“Coming together is a beginning, staying together is progress, and working together is success.”

— Henry Ford






Tri-Party “Piggyback” Clearing Arrangements

Broker-dealers, small to mid-sized banks, and credit unions that operate broker-dealers are feeling the increased cost pressures of new regulations, new technology, enhanced cybersecurity rules, more comprehensive FINRA compliance requests, as well as requiring greater clearing deposits. Many reputable clearing firms are increasing their qualifying criteria, net capital requirements, and/or increasing the minimum assets needed to access their platform. For any or all of these reasons, a tri-party clearing arrangement (sometimes known as a sub-broker or “piggyback”) with Herold & Lantern might make sense.

Simply put, a Tri-Party Clearing arrangement is an agreement between the clearing firm, the intermediary firm, and Herold & Lantern Investments. This frees up much of your time and energy allowing you to focus on growing your business and taking care of your clients, all while likely incurring substantial savings.

Our strong capital base, and our well-earned reputation over decades of long-term relationships, has made us the firm of choice for many broker-dealers.  Our track record speaks for itself: We currently have tri-party clearing arrangements with 13 broker-dealers accounting for in excess of several hundred registered representatives.

If you’d like to learn more about how our Tri-Party Clearing arrangement can help your business, lower your costs, grow and become more competitive, please contact Keith Lanton, confidentially at tel: 631.454.2000 | LinkedIn: https://www.linkedin.com/in/keith-lanton/ or This email address is being protected from spambots. You need JavaScript enabled to view it. 

The Four Pillars Of Institutional Distinction
Collaboration | Skill | Experience | Guidance

Company Info

35 Pinelawn Rd., Suite 101E
Melville, NY 11747

805 Third Avenue
18th Floor
New York, New York 10022

Our Disclosure

Wealth Advisory solutions provided by subsidiaries of Percheron Asset Management Group, Inc.: Herold Advisors Inc. and Lantern Wealth Advisors, LLC., SEC registered investment advisors. Securities offered through Herold & Lantern Investments Inc., a registered broker dealer, Member FINRA, MSRB, SIPC.

Bernard Herold & Co., Inc.
Rule 606(a)1 Reporting Public Disclosure


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Welcome to Herold & Lantern Investments, Inc., and our new web site! We invite you to take a look around.

Bernard Herold & Co., Inc., and Lantern Investments, Inc., both family-owned firms with decades of experience, have merged to become Herold & Lantern Investments, Inc.  What that means to our existing clients is simple: stabilityand opportunity.  Clients keep their account numbers, and the same talented professionals will continue to serve them. Plus, with significantly enhanced and technology driven capabilities, our already excellent level of customer service will be even better. Read more about the merger.

As you navigate the site you will see the scope and range of our services. We hope you will get to know more about the firm, and its leadership. One thing you can be assured of is that we remain committed to responsiveness. Clients can always reach their investment professionals, or either of us, directly.

If you are an investment professional interested in learning more about our firm, our plans for growth, and the opportunities we offer, let us hear from you. Your passion for financial services, and sincere desire to help your clients reach their goals, means that we should talk.

We have many people to thank for helping us reach this new milestone, but our success has, and always will, come from the trust our clients put in us – a trust we strive to earn every day.


With sincere appreciation,


Keith lanton

Larry Herold
Chief Operating Officer