Asset Strategy Consultants

HFMA Annual Conference, Turf Valley, "HFMA Past President's Recognition"

It is with a heavy heart that ASC announces the passing of our dear friend and colleague Charles E. Herget, Jr. – fondly known as “Ted.” On Thursday, March 2, 2023, Ted passed away at home surrounded by family. A memorial will be held in Vero Beach, FL on Monday, March 6, 2023.

Ted Herget and Al Morrison founded ASC in May of 1991. With a clear vision, the two worked together to grow a successful investment management firm servicing institutional clients. Ted’s magnetic personality and likability was instrumental in building client relationships. Whether it was relationships, marketing, or technology, Ted was on the forefront in keeping ASC current with industry trends. His business acumen and ability to pivot led to the array of services now offered by ASC.

Born in Baltimore and serving in the marines, Ted began his business career working for his father’s insurance company. He was a well-known face around town and would do anything for his friends and family. Community support and philanthropy were important to Ted, and he founded The Herget Foundation as a way to support the causes that were important to him. The Herget Foundation has created scholarships and given hundreds of grants since 1991.

With a generous heart, Ted was a bright light for all who knew him.

ASC extends our deepest sympathies to Ted’s wife, Sheila, and his three daughters.

Thank you to Dr. Marylou Yam for bringing Allison Lawrence, President of Stanley Black & Decker eCommerce, to speak to the Women's Leadership Institute of Baltimore. Great kick-off to March and Women's History Month!