Wellesley Asset Management acquires Halbert Wealth in US

Wellesley Asset Management has purchased Halbert Wealth, an SEC‑registered investment adviser based in the greater Austin, Texas region, US.

Financial details of the deal have not been disclosed by both the companies.

Halbert Wealth co-founder Debi Halbert added: “Our clients will continue working with the same trusted advisors they know, now with access to Wellesley's expanded products, resources, and capabilities.”

The transaction extends Wellesley’s geographic reach into the Austin market and adds to its range of services and investment capabilities.

Wellesley said the firms share similar approaches to client service and investment management.

Halbert Wealth clients will move onto Wellesley’s technology and operational platforms and will be able to use a wider set of investment options while continuing to work with their current advisors.

Wellesley characterised the acquisition as part of its ongoing expansion and as consistent with its independent operating model.

Wellesley Aset Management CEO Michael Miller said: “We are thrilled to welcome Halbert Wealth into the Wellesley family.

“Halbert Wealth's dedication to personalized wealth management and investment guidance aligns perfectly with our mission to deliver exceptional value and innovative investment solutions to our clients."

In December 2023, Wellesley Asset Management opened a new office in Portsmouth, New Hampshire, US.

The Portsmouth office supports all aspects of Wellesley's growing investment advisory business and serve as Wellesley's principal office headquartering the firm's executive, portfolio management and trading teams.

The company noted that its client service, relationship management, and operations teams will continue their presence in Massachusetts.

"Wellesley Asset Management acquires Halbert Wealth in US" was originally created and published by Private Banker International, a GlobalData owned brand.

The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.

View Comments