HaLPern Financial, Inc. (Ashburn)

Name: HaLPern Financial, Inc.
Address: 20365 Exchange Street, Ashburn, VA, 20147
Telephone: 240.268.1000

HaLPern Financial, Inc. is a large advisory firm based in Ashburn. It manages $409.22 million of regulatory assets for 748 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of California, District of Columbia, Florida, and 8 other states.

HaLPern Financial provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

HaLPern Financial: assets under management

The assets under management (AUM) of HaLPern Financial, Inc. is $409.22 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 263% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $409.22 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $547.09 thousand each.

HaLPern Financial has custody of $51.1 million in cash and securities for 9 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 80% of the total AUM. The second-largest asset type is exchange traded securities, which make up 17% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay HaLPern Financial, Inc. for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients HaLPern Financial serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of HaLPern Financial is high net worth individuals with 89 clients and $298.99 million of assets under management. Among the 10 most similar advisory firms, HaLPern Financial has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $409.22 million for 219 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.

HaLPern Financial doesn't advise any private funds.

Careers at HaLPern Financial, Inc.

The company employs 10 people that are either part- or full-time employees. 70 percent of the employees work as investment advisers or researchers. 5 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ted Stephen Halpern	President & director	1 Jul 1998	75% - 100%	2152322
Milena Barbara Nilsen	Chief compliance officer	1 Sep 2010	Other	5869542
Melissa Guevara Sotudeh	Chief compliance officer	1 Jan 2015	Other	5126723

Based in Ashburn

The principal office where HaLPern Financial, Inc. performs its advisory services is located at 20365 Exchange Street, Ashburn, VA 20147, which is also the mailing address of the firm. An additional office of the firm is in Rockville, MD. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 240.268.1000 or by fax 240.449.8818. The normal business hours are 8:30 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at halpernfinancial.com and its LinkedIn profile.