consecutive filings, newest first
- Accounts · 297 to 294Nov 11, 2025 to Mar 20, 2026
- Advisory employees · 3 to 4Nov 11, 2025 to Mar 20, 2026
- HNW clients · 48 to 46Nov 11, 2025 to Mar 20, 2026
- Individual clients · 86 to 144Nov 11, 2025 to Mar 20, 2026
- Assets in custody · $64.7M to $60.9MNov 11, 2025 to Mar 20, 2026
- Employees · 6 to 7Nov 11, 2025 to Mar 20, 2026
- State-registered IARs · 3 to 4Nov 11, 2025 to Mar 20, 2026
- Discretionary RAUM · $207M to $205MNov 11, 2025 to Mar 20, 2026
- HNW RAUM · $177M to $166MNov 11, 2025 to Mar 20, 2026
- Individual RAUM · $22.4M to $30.1MNov 11, 2025 to Mar 20, 2026
- Pension RAUM · $1.1M to $1.5MNov 11, 2025 to Mar 20, 2026
- RAUM · $207M to $205MNov 11, 2025 to Mar 20, 2026
- Advisory employees · 2 to 3Jan 29, 2025 to Nov 11, 2025
- Assets in custody · unset to 64667940.0Jan 29, 2025 to Nov 11, 2025
- Custody of client assets · false to trueJan 29, 2025 to Nov 11, 2025
- Employees · 3 to 6Jan 29, 2025 to Nov 11, 2025
- Financial planning clients · 0 to 0Jan 29, 2025 to Nov 11, 2025
- State-registered IARs · 2 to 3Jan 29, 2025 to Nov 11, 2025
- Accounts · 315 to 297Nov 7, 2024 to Jan 29, 2025
- HNW clients · 35 to 48Nov 7, 2024 to Jan 29, 2025
- Individual clients · 76 to 86Nov 7, 2024 to Jan 29, 2025
- HQ city · unset to Nov 7, 2024 to Jan 29, 2025
- HQ state · unset to Nov 7, 2024 to Jan 29, 2025
- Discretionary RAUM · $207M to $207MNov 7, 2024 to Jan 29, 2025
- HNW RAUM · $176M to $177MNov 7, 2024 to Jan 29, 2025
- Individual RAUM · $23.2M to $22.4MNov 7, 2024 to Jan 29, 2025
- Pension RAUM · unset to 1117746.0Nov 7, 2024 to Jan 29, 2025
- RAUM · $207M to $207MNov 7, 2024 to Jan 29, 2025
- Accounts · 261 to 315Sep 8, 2023 to Jan 30, 2024
- HNW clients · 33 to 35Sep 8, 2023 to Jan 30, 2024
- Individual clients · 70 to 76Sep 8, 2023 to Jan 30, 2024
- Assets in custody · 12404248.0 to unsetSep 8, 2023 to Jan 30, 2024
- Custody of client assets · true to falseSep 8, 2023 to Jan 30, 2024
- Discretionary RAUM · $169M to $207MSep 8, 2023 to Jan 30, 2024
- HNW RAUM · $149M to $176MSep 8, 2023 to Jan 30, 2024
- Individual RAUM · $18.8M to $23.2MSep 8, 2023 to Jan 30, 2024
- RAUM · $169M to $207MSep 8, 2023 to Jan 30, 2024
- Accounts · 234 to 261Aug 11, 2022 to Feb 9, 2023
- Advisory activities · 5 to 4Aug 11, 2022 to Feb 9, 2023
- HNW clients · 36 to 33Aug 11, 2022 to Feb 9, 2023
Signals
14 dated events
- Marni Handel left The Herbst Group, Llc for Wells Fargo Advisors (registered 2026-07-29)May 19, 2026 · Advisor changed firm · fact
- James Kirk Meyers left The Herbst Group, Llc for Laffer Tengler Investments, Inc. (registered 2023-05-02)Jun 7, 2022 · Advisor changed firm · fact
- Kirk James Meyers (Vice President Of Investments And Chief Compliance Officer) no longer on Schedule A of The Herbst Group, Llc (listed 2022-03-19, absent 2022-05-11)May 11, 2022 · Control person left · inference
- Anthony Michael Peroni (Chief Financial Officer And Chief Operating Officer) no longer on Schedule A of The Herbst Group, Llc (listed 2021-03-30, absent 2021-04-29)Apr 29, 2021 · Control person left · inference
- Kirk James Meyers (Vice President Of Investments And Chief Compliance Officer) appeared on Schedule A of The Herbst Group, LlcApr 29, 2021 · Control person joined · fact
- Friedlander Susan Calzone (President And Chief Operating Officer) appeared on Schedule A of The Herbst Group, LlcApr 29, 2021 · Control person joined · fact
- Leigh Stacy Sizemore (Chief Compliance Officer) no longer on Schedule A of The Herbst Group, Llc (listed 2020-10-06, absent 2020-10-12)Oct 12, 2020 · Control person left · inference
- Patrick Craig Stuvland (Managing Member, President, Ceo) no longer on Schedule A of The Herbst Group, Llc (listed 2020-07-13, absent 2020-10-06)Oct 6, 2020 · Control person left · inference
- Lee David Beatty (Managing Member/Owner) no longer on Schedule A of The Herbst Group, Llc (listed 2020-07-13, absent 2020-10-06)Oct 6, 2020 · Control person left · inference
- Kendall James Dilworth (Managing Member/Owner) no longer on Schedule A of The Herbst Group, Llc (listed 2020-07-13, absent 2020-10-06)Oct 6, 2020 · Control person left · inference
- Davis Donald Capelin (Member) appeared on Schedule A of The Herbst Group, LlcJul 2, 2020 · Control person joined · fact
- Anthony Michael Peroni (Chief Financial Officer) appeared on Schedule A of The Herbst Group, LlcJul 2, 2020 · Control person joined · fact
- Gabbe Brian Herbst (Chief Executive Officer/Chief Investment Officer) appeared on Schedule A of The Herbst Group, LlcJun 30, 2020 · Control person joined · fact
- Anew Wealth Management filed its initial SEC registration (Form ADV)May 8, 2020 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Business email
- info@herbstgroup.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business email
- bgh@herbstgroup.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business email
- dcapelin@herbstgroup.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business email
- hperez@herbstgroup.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business email
- thg@herbstgroup.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 212-488-1701reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- linkedin.com/company/the-herbst-groupreportedpublic record, Form ADV, Sep 17, 2026
- Website
- herbstgroup.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- (212) 488-1701reportedpublic record, Form ADV, Jun 24, 2026
- Contact form
- herbstgroup.com/contactreportedpublished by the firm, firm site, Sep 16, 2026
- Team page
- herbstgroup.com/who-we-arereportedpublished by the firm, firm site, Sep 16, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $102Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026