This acquisition adds approximately $1.2 billion to MAI’s client AUM and expands its presence across Virginia, Maryland, and Florida.

MAI Capital Management, LLC (“MAI”), a registered investment adviser specializing in comprehensive investment and financial planning for high-net-worth individuals and families, today announced the acquisition of Halpern Financial (“Halpern”). Terms of the transaction were not disclosed.

With offices in Ashburn, VA and Rockville, MD and with a presence in Naples, FL, Halpern is a fee-only, independent fiduciary and registered investment advisor. Founded by Ted Halpern in 1991, the firm had $1.2 billion in client assets under management as of September 30, 2024.

“We were drawn to the Halpern team because of their passion for not only managing their clients’ money, but also providing them with the financial education they need to thrive for the long term,” said Rick Buoncore, Executive Chairman at MAI. “Ted and his team have longstanding success in valuing, uplifting, and serving their clients, and we look forward to partnering with them to continue that work.”

Halpern will adopt MAI’s brand identity and receive its internal infrastructure, including HR, operations, and marketing resources. As part of MAI, Ted Halpern, President, will take on the title of Regional President.

“When making this decision, we were looking for a like-minded partner to help bring our business into its next phase of growth. MAI is a perfect match for our client-first culture and mindset,” said Halpern. “This move allows us a clear pathway to deliver enhanced services and expertise to the individuals and families we serve across all asset levels, using MAI’s additional resources and unique capabilities.”

Halpern joined MAI effective October 4, 2024 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.

About MAI Capital Management

MAI is a registered investment adviser and wealth management firm unified in purpose to empower clients to simplify, protect, and grow the wealth they have worked so hard to build. Founded in 1973, the firm helps clients achieve their vision and goals through objective advice, tailored planning, comprehensive and integrated solutions, and highly personal service. The firm is headquartered in Cleveland OH with offices across 16 US states, a team of over 450 people, and, as of June 30, 2024, $23.6 billion in client assets under management. For more information, visit www.mai.capital or MAI’s company page on LinkedIn.

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