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.
Former SEC-registered adviser
Herr Investment Group LLC
Latest filing Mar 24, 2024
First filing on the tape Dec 22, 2021 · 12 filings
RAUM
$748M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
62%
$460M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
5
4 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
1
$182M gross assets
History
12 filings and snapshots on the tape
RAUM$748M as of Mar 24, 2024
Mar 24, 2023$911M then
HNW client RAUM$455M as of Mar 24, 2024
Mar 24, 2023$535M then
State-registered IARs (5.B.3)3 as of Mar 24, 2024
Mar 24, 20233 then
Employees (5.A)5 as of Mar 24, 2024
Mar 24, 20234 then
Private funds1 as of Mar 24, 2024
Mar 24, 20231 then
RAUM -18% over the last fiscal yearIARs 3 to 3
Practice profile
derived from the filing of Mar 24, 2024; every figure names its basis
- RAUM per advisor
- $249MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 53derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $3.5MderivedHNW RAUM over HNW clients
- Average account
- $4.3MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 2.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.7derivedItem 5.A over advisors
- Advisors per office
- 1.0derived3 offices incl. principal (1.F.5)
- RAUM growth, one year
- -18%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- +7.4%derived
- Compensation
- percentage of assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for pooled vehiclesreportedItem 5.G
- Custody
- $182M, 1 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)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$455M61%
- Pooled investment vehicles$182M24%
- Corporations and businesses$90.5M12%
- Pension and profit-sharing plans$14.7M2.0%
- Individuals$5.5M0.7%
- Charitable organizations$159,2270.0%
- Individual clients
- 28reported
- HNW clients
- 131reported
- Pension plan clients
- 3reported
- Charitable clients
- 1reported
- Accounts
- 174reported
- Financial planning clients
- 0reported
- Wrap fee programs
- noreported
- Custody of client assets
- $182M for 1 clientsreported
- Compensation
- % of AUM, performancereported
- Class basis
- absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
- Cary Scott Kornick to Journey Advisory Group, LLCSep 3, 2024 · RIA to RIA
Joined, latest
- Cary Scott Kornick from Monere Wealth Management, Inc.Feb 18, 2022 · RIA to a newly registered adviser
Private funds
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Pointillist Global Macro Series Of Pointillist Partners LLC | Hedge Fund | $182M | 31 | Oct 1, 2020 |
Owners and control persons
Schedule A and B, latest filing
- Allan Jorey Chernett · Managing Membercontrolsince 12/2023 · owns 5% to 10%
- David Daniel Herr · Managing Membercontrolsince 04/2021 · owns 50% to 75%
- Alan Matthew Okkerse · Chief Compliance Officer & Chief Financial Officercontrolsince 04/2022 · owns 5% to 10%
- Scott Cary Kornick · Managing Directorsince 12/2021 · owns 10% to 25%
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 |
|---|---|---|---|---|---|
| Round Lake, Il | 0 | 0 | 0 |
Offices
Schedule D 1.F, the 25 largest
- , 1 employees
What changed
consecutive filings, newest first
- Accounts · 162 to 174Jan 26, 2024 to Mar 24, 2024
- Advisory employees · 3 to 4Jan 26, 2024 to Mar 24, 2024
- Corporate clients · 9 to 10Jan 26, 2024 to Mar 24, 2024
- HNW clients · 115 to 131Jan 26, 2024 to Mar 24, 2024
- Individual clients · 33 to 28Jan 26, 2024 to Mar 24, 2024
- Assets in custody · unset to 182098494.0Jan 26, 2024 to Mar 24, 2024
- Custody of client assets · false to trueJan 26, 2024 to Mar 24, 2024
- Employees · 4 to 5Jan 26, 2024 to Mar 24, 2024
- Other offices · 3 to 2Jan 26, 2024 to Mar 24, 2024
- Discretionary RAUM · $911M to $748MJan 26, 2024 to Mar 24, 2024
- HNW RAUM · $535M to $455MJan 26, 2024 to Mar 24, 2024
- Individual RAUM · $7.8M to $5.5MJan 26, 2024 to Mar 24, 2024
- Pension RAUM · $13.4M to $14.7MJan 26, 2024 to Mar 24, 2024
- Pooled vehicle RAUM · $267M to $182MJan 26, 2024 to Mar 24, 2024
- RAUM · $911M to $748MJan 26, 2024 to Mar 24, 2024
- Other offices · 2 to 3May 2, 2023 to Jul 24, 2023
- Accounts · 115 to 162Oct 28, 2022 to Mar 24, 2023
- Advisory employees · 4 to 3Oct 28, 2022 to Mar 24, 2023
- Advisory activities · 3 to 2Oct 28, 2022 to Mar 24, 2023
- Charity clients · unset to 1.0Oct 28, 2022 to Mar 24, 2023
- Corporate clients · unset to 9.0Oct 28, 2022 to Mar 24, 2023
- HNW clients · 25 to 115Oct 28, 2022 to Mar 24, 2023
- Individual clients · 21 to 33Oct 28, 2022 to Mar 24, 2023
- Pension plan clients · 2 to 3Oct 28, 2022 to Mar 24, 2023
- Discretionary RAUM · $514M to $911MOct 28, 2022 to Mar 24, 2023
- HNW RAUM · $370M to $535MOct 28, 2022 to Mar 24, 2023
- Individual RAUM · $27.0M to $7.8MOct 28, 2022 to Mar 24, 2023
- Pension RAUM · $6.7M to $13.4MOct 28, 2022 to Mar 24, 2023
- Pooled vehicle RAUM · $110M to $267MOct 28, 2022 to Mar 24, 2023
- RAUM · $514M to $911MOct 28, 2022 to Mar 24, 2023
- Accounts · 0 to 115May 3, 2022 to May 19, 2022
- Advisory employees · 2 to 4May 3, 2022 to May 19, 2022
- HNW clients · unset to 25.0May 3, 2022 to May 19, 2022
- Individual clients · unset to 21.0May 3, 2022 to May 19, 2022
- Pension plan clients · unset to 2.0May 3, 2022 to May 19, 2022
- Pooled vehicle clients · unset to 1.0May 3, 2022 to May 19, 2022
- Employees · 2 to 4May 3, 2022 to May 19, 2022
- State-registered IARs · 2 to 3May 3, 2022 to May 19, 2022
- Private funds · unset to 1May 3, 2022 to May 19, 2022
- Discretionary RAUM · $0 to $514MMay 3, 2022 to May 19, 2022
Signals
6 dated events
- Cary Scott Kornick left Herr Investment Group Llc for Journey Advisory Group, Llc (registered 2024-08-30)Sep 3, 2024 · Advisor changed firm · fact
- Allan Jorey Chernett (Managing Member) appeared on Schedule A of Herr Investment Group LlcMar 24, 2024 · Control person joined · fact
- Herr Investment Group Llc reported RAUM $911.3M, up 77% from $513.7M (2022-10-28 to 2023-03-24)Mar 24, 2023 · RAUM change · derived
- Scott Cary Kornick (Managing Director) appeared on Schedule A of Herr Investment Group LlcMay 19, 2022 · Control person joined · fact
- Alan Matthew Okkerse (Chief Financial Officer) appeared on Schedule A of Herr Investment Group LlcMay 19, 2022 · Control person joined · fact
- Herr Investment Group Llc filed its initial SEC registration (Form ADV)Dec 22, 2021 · 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.
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
- Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- n/aderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026