Halberstadt Financial Consultants, Inc. (Princeton)

Name: Halberstadt Financial Consultants, Inc.
Address: 50 North Tulane St, Princeton, NJ, 08542
Telephone: 609-921-0180

Halberstadt Financial Consultants, Inc. is a large advisory firm based in Princeton. It manages $107.2 million of regulatory assets for 341 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of New Jersey and Pennsylvania.

Halberstadt Financial Consultants provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Halberstadt Financial Consultants: assets under management

The assets under management (AUM) of Halberstadt Financial Consultants, Inc. is $107.2 million. The firm's AUM has grown by 218% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $50.75 million in discretionary accounts and $56.46 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $315.19 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $313.64 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 67% of the total AUM. The second-largest asset type is exchange traded securities, which make up 19% of the firm’s portfolio. Investments in cash and cash equivalents form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Halberstadt Financial Consultants, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Halberstadt Financial Consultants serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Halberstadt Financial Consultants is high net worth individuals with 44 clients and $78.7 million of assets under management. Among the 9 most similar advisory firms, Halberstadt Financial Consultants has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $107.2 million for 139 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.

Halberstadt Financial Consultants doesn't advise any private funds.

Careers at Halberstadt Financial Consultants, Inc.

The company employs 5 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. 3 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
David Walter	President and chief compliance officer	1 Feb 2000	75% - 100%	4388506

Based in Princeton

The principal office where Halberstadt Financial Consultants, Inc. performs its advisory services is located at 50 North Tulane St, Princeton, NJ 08542, 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 609-921-0180 or by fax 609-921-8301. The normal business hours are 9:00-500 on Monday - Friday. You can find more information about the New York firm at halberstadtfinancial.com.