On October 7, 2024, MAI Capital Management announced that it acquired Halpern Financial.
MAI Capital Management, LLC (“MAI”) announced on October 7, 2024 that it acquired Halpern Financial (“Halpern”), effective October 4, 2024. Under the terms of the transaction, Ted Halpern, founder of Halpern, will become the Regional President of MIA. Further terms of the deal were not disclosed.
MAI, based in Cleveland, Ohio, is a registered investment adviser and wealth management firm specializing in investment and financial planning for high-net-worth individuals and families. As of June 2024, MAI managed $23.6 billion in assets under management.
Halpern, based in Ashburn, Virginia, is a fee-only registered investment adviser providing financial consulting and portfolio management services. As of September 2024, Halpern had approximately $1.2 billion in assets under management.
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