MAI Capital Management, a registered investment adviser specializing in comprehensive investment and financial planning for high-net-worth individuals and families, has acquired Halpern Financial. Terms of the transaction were not disclosed.
With offices in Ashburn, Va., and Rockville, Md., and with a presence in Naples, Fla., Halpern Financial is a fee-only, independent fiduciary and registered investment adviser. Founded by Ted Halpern in 1991, the firm had $1.2 billion in client assets under management as of Sept. 30.
Halpern Financial joined MAI effective Oct. 4, as MAI’s 40th acquisition since 2018 and its eighth of 2024. In January, MAI acquired $1.4 Madison Wealth Management, which has a strong presence in Northern Virginia, making this the second expansion into the region of the year.
“When making this decision, we were looking for a like-minded partner to help bring our business into its next phase of growth,” said Halpern. “MAI is a perfect m
