Thurston, Springer, Miller, Herd & Titak, Inc. (Indianapolis)

Name: Thurston, Springer, Miller, Herd & Titak, Inc.
Address: 9000 Keystone Crossing, Indianapolis, IN, 46240
Telephone: 317-581-4000

Thurston, Springer, Miller, Herd & Titak, Inc. is a large advisory firm based in Indianapolis. It manages $656.85 million of regulatory assets for 2,461 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Arizona, California, District of Columbia, and 15 other states.

Thurston, Springer, Miller, Herd & Titak provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, and educational seminars and workshops. It prepares financial plans for approximately 1,394 clients. On top of advisory services, the firm doesn't engage in other business activities.

Thurston, Springer, Miller, Herd & Titak: assets under management

The assets under management (AUM) of Thurston, Springer, Miller, Herd & Titak, Inc. is $656.85 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1376% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $656.85 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $266.9 thousand each.

Thurston, Springer, Miller, Herd & Titak has custody of $29.15 million in cash and securities for 72 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 60% of the total AUM. The second-largest asset type is exchange traded securities, which make up 34% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Thurston, Springer, Miller, Herd & Titak, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Lynette Herd serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Lynette Herd is high net worth individuals with 152 clients and $345.54 million of assets under management. Among the 6 most similar advisory firms, Thurston, Springer, Miller, Herd & Titak has the 2nd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $656.85 million for 1,391 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Thurston, Springer, Miller, Herd & Titak doesn't advise any private funds.

Careers at Thurston, Springer, Miller, Herd & Titak, Inc.

The company employs 89 people that are either part- or full-time employees. 61 percent of the employees work as investment advisers or researchers. 54 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Lynette Herd has been acting as President since 1 Sep 1980. James John Titak joined the executive team most recently as the Chairman Of The Board.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Lynette Herd	Secretary/treasurer/director/fin. ops. principal	1 Sep 1980	Other	815392
James John Titak	President	1 Feb 2000	75% - 100%	1008441
Robert Hughes Jr Springer	Municipal principal	1 Jan 2002	Other	432641
Gabriele Peggy Allen	Rosfp	1 Sep 2002	Other	1837806
Gary Stephen Baxter	Vice president	1 Jan 2004	Other	15277
Helen Kurlander Goldstein	Director	1 Jan 2004	Other	1920535
Brett Hays Curtis	Director	1 Jan 2004	Other	2464180
Paul Lee Iii Hargitt	Vice president	1 Oct 2004	Other	4208299
John Joseph Bruno	Vice president	1 Jul 2006	Other	33697
Richard Wilson Parker	Registered representative	1 May 2009	Other	5497397
Richard Wilson Parker	Vice president, director	1 Oct 2009	Other	5497397
Lisa Louise Lauria	Municipal principal, chief compliance officer	1 Jun 2013	Other	2742874
Brian Patrick Sweeney	Chief compliance officer / general counsel	1 Jan 2017	Other	4174087
James John Titak	Chairman of the board	1 Sep 2018	75% - 100%	1008441
Richard Wilson Parker	President and ceo	1 Sep 2018	Other	5497397

Based in Indianapolis

The principal office where Thurston, Springer, Miller, Herd & Titak, Inc. performs its advisory services is located at 9000 Keystone Crossing, Indianapolis, IN 46240, which is also the mailing address of the firm. An additional office of the firm is in Cincinnati, OH. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 317-581-4000 or by fax 317-581-4014. The normal business hours are 8:30 - 5:00 on Monday - Friday. You can find more information about the New York firm at thurstonspringer.com.