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.
In the 1960s and 1970s, the firm, a
member of NASD, the predecessor of the
Industry Regulatory Authority (FINRA), was primarily a
retail broker, located in downtown Manhattan.
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
In 2006 the firm, still retaining its
broker-dealer structure with FINRA oversight, also became
a registered investment adviser directly regulated by
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