# Herbert Kraus

> Herbert Kraus is a fee-only financial advisor at Teamwork Financial Group in Laredo, Texas. Herbert charges a percentage of assets (1.2% a year on the first tier of assets managed) and focuses on retirement planning, estate & legacy planning and tax planning.

Page: https://find.wellspent.co/advisors/herbert-kraus/
Built from SEC adviser records and the firm's website; last checked October 30, 2026.

## Facts

- **Firm:** Teamwork Financial Group
- **Based in:** Laredo, Texas
- **Fee model:** Percentage of assets
- **Fees (firm's website):** 1.2% a year on the first tier of assets managed
- **Accepting new clients:** Yes (firm's website)
- **Assets under management (firm):** $1.01B across 4,648 accounts
- **Specialties:** Retirement planning, Estate & legacy planning, Tax planning
- **Works with:** Retirees, Pre-retirees
- **CRD:** 5813244 (https://adviserinfo.sec.gov/individual/summary/5813244)
- **SEC registration:** Investment adviser representative in TX
- **Exams passed:** Series 65 (2016)
- **Firm size:** 26 employees
- **Disclosures:** None reported
- **Website:** http://www.teamworkfinancial.com

## Frequently asked questions

### Is Herbert Kraus a fee-only financial advisor?

Yes, according to SEC records as of October 29, 2026: Herbert holds no broker registration, and Teamwork Financial Group reports no commissions, no broker-dealer, and no insurance sales or affiliated insurance agency on its Form ADV.

### How does Herbert charge for financial advice?

Herbert charges a percentage of assets.

### How much does Herbert charge?

According to Teamwork Financial Group's website, checked October 30, 2026: 1.2% a year on the first tier of assets managed.

### Where is Herbert Kraus based?

Herbert Kraus is based in Laredo, Texas.

### What does Herbert specialize in?

Herbert's specialties include retirement planning, estate & legacy planning and tax planning. Herbert works with retirees and pre-retirees.

### Is Herbert Kraus registered with the SEC?

Yes. Herbert Kraus is registered as an investment adviser representative in TX (CRD 5813244), per SEC Investment Adviser Public Disclosure data as of October 29, 2026.

### How much does Teamwork Financial Group manage?

Teamwork Financial Group reports $1.01B across 4,648 accounts in assets under management.

### How do I contact Herbert Kraus?

Through Herbert's website, www.teamworkfinancial.com.

## Sources

- SEC adviser records (https://adviserinfo.sec.gov/individual/summary/5813244): the firm's Form ADV reports no commissions, no broker-dealer, and no insurance sales or affiliated insurance agency, and the advisor holds no broker registration
- SEC Investment Adviser Public Disclosure and Form ADV: registration, exams, and firm facts, data as of October 29, 2026
- The firm's website (https://teamworkfinancial.com/): specialties, clients served, and fees, checked October 30, 2026

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Source: Wellspent, the public graph of fee-only advisors (https://find.wellspent.co). No paid placement.