Bruce Herbert is a registered investment advisor at Newground Social Investment, based in Seattle, WA, with 25 years of industry experience. Bruce operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management, Socially Responsible Investing. Their firm serves 125 clients with $140M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $750K | 1.20% |
| $750K - $1.0M | 1.10% |
| $1.0M - $3.0M | 1.00% |
| $3.0M - $5.0M | 0.90% |
| $5.0M - $10.0M | 0.75% |
| $10.0M - $35.0M | 0.60% |
| $35.0M - $50.0M | 0.45% |
| $50M+ | 0.30% |
For larger accounts, Newground may recommend engaging separate account managers as sub-advisors to directly manage portions of the overall portfolio, using individual securities instead of mutual funds or exchange traded funds (ETFs). Fees for separate account managers are in addition to the advisory fee schedules noted here. The current rates are 0.12% for fixed income (bond) management and 0.29% for tax- managed equities (stocks). For retirement and non-taxable accounts that cannot benefit from tax-efficient management, there is a 5 basis point reduction in the equity rate, to 0.24%. At the sole discretion of Newground, fees are negotiable.
Fee Estimator
Location
111 Queen Anne Ave N, Suite 500, Seattle, WA, 98109
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Learn about disclosures →Employment History
Current Registrations
Newground Social Investment
Previous Registrations
Newground Investment Services, or Newground
Newground Investment Services, or Newground
State Registrations1 state
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