Dr. Udo Herges, originally from Hanover, lives and works in San Diego as an investment advisor and owner of Herges Capital. With expertise in investment advising, portfolio management, and related financial services, he offers professional guidance for clients seeking structured and strategic financial solutions.
Schönen guten Tag!
I am originally from Hanover, Germany.
I participated in the Salomon Brothers Training Program for Business Production in New York City before working for Citigroup, the Swedish SEB, and the German Commerzbank.
I served as Vice President at Commerzbank in Germany, left in 2012, and founded Herges Capital in San Diego, California.
I am also an undefeated former U25 German Correspondence Chess Champion, as well as a chess coach and sponsor.
I follow a modern direct investment approach. So-called direct indexing purchases carefully selected individual bonds and stocks, thereby avoiding the third-party mutual fund and ETF fees typically charged by others.
My goal is not only to reduce your current tax obligation to zero whenever possible, but also to prevent future tax burdens from accumulating. In addition, I focus on protecting and preserving your assets through more thorough diversification than most competitors.
Under the Investment Advisor Act of 1940, investment advisors must act in their clients’ best interests, holding a fiduciary duty similar to that of doctors or lawyers. Brokers, by contrast, follow a lower “suitability” standard—selling expensive products that may benefit them more than their clients.
Dual registrants, licensed as both investment advisors and brokers, can continue to act as brokers. Clients cannot tell in which of the two roles an investment decision is being made. Therefore, even more relevant than being a fiduciary is what Herges Capital is not: we are not a broker – and that makes us somewhat rare. Only 12% of all financial advisors in the U.S. are independent fiduciaries not associated with a broker.
