Comprehensive Financial Planning for the Augusta River Region

HERRINGTON FINANCIAL SERVICES, iNC. is a RIA and Mike is a Certified Financial Planner Practitioner.
We specialize in Retirement Planning and Retirement income distribution planning.

Mission Statement: To empower my clients by providing disciplined guidance, appropriate choices and excellent service, while assisting them in meeting all their personal and financial services goals.

Vision:  To excel professionally as I assist my clients in the protection and growth of their wealth, formulation of their plans for the future, and the timely and accurate execution of those plans.

Guiding Principles: I will be honest in all my dealings with family, clients and business partners. I will conduct my business in an ethical manner, following the guidance of The Ten Commandments and The Golden Rule. I will focus on the needs of my clients and provide fair and unbiased advice. I will pursue knowledge for self-improvement and to better serve my clients. I will treat every person with respect, dignity, and compassion. I will give back to my church, my community and my industry.


Products & Services

Estate Planning

People spend a lifetime accumulating assets and building an estate with the intention of passing it on to their heirs or charitable beneficiaries. Without proper planning, a person’s death can create significant hardships on the people for which the estate was created. For an estate to be passed on...

Retirement Planning

Sometimes it can be very hard to think about the future, especially when there is so much going on in your present. This is how many people feel about planning for their retirement. A part of this is due to many employers offering retirement packages, leading individuals to think that what they need...

Life Insurance

No one ever plans to have an accident or succumb to a medical condition. Fortunately, with good health habits, we can look forward to a long life expectancy. Choosing the right life insurance is an important and responsible investment that ensures the wellbeing of our dependents and the appropriate...

Business Succession Planning

The death of a partner or major stockholder in a business can have devastating effects on both the business and the deceased partner’s surviving family. The business is concerned with gaining control of the deceased partner’s interest at a fair price so that it can continue operations without interf...

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When most people think about life insurance, it is something to be purchased when we’re young with financial responsibilities and dependents to protect. Any discussion about purchasing life insurance after we retire is often met with strong opinions as to whether or not it makes any financial sense. After all, the cost of life insurance increases significantly over the age of 65.
Steven Herrington |
The growing demand for more predictability and security planning for retirement income has led an increasing number of retirees and pre-retirees to look to annuities as way to provide more stability in their investment portfolios. They are also looking to annuities as a way to replace the third leg of the retirement income stool as a guaranteed lifetime income. Retirement planning occurs in different phases and at different stages of peoples’ lives. Depending on what...
Steven Herrington |
It’s never too early or too late to start planning for retirement. However, in the U.S., when it comes to retirement savings, later seems to be the standard. According to, only 56% of today’s workers in the U.S. are currently saving money for their retirement, and 38% of those currently saving have less than $10,000 saved. With one-third of Americans admitting that they have no retirement savings at all, it’s clear that many U.S....