Halbert Wealth Management, Inc. (Austin)

Name: Halbert Wealth Management, Inc.
Address: 11719 Bee Cave Road, Austin, TX, 78738
Telephone: 512-263-3800

Halbert Wealth Management, Inc. is a large advisory firm based in Austin. It manages $116.23 million of regulatory assets for 642 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 45 other states.

Halbert Wealth Management provides portfolio management for individuals and small businesses and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Halbert Wealth Management: assets under management

The assets under management (AUM) of Halbert Wealth Management, Inc. is $116.23 million. The firm's AUM has grown by 55% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $34.95 million in discretionary accounts and $81.29 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $145 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $202.71 thousand.

Investments

The firm invests in investment grade corporate bonds the most. They account for 42% of the total AUM. The second-largest asset type is investment and business development companies, which make up 27% of the firm’s portfolio. Investments in pooled investment vehicles form 23% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Halbert Wealth Management, Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Gary Don Halbert serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Gary Don Halbert is individuals with 244 clients and $51.01 million of assets under management. Among the 7 most similar advisory firms, Halbert Wealth Management has the 4th highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $93.72 million for 291 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Halbert Wealth Management doesn't advise any private funds.

Careers at Halbert Wealth Management, Inc.

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Gary Don Halbert has been acting as President since 1 Aug 1995. Henry James Rohlfs joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gary Don Halbert	President	1 Aug 1995	75% - 100%	1129296
Debi Benson Halbert	Secretary/treasurer	1 Aug 1995	Other	1656634
Jon Patrick Meyer	Chief compliance officer	1 Nov 2004	Other	2959362
Phillip Ray Denney	Vice president	1 May 2011	Other	2521046
John Michael Posey	Senior vice president	1 May 2011	Other	2877209
Henry James Rohlfs	Vice president	1 Apr 2014	Other	3108145

Based in Austin

The principal office where Halbert Wealth Management, Inc. performs its advisory services is located at 11719 Bee Cave Road, Austin, TX 78738, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 512-263-3800 or by fax 512-263-3459. The normal business hours are 8:30am-4:30pm on Monday - Friday. You can find more information about the New York firm at halbertwealth.com.