Brian Michael Herald

Financial advisor at First Trust Advisors LP · Wheaton, IL

Last updated 2026-10-10

Brian Michael Herald is a financial advisor at First Trust Advisors LP in Wheaton, IL, CRD 7067730. Licenses and exams on the registration: Series 66. IAPD registration began 2019-03-26.

Registration

CRD number: 7067730
Registration status: Active
IAPD registration: 2019-03-26
Industry Experience: 7 years
Work Experience: 11 years
States registered: IL

Licenses and exams

Series 66

Work history

2015-01 to 2019-01 · Hc Technologies · Chicago, IL
2019-01 to Present · First Trust Portfolios LP · Wheaton, IL
2019-01 to Present · First Trust Advisors LP · Wheaton, IL

Current employment

First Trust Advisors LP · Wheaton, IL

SEC IAPD record for Brian Michael Herald

First Trust Advisors LP

Regulatory AUM: $309,241,000,000
Registered advisors: 607
Offices: 189
Clients per advisor: 9.4 (Low)
Average AUM per client: $54M (Moderate)
High-net-worth client ratio: 45.2% (Moderate)

First Trust Advisors LP: advisors, services and reported ETF investments

About

Brian Michael Herald is a financial advisor at First Trust Advisors LP in Wheaton, IL. Reported securities licenses include Series 66. The latest record indicates 7 years of industry experience and 11 years of reported work history. Reported roles include First Trust Portfolios LP, Hc Technologies.

First Trust Advisors LP's firm-level Form ADV reports 607 advisors across 189 offices; approximately 9.4 clients per advisor, average assets per client of $53,959,344, and regulatory AUM of $309.2B; client categories including Individuals (non-HNW), High net worth individuals, Investment companies, Pooled investment vehicles, Charitable organizations, Corporations or other businesses; services including Portfolio Management: Individuals and Small Businesses, Portfolio Management: Investment Companies, Portfolio Management: Pooled Investment Vehicles, Portfolio Management: Businesses or Institutional Clients, Selection of Other Advisers.

PortfolioFuture's firm-level 13F analysis covers $7.1B across 232 reported ETF positions for the 2026-06-30 reporting period. These are firm-level disclosures, not investments attributed to Brian Michael Herald personally.

Reported ETF positions

First Trust Advisors reports 232 ETF positions worth $7.1B on Form 13F; the largest are listed.

Largest ETF positions reported by First Trust Advisors
Fund	Reported value
EMXC — iShares MSCI Emerging Markets ex China ETF	$1.3B
FBT — First Trust Amex Biotech Index Fund	$840M
FTXL — First Trust Nasdaq Semiconductor ETF	$813.5M
QTEC — First Trust NASDAQ-100-Technology Sector Index Fund	$812.9M
FXL — First Trust Technology AlphaDEX	$809.3M

Source: SEC Form 13F. These are institution-level reported positions; they do not establish that any individual advisor or their clients hold a fund.

Noteworthy reported investments

First Trust Advisors's strongest reported position on each research ranking. Institution-level evidence, not this advisor's or any client's holding.

Firm-reported positions leading each research ranking
Ranking	Fund	Reported value	Percentile	Key figures
Similar Fund Ranking	DYNF — iShares U.S. Equity Factor Rotation Active ETF	$421.5K	Top 99.8%	Peer conviction 86.8% · Active return +4.88%
Addressable Market	DYNF — iShares U.S. Equity Factor Rotation Active ETF	$421.5K	Top 99.9%	Addressable AUM $14.9T · Peer conviction 86.8%
Residual Alpha	MGOV — First Trust Intermediate Government Opportunities ETF	$5.1M	Top 99.6%	Residual alpha +0.73% · Residual Sharpe 0.14
Diversification Benefits	FTSM — First Trust Enhanced Short Maturity ETF	$4.8M	Top 97.2%	Replicability (R²) 72.7% · Residual Sharpe 0.89

Historical comparisons from the published research release formed 2026-10-02; not forecasts or recommendations. Source: SEC Form 13F. These are institution-level reported positions; they do not establish that any individual advisor or their clients hold a fund.

What this firm offers

Filed by First Trust Advisors LP on Form ADV.

Client services

Individuals and Small Businesses
Investment Companies
Pooled Investment Vehicles
Businesses or Institutional Clients
Selection of Other Advisers
Publication of Periodicals or Newsletters

Fee options

Percentage of Assets Under Management
Performance-Based Fees
Other

Business and affiliations

Commodity Pool Operator or Trading Advisor
Broker-Dealer or Municipal Securities Dea
Other Investment Adviser (Incl. Financial
Commodity Pool Operator or CTA
Sponsor or Syndicator of Limited Partners
Sponsor or GP of Pooled Investment Vehicl
Adviser to Any Private Fund

Location

120 E. Liberty Drive, Wheaton, IL 60187

606 advisors at this office.

First Trust Advisors office in Wheaton, IL

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Contact

The firm's filed contact details.

Official record

View the official SEC IAPD record

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