DH
Derek M. Hertges
PRINCIPAL SECURITIES
West Des Moines, IA 50266
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CRD#: 7154725
DH
Professional summary
Derek M Hertges, AIF®, who also goes by Derek Hertges, is a registered financial advisor currently at PRINCIPAL SECURITIES, INC. located in West Des Moines, Iowa.
Derek is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 2019. Derek has worked at 1 firm and has passed the Series 66, Series 7TO and SIE exams.
Question & Answer
Are you a "fiduciary"?
Yes
Aliases
Derek Hertges
Other business activities
Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.
**Fixed Insurance; Investment Related; West Des Moines, IA; Agent; Fixed Life, DI, Medical LTC, Group, Dental, Vision, Health; Start Date: 10/16/2019; 20 hrs per month; 20 during trading hours. **Personal CPA Services/Tax Preparation; Not Investment Related; West Des Moines, IA; Personal CPA Services/Tax Preparation; CPA services (tax preparation) for a limited number of clients and potential clients; Start Date: 01/27/2020; 5 hrs per month; 5 during trading hours. **Rental Property; Not Investment Related; West Des Moines, IA; Owner; Personal property passive rental income.; Start Date: 08/05/2020; 5 hrs per month; 5 during trading hours. **TAX PREP MIDWEST PLLC POSITION: Owner NATURE: CPA/Accounting Services/Tax Preparation INVESTMENT RELATED: No NUMBER OF HOURS: 10 SECURITIES TRADING HOURS: 5 START DATE: 10/30/2022 ADDRESS: 555 SE Esker Ridge Drive, Waukee IA 50263, United States DESCRIPTION: Started a legal entity for my existing OBA for tax preparation/consulting services. This did not change the business at all, it was just added for legal protection and to open business bank accounts. **ALIGNED WEALTH ADVISORS (DBA) POSITION: Financial Advisor, CPA NATURE: All same functions as my existing IAR practice, just going under a DBA. INVESTMENT RELATED: Yes NUMBER OF HOURS: 160 SECURITIES TRADING HOURS: 160 START DATE: 11/01/2024 ADDRESS: 6701 Westown Parkway, Suite 200, West Des Moines IA 50266, United States DESCRIPTION: All same functions as my existing IAR practice, just going under a DBA. **ALIGNED ACCOUNTING, PLLC POSITION: Personal CPA Services/Tax Preparation NATURE: CPA/Accounting Services/Tax Preparation INVESTMENT RELATED: No NUMBER OF HOURS: 20 SECURITIES TRADING HOURS: 10 START DATE: 07/17/2025 ADDRESS: 555 SE Esker Ridge Drive, Waukee IA 50263, United States DESCRIPTION: CPA services for a limited number of clients and potential clients.
CRS (Client Relationship Summary) - RIA
Click below to view Derek M Hertges's CRS (Customer Relationship Summary).
CRS (Client Relationship Summary) - BD
Click below to view Derek M Hertges's CRS (Customer Relationship Summary).
Certified licenses
Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®
Experience
Current
September 17, 2019 - Present
PRINCIPAL SECURITIES, INC.
Office #1: 6701 Westown Pkwy Ste 200, West Des Moines, IA 50266RIA
BD
CRD#: 1137
West Des Moines, IA
Current
August 9, 2019 - Present
PRINCIPAL SECURITIES, INC.
Office #1: 6701 Westown Pkwy Ste 200, West Des Moines, IA 50266RIA
BD
CRD#: 1137
West Des Moines, IA
Primary Firm SEC Registration
This SEC-registered firm can serve clients nationwide. Some states may require the firm to submit a notice filing if the firm has more than 5 clients or a physical office there. You can view these state-level filings under the section titled "State Registrations and Notice Filings".
PRINCIPAL SECURITIES, INC.
BLC EQUITY SERVICES CORPORATION | PRINCOR FINANCIAL/ SERVICES CORPORATION | PRINCOR FINANCIAL SERVICES CORPORATION | PRINCIPAL SECURITIES, INC. | PRINCIPAL FINANCIAL SERVICES CORPORATION
CRD#: 1137 / SEC#: 801-54949, 8-13975
RIA
Registered Investment Advisory firm - SEC (10/10/1997 Approved)BD
Broker-Dealer Firm Regulated by FINRA (Kansas City district office)
State Registrations and Notice Filings
Listed states reflect where the advisor is authorized to serve clients under state regulations.
IAR
means the advisor is registered as an Investment Advisor Representative in this state and is authorized to provide investment advice to clients there.RR
indicates the advisor is registered as a Registered Representative in this state, allowing them to offer securities such as stocks, bonds, and mutual funds through a broker-dealer.Visual representation of state registrations
RR
Alabama(5/14/2021)
RR
Arizona(4/29/2022)
RR
California(9/30/2020)
RR
Colorado(7/17/2020)
RR
Connecticut(2/12/2024)
RR
Florida(7/22/2022)
RR
Georgia(7/13/2021)
RR
Idaho(2/24/2025)
RR
Illinois(9/30/2020)
RR
Indiana(7/13/2021)
RR
Iowa(9/17/2019)
IAR
Iowa(9/17/2019)
RR
Kansas(7/13/2021)
RR
Kentucky(10/14/2020)
RR
Michigan(9/29/2021)
RR
Minnesota(1/2/2020)
RR
Missouri(10/12/2021)
RR
Nebraska(4/29/2022)
RR
Nevada(1/11/2022)
RR
New Jersey(1/11/2022)
RR
New Mexico(7/17/2020)
RR
New York(1/11/2022)
RR
North Carolina(5/10/2021)
RR
Ohio(10/19/2023)
RR
Oklahoma(7/17/2020)
RR
Oregon(4/21/2023)
RR
Pennsylvania(3/1/2021)
RR
Rhode Island(4/14/2025)
RR
South Carolina(7/12/2022)
RR
South Dakota(8/26/2022)
RR
Tennessee(4/22/2025)
RR
Texas(3/13/2020)
IAR
Texas(6/17/2021)
RR
Virginia(9/30/2025)
RR
Washington(4/29/2022)
RR
Wisconsin(3/1/2021)
Exams
State Security Law Exam
General Industry/Product Exam
RR
Series 7TO
Date: 8/9/2019
General Securities Representative ExaminationGeneral Industry/Product Exam
SRO Registrations
RR
FINRA
Current Firm
PRINCIPAL SECURITIES, INC.
BLC EQUITY SERVICES CORPORATION | PRINCOR FINANCIAL/ SERVICES CORPORATION | PRINCOR FINANCIAL SERVICES CORPORATION | PRINCIPAL SECURITIES, INC. | PRINCIPAL FINANCIAL SERVICES CORPORATION
CRD#: 1137 / SEC#: 801-54949, 8-13975
RIA
Registered Investment Advisory firm - SEC (10/10/1997 Approved)BD
Broker-Dealer Firm Regulated by FINRA (Kansas City district office)
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Contact information
Main Address
711 High Street, Des Moines, IA 50392
Mailing Address
Principal Financial Group 711 High Street, Des Moines, IA 50392-2080
Phone number
(888) 774-6267
Established
Iowa since 05/01/1968
Firm type
Corporation
Fiscal year end
December
Firm Size
Large
# of Employees
1,436
SEC notice filing (51 States and Territories)
FINRA licenses (52 States and Territories)
Documents
Direct owners and executive officers
| Name | Position | CRD# |
|---|---|---|
| PRINCIPAL FINANCIAL SERVICES, INC. | OWNER | |
| AGRAWAL, VIVEK | DIRECTOR | 8050381 |
| CLAIRE, CHAD THOMAS | CHIEF INFORMATION OFFICER | 7219218 |
| DROGAN, THOMAS JOHN | CHIEF COMPLIANCE OFFICER | 2760482 |
| FRIEDRICH, AMY CHRISTINE | DIRECTOR | 7097797 |
| LAWLER, CODY ANTHONY | HEAD OF SUPERVISION, HEAD OF OPERATIONS | 5162072 |
| MCCULLUM, KENNETH ALLEN | DIRECTOR | 4695257 |
| MURRAY, MICHAEL FRANCIS | PRESIDENT/CHIEF EXECUTIVE OFFICER/CHAIR | 2074275 |
| RANTS, DOUGLAS JOHN | CHIEF INFORMATION SECURITY OFFICER | 7148529 |
| ROBERTS, DAWN MARIE | CHIEF FINANCIAL OFFICER | 7929617 |
| SCHELHAAS, NATHAN PAUL | DIRECTOR | 7275495 |
| SPADAFORA, CRAIG ALAN | SENIOR VICE PRESIDENT / HEAD OF ADVISORY AND PLATFORM | 3184320 |
| VANWINKLE, DANIEL SIMON | PSI AML OFFICER | 4715191 |
Regulatory assets under management
| Total Number of Accounts | 63,730 |
| AUM (Assets Under Management) | $ 14,827,718,110 |
Disclosures
| Regulatory Event | 9 |
| Arbitration | 3 |
| Bond | 3 |
Accountant surprise examination report
| Filing Date | Form ADV-E Cover | Form ADV-E Report |
|---|---|---|
| 09/26/2025 | ||
| 10/28/2024 | ||
| 11/28/2023 | ||
| 09/22/2023 | ||
| 12/20/2022 |
Red Flags
Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.
Check for any disclosures as part of your thorough research when choosing an advisor.
Company Information
PRINCIPAL SECURITIES, INC.
CRD#: 1137West Des Moines, IA 50266TRUST BUT VERIFY
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