Halbert Wealth Management

Halbert Wealth Management

Gary Halbert founded the firm in 1995 in Austin, Texas, as a registered investment advisor focused on delivering market research and managed-account solutions to individual investors. The firm grew out of Halbert's popular investment newsletter, which critiqued conventional Wall Street wisdom and advocated tactical, risk-managed approaches. This publishing heritage remains central to the firm's identity; its weekly client letters and public commentary form the primary channel for client engagement and acquisition. Halbert Wealth Management uses a manager-of-managers model, conducting due diligence on external money managers and offering their strategies to clients via separately managed accounts. The firm historically emphasized tactical and trend-following disciplines — strategies designed to shift between asset classes or move to cash during adverse market conditions. Core asset classes typically include US equities, fixed income, and managed futures. The firm does not operate as a pooled fund manager; it acts as an intermediary, matching client capital with vetted third-party investment programs, with all trades requiring client approval. The firm is headquartered in Austin and has maintained a lean operational footprint consistent with a boutique RIA. While exact professional headcount and total client assets are not publicly available, the firm's recurring public commentary suggests a national client base of individual and high-net-worth investors, IRAs, and trusts. Halbert's written market outlooks — often contrasting active tactical management with passive buy-and-hold strategies — have been a durable fixture in the retail investment newsletter space for over two decades. Halbert Wealth Management's structural differentiator is its non-discretionary, publishing-led model. Most RIAs of similar vintage transitioned to discretionary AUM-based fee models and centralized portfolio management. Halbert instead operates as an informed intermediary: the firm researches managers, recommends allocations, and publishes detailed reasoning, but the client must consent to every trade. This architecture creates a transparency burden — every recommendation is publicly and permanently in print — that functions as a constraint on marketing hype and a check on strategy drift.