DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

Former SEC-registered adviser

Halpern Financial, Inc.

Former SEC-registered adviserAshburn, VirginiaCRD 108822SEC 801-57444IAPD
Latest filing Mar 29, 2024
First filing on the tape Jan 24, 2012 · 33 filings
RAUM
$1.1B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
89%
$983M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
13
7 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
33 filings and snapshots on the tape
RAUM$1.1B as of Feb 5, 2024
Jan 24, 2012$168M then
HNW client RAUM$921M as of Feb 5, 2024
Mar 19, 2018$272M then
State-registered IARs (5.B.3)7 as of Feb 5, 2024
Jan 24, 20120 then
Employees (5.A)13 as of Feb 5, 2024
Mar 8, 20135 then
Private funds: no history
RAUM +33% over the last fiscal year+17% a year over threeIARs 6 to 7
Practice profile
derived from the filing of Mar 29, 2024; every figure names its basis
RAUM per advisor
$157MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
47derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$4.9MderivedHNW RAUM over HNW clients
Average account
$824,689derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
11%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.9derivedItem 5.A over advisors
Advisors per office
2.3derived3 offices incl. principal (1.F.5)
RAUM growth, one year
+33%derivedbetween the last two annual amendments
Advisor growth, one year
+17%derivedItem 5.B.3 between annual amendments
Client growth, one year
+10%derived
Compensation
percentage of assets, hourlyreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, pension consulting, otherreportedItem 5.G
Custody
$41.6M, 11 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$921M84%
  • Pension and profit-sharing plans$116M11%
  • Individuals$61.8M5.6%
Individual clients
140reported
HNW clients
188reported
Pension plan clients
6reported
Charitable clients
n/areported
Accounts
1,332reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$41.6M for 11 clientsreported
Compensation
% of AUM, hourlyreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Stephen Ted Halpern · President & Directorcontrol
      since 07/1998 · owns 75% or more
    • Guevara Melissa Sotudeh · Chief Compliance Officer, Managing Directorcontrol
      since 01/2015 · owns less than 5%
    Related persons
    Schedule D 7.A
    No related person reported.
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Naples, Fl000
    Olney, Md000
    Rockville, Md000
    Offices
    Schedule D 1.F, the 25 largest
    • Rockville, MD6 employees
    • , 1 employees
    What changed
    consecutive filings, newest first
    • Accounts · 1,133 to 1,332
      Mar 17, 2023 to Feb 5, 2024
    • Advisory employees · 6 to 7
      Mar 17, 2023 to Feb 5, 2024
    • HNW clients · 159 to 188
      Mar 17, 2023 to Feb 5, 2024
    • Individual clients · 139 to 140
      Mar 17, 2023 to Feb 5, 2024
    • Pension plan clients · 7 to 6
      Mar 17, 2023 to Feb 5, 2024
    • Assets in custody · $3.6M to $41.6M
      Mar 17, 2023 to Feb 5, 2024
    • Employees · 12 to 13
      Mar 17, 2023 to Feb 5, 2024
    • State-registered IARs · 6 to 7
      Mar 17, 2023 to Feb 5, 2024
    • Discretionary RAUM · $829M to $1.1B
      Mar 17, 2023 to Feb 5, 2024
    • HNW RAUM · $676M to $921M
      Mar 17, 2023 to Feb 5, 2024
    • Individual RAUM · $58.4M to $61.8M
      Mar 17, 2023 to Feb 5, 2024
    • Pension RAUM · $94.0M to $116M
      Mar 17, 2023 to Feb 5, 2024
    • RAUM · $829M to $1.1B
      Mar 17, 2023 to Feb 5, 2024
    • Accounts · 1,140 to 1,133
      Nov 2, 2022 to Mar 14, 2023
    • Advisory employees · 7 to 6
      Nov 2, 2022 to Mar 14, 2023
    • HNW clients · 154 to 159
      Nov 2, 2022 to Mar 14, 2023
    • Individual clients · 132 to 139
      Nov 2, 2022 to Mar 14, 2023
    • Pension plan clients · 8 to 7
      Nov 2, 2022 to Mar 14, 2023
    • Assets in custody · $4.2M to $3.6M
      Nov 2, 2022 to Mar 14, 2023
    • Employees · 11 to 12
      Nov 2, 2022 to Mar 14, 2023
    • Financial planning clients · 251-500 to unset
      Nov 2, 2022 to Mar 14, 2023
    • Discretionary RAUM · $863M to $829M
      Nov 2, 2022 to Mar 14, 2023
    • HNW RAUM · $699M to $676M
      Nov 2, 2022 to Mar 14, 2023
    • Individual RAUM · $57.6M to $58.4M
      Nov 2, 2022 to Mar 14, 2023
    • Pension RAUM · $107M to $94.0M
      Nov 2, 2022 to Mar 14, 2023
    • RAUM · $863M to $829M
      Nov 2, 2022 to Mar 14, 2023
    • Accounts · 994 to 1,140
      Mar 23, 2021 to Mar 23, 2022
    • HNW clients · 131 to 154
      Mar 23, 2021 to Mar 23, 2022
    • Pension plan clients · 7 to 8
      Mar 23, 2021 to Mar 23, 2022
    • Assets in custody · $67.3M to $4.2M
      Mar 23, 2021 to Mar 23, 2022
    • Employees · 10 to 11
      Mar 23, 2021 to Mar 23, 2022
    • Financial planning clients · unset to 251-500
      Mar 23, 2021 to Mar 23, 2022
    • Other offices · 1 to 2
      Mar 23, 2021 to Mar 23, 2022
    • Discretionary RAUM · $687M to $863M
      Mar 23, 2021 to Mar 23, 2022
    • HNW RAUM · $544M to $699M
      Mar 23, 2021 to Mar 23, 2022
    • Individual RAUM · $54.3M to $57.6M
      Mar 23, 2021 to Mar 23, 2022
    • Pension RAUM · $88.2M to $107M
      Mar 23, 2021 to Mar 23, 2022
    • RAUM · $687M to $863M
      Mar 23, 2021 to Mar 23, 2022
    • Accounts · 863 to 994
      Oct 27, 2020 to Mar 22, 2021
    • HNW clients · 115 to 131
      Oct 27, 2020 to Mar 22, 2021
    Signals
    13 dated events
    • Daniel Jon Trumbower left Halpern Financial, Inc. for Mai Capital Management, Llc (registered 2024-10-11)
      Oct 8, 2024 · Advisor changed firm · fact
    • Jennifer Mary Davis left Halpern Financial, Inc. for Mai Capital Management, Llc (registered 2024-10-17)
      Oct 8, 2024 · Advisor changed firm · fact
    • Kirsty Jane Peev left Halpern Financial, Inc. for Mai Capital Management, Llc (registered 2024-10-11)
      Oct 8, 2024 · Advisor changed firm · fact
    • Cody James left Halpern Financial, Inc. for Mai Capital Management, Llc (registered 2024-10-11)
      Oct 8, 2024 · Advisor changed firm · fact
    • Melissa Guevara Sotudeh left Halpern Financial, Inc. for Mai Capital Management, Llc (registered 2024-10-11)
      Oct 8, 2024 · Advisor changed firm · fact
    • Ted Stephen Halpern left Halpern Financial, Inc. for Ifocus Financial, Llc (registered 2011-01-12)
      Oct 8, 2024 · Advisor changed firm · fact
    • Halpern Financial, Inc.'s advisors moved to Mai Capital Management, LLC (Rockville, MD): 5 of 6 registered, on the same day
      Oct 8, 2024 · Firm absorbed (people side) · derived
    • David Michael Leone left Halpern Financial, Inc. for Forefront (registered 2024-08-27)
      Aug 22, 2024 · Advisor changed firm · fact
    • Halpern Financial, Inc. reported RAUM $1.1B, up 33% from $828.8M (2023-03-17 to 2024-02-05)
      Feb 5, 2024 · RAUM change · derived
    • Aaron Wayne Clarke left Halpern Financial, Inc. for Origin Investment Advisory Llc (registered 2022-06-28)
      May 24, 2022 · Advisor changed firm · fact
    • Halpern Financial, Inc. reported RAUM $863.2M, up 26% from $686.8M (2021-03-23 to 2022-03-23)
      Mar 23, 2022 · RAUM change · derived
    • Halpern Financial, Inc. reported RAUM $554.6M, up 36% from $409.2M (2019-06-19 to 2020-03-02)
      Mar 2, 2020 · RAUM change · derived
    • Halpern Financial, Inc. reported RAUM $383.4M, up 36% from $282.2M (2017-11-30 to 2018-03-19)
      Mar 19, 2018 · RAUM change · derived
    Across DFX
    shared identifiers only, never a name match
    No identifier-backed link to the venture, private equity, family office or sponsor graphs.
    Provenance
    Form ADV
    SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
    Advisors
    IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
    Class
    Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    n/aderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026