What Halbert Wealth Management does

Halbert Wealth Management, Inc. is an SEC-registered investment adviser headquartered in Austin, Texas, founded in 1995 by Gary and Debi Halbert. The firm operates a curated multi-manager platform that distributes institutional-grade alternative investment strategies to individual accredited investors nationwide, with minimums tied to SEC-defined accredited investor, Qualified Client, and Qualified Purchaser thresholds. HWM does not run its strategies in-house as a single book; instead, it selects, diligeneces, and distributes third-party strategies organized across four risk categories (Core, Core Plus, Value Add, Opportunistic), including the Wellesley Convertible Bond strategy, Measured Risk's MRP Core/Lite/Growth options-based separately managed accounts, ZEGA's Buffered Index Growth (ZBIG), Dividend Max, ZSTK (stacked hedged equity), and Four Seasons tactical models, Kensington's Dynamic Allocation and Managed Income trend-following strategies, YCG's concentrated value equity approach, CNL Strategic Capital private equity (sub-managed by Levine Leichtman), and HWM's proprietary Alpha Advantage multi-input technical trading model. The firm charges recurring advisory fees disclosed in Form ADV Part 2A and reaches prospects primarily through the Forecasts & Trends weekly newsletter (published for nearly 30 years), educational webinars featuring partner managers, downloadable special reports, and personalized advisor consultations initiated via a Client Profile questionnaire.

The firm's go-to-market is sales-led and advisor-mediated: prospective clients complete a Client Profile to capture goals, risk tolerance, and expectations, after which an investment advisor recommends a tailored strategy mix. The platform is structured around an SEC fiduciary standard under the Investment Advisers Act of 1940, with full disclosure obligations designed to differentiate the firm from commission-based broker-dealers. Product depth is a function of partnerships rather than in-house quant build-out, with manager-level due diligence conducted by an internal Research and Due Diligence Committee and Investment Committee. Following the December 2025 acquisition by Wellesley Asset Management, Inc. (an SEC-registered RIA founded in 1991 managing approximately $2 billion and a 20+ year HWM partner), the firm became a subsidiary of Wellesley, with Wellesley CEO Michael Miller appointed President of HWM. The firm markets a thematic proposition of replacing the traditional 60/40 portfolio with absolute-return, low-correlation alternatives, and continues to operate with a six-person named team out of its Bee Caves Road office in Austin.

Name

Halbert Wealth Management

Legal name

Halbert Wealth Management, Inc.

Website

https://halbertwealth.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

1–10 employees

Short description

Halbert Wealth Management is an SEC-registered investment adviser in Austin, Texas, founded in 1995, that distributes institutional-grade alternative investment strategies to accredited investors nationwide through partner managers and recurring advisory fees. It also publishes the long-running Forecasts & Trends weekly newsletter and was acquired by Wellesley Asset Management in December 2025.

Ownership category

akta.pro rank

Product category

Investment Advisory Services

NAICS

Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Advisory Portfolio Management (Non-Discretionary) (FSAAABAD)

akta.pro secondary industry

Financial Planning & Goals-Based Advice (Mass Affluent) (FSAAAAAF)

Keywords

• Investment advisory services
• Wealth management
• Alternative investments
• Portfolio management
• Registered investment advisor

Headquarters

HQ city

Austin

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Investment Advisory Fees: HWM is a registered investment advisor that charges advisory fees for managed strategies programs. Specific fee details are disclosed in Form ADV Part 2A. The firm offers strategies across multiple risk categories (Core, Core Plus, Value Add, Opportunistic) with varying fee structures based on strategy type and investment amount.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Halbert Wealth Management is an SEC-registered investment advisor that provides personalized investment advisory services and access to institutional-grade alternative investment strategies to accredited investors. The firm curates and distributes a multi-manager platform of strategies spanning convertible bonds, options-based buffered equity, quantitative trend-following, value equity, private equity, and alternative income, with portfolio construction tailored through a Client Profile intake process.

Product overview

Halbert Wealth Management is an SEC-registered investment advisor offering a diversified portfolio of institutional-quality investment strategies. The firm operates as a platform-plus-strategies model, providing access to alternative investments including Wellesley Convertible Bond, Measured Risk (MRP Core/Lite/Growth), ZEGA strategies (ZBIG, Dividend Max, ZSTK, Four Seasons), Kensington strategies (Dynamic Allocation, Managed Income), YCG Concentrated Composite, CNL Strategic Capital, and HWM Alpha Advantage. Strategies are categorized by risk level: Core (Wellesley), Core Plus (CNL, Kensington Managed Income, MRP Lite, YCG), Value Add (Kensington Dynamic, MRP Core, MRP Growth, ZBIG IRA/Standard), and Opportunistic (Alpha Advantage, ZBIG Leveraged). Accredited investors gain access to additional alternative strategies including Private Real Estate Lending, Private Equity Funds, Private Credit, and Insurance-linked Strategies. The firm also publishes the Forecasts & Trends weekly newsletter. In December 2025, HWM was acquired by Wellesley Asset Management.

Differentiator

Problem solved

Functional benefit

Products and services

• Wellesley Convertible Bond

Quantifiable outcome

• Strategies designed to produce consistent gains while reducing risk
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• ZEGA Financial, LLCcoreStrategic or Co-development PartnerZEGA Financial provides multiple investment strategies offered through HWM including ZBIG (Buffered Index Growth), Dividend Max, ZSTK (Stacked Hedged Equity), and Four Seasons tactical models. Founded in 2011 with philosophy of different approach to investing, utilizing options strategies for profit-taking and volatility protection. Derek Moore serves as CEO and CIO.
• Wellesley Asset Management (Strategies)coreStrategic or Co-development PartnerWellesley Convertible Bond strategy offered through HWM. Wellesley was founded in 1991 and has been a trusted asset manager for over 20 years. Strategy uses fundamental multi-step analysis to select convertible bonds from financially strong companies with attractive provisions and positive prospects.
• Measured Risk (MRP)coreStrategic or Co-development PartnerMeasured Risk Portfolio strategy offered through HWM. Separately managed accounts (SMA) using synthetic long exposure via S&P 500 call options with fixed income allocation. Three variants: Core, Lite, and Growth with varying option allocation percentages. Portfolio Manager Bernard Surovsky.
• Kensington Asset ManagementcoreStrategic or Co-development PartnerKensington specializes in data-driven quantitative decision models for equity and fixed income markets. Strategies include Dynamic Allocation (Risk-On/Risk-Off based on trend-following) and Managed Income. Executive Director Jordan Flebotte leads the firm.
• YCG InvestmentscoreStrategic or Co-development PartnerYCG provides concentrated long-term value investing strategy. Seeks high risk-adjusted returns through concentrated stock selection of 15-30 positions in high quality businesses trading below intrinsic value. Principals Will Kruger and Elliott Savage.
• CNL Strategic Capital, LLCminorStrategic or Co-development PartnerCNL Strategic Capital is a private equity strategy offering long-term growth and monthly income. Sub-managed by Levine Leichtman. Provides first-time access to private equity traditionally limited to large institutional investors.
• Levine Leichtman Capital PartnersminorStrategic or Co-development PartnerInstitutional asset manager with 35+ years of history that sub-manages CNL Strategic Capital strategy. Partnering with CNL Financial Group (45+ years history) to provide private equity access to retail and institutional investors.
• Alpha Performance Verification ServicesminorOthersIndependent verification services provider for HWM Alpha Advantage performance record. Unaffiliated entity that provides net performance verification as reported by HWM.

Scale indicators4 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• Fisher Investments: Large RIA managing global equities, fixed income, and alternatives for institutional and high-net-worth private clients. Comparable in providing portfolio management services to HNW and accredited investors, though at much greater scale.
• Carson Group: RIA platform and wealth management firm serving financial advisors and their HNW clients with curated investment solutions and practice management support. Comparable in offering a curated multi-manager strategy platform to advisors.
• Creative Planning: Large, multi-strategy RIA serving HNW and accredited investors with personalized advice, alternative strategies, and financial planning. Highly comparable to HWM in client segment and approach, but at materially greater scale.
• Mariner Wealth Advisors: National RIA offering wealth advisory, alternative investments, and retirement planning to HNW clients. Comparable business model to HWM as a multi-strategy platform serving accredited investors, with significantly broader scale.
• Focus Financial Partners: RIA aggregator and partnership platform providing scale, capital, and infrastructure to independent wealth management firms. Relevant analog to Wellesley's acquisition of HWM as a strategic-partner/scale-up pathway for small RIAs.
• Edelman Financial Engines: Large independent RIA providing personalized financial planning and investment advisory to mass-affluent and HNW households. Comparable to HWM in fiduciary advisory model, though broader in scale and product scope.

Direct peers

• Stratos Wealth Partners: Independent RIA platform serving HNW and accredited investors with personalized advisory, alternative strategies, and financial planning. Closely comparable in target client segment and multi-strategy approach, with a similar institutional-strategy-for-individuals value proposition.
• Sanctuary Wealth: Wealth advisory platform serving ultra-HNW and HNW clients through partner advisors, offering alternative and institutional-quality strategies. Comparable curated-platform model to HWM, with similar target clientele.

Others

• Wellesley Asset Management: Parent company and convertible-bond manager that acquired HWM in December 2025. Comparable as an SEC-registered RIA focused on alternative fixed income and convertible strategies, with ~$2B in AUM. Closely tied to HWM via acquisition and 20+ year distribution relationship.

Emerging players

• ZEGA Financial: Specialist manager offering options-based buffered and hedged equity strategies (ZBIG, ZSTK, Dividend Max) that HWM distributes. Comparable in product category — these are the actual strategies HWM packages and sells through its advisory platform.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Halbert Wealth Management