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P.R. Herzig & Co., Inc. was founded in 1957 by Philip Herzig, a long-time member of the New York Stock Exchange. Since its founding, the firm has evolved along with Wall Street.

1960s

In the 1960s and 1970s, the firm, a member of NASD, the predecessor of the Financial Industry Regulatory Authority (FINRA), was primarily a retail broker, located in downtown Manhattan.

1970s

In the 1970s, the firm developed a strong specialty business in South African gold stocks when gold prices soared after President Richard Nixon took the United States off the gold standard.

1980s to Present

Since the 1980s, while retaining its broker-dealer structure, the firm has operated primarily as an investment adviser, managing money for the Herzig family and long-time private clients, as well as a number of small institutions.

In 2006 the firm, still retaining its broker-dealer structure with FINRA oversight, also became a registered investment adviser directly regulated by the Securities and Exchange Commission (SEC).

M. Thomas Herzig, president, has managed investment portfolios for over 20 years.

 

FINRA membership and SEC oversight do not imply endorsement by these organizations.


 

Detailed History of the Firm by Thomas Herzig