Halberstadt Financial Consultants provides financial planning and portfolio management for individuals and small businesses. Financial planning was provided to 1–10 clients last fiscal year.
Halberstadt Financial Consultants reports 158 clients. They include 89 individual clients, 68 high-net-worth individuals and 1 pension or profit-sharing plan. Of its assets, 65.9% ($122M across 160 accounts) are managed with discretion; $63M across 177 accounts are not. It advised 1 client without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 56% | 11% |
| High-net-worth individuals | 43% | 85% |
| Pension and profit-sharing plans | <1% | 3% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 89 | $21M | 11.4% | $236K |
| High-net-worth individuals | 68 | $158M | 85.4% | $2.32M |
| Pension and profit-sharing plans | Fewer than 5 | $6M | 3.2% | $6M |
| Total | 158 | $185M | 100% | — |
- Clients
- 89
- Regulatory AUM
- $21M
- AUM share
- 11.4%
- Avg. per client
- $236K
- Clients
- 68
- Regulatory AUM
- $158M
- AUM share
- 85.4%
- Avg. per client
- $2.32M
- Clients
- Fewer than 5
- Regulatory AUM
- $6M
- AUM share
- 3.2%
- Avg. per client
- $6M
Total
- Clients
- 158
- Regulatory AUM
- $185M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 1
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Halberstadt Financial Consultants is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial planning and consulting
- Financial planning and consulting fees are charged at $345.00 per hour, with a 2½ hour minimum for a project, and may be negotiable in certain circumstances.
David Walter owns 75% or more of Halberstadt Financial Consultants. The leadership team of Halberstadt Financial Consultants includes President David Walter. It has 5 employees, 3 of them in advisory roles.
Leadership
David WalterPresident and Chief Compliance Officer
Investment adviser representatives
4 representatives listed in the SEC register as of 9 October 2026.
Staff
- 5 employees
- 3 in advisory functions
- 3 state-registered reps
- 1 insurance agent
- Owns 75% or more of Halberstadt Financial Consultants, Inc.
David Walter
Control person · since February 2000
Halberstadt Financial Consultants’ regulatory assets grew from $128M (March 2021) to $185M (March 2026); clients were 158 in both filings and employees were 5 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $185M | 158 | 5 | 1 |
| March 2025 | $150M | 163 | 5 | 1 |
| March 2024 | $136M | 154 | 5 | 1 |
| March 2023 | $130M | 126 | 5 | 1 |
| May 2022 | $135M | 171 | 5 | 1 |
| March 2021 | $128M | 162 | 5 | 1 |
Besides its headquarters, Halberstadt Financial Consultants has 0 offices, with 1 listed address in New Jersey.
New Jersey · 1 listed address
- 50 North Tulane St, PrincetonHQ
Contact and registration details
- Legal name
- Halberstadt Financial Consultants, Inc.
- Headquarters
- 50 North Tulane St, Princeton, NJ 08542-6912
- Website
- Not reported
- Phone
- 609-921-0180
- SEC file
- 801-57297
- Structure
- New Jersey corporation
- Fiscal year end
- December
Halberstadt Financial Consultants uses Charles Schwab ($126M) as custodian for its separately managed accounts. Halberstadt Financial Consultants does not have custody of client assets.
- Charles SchwabCharles Schwab · San Francisco, CA · $126M100%
At year end, Halberstadt Financial Consultants’ separately managed accounts were mostly in funds (77%) and stocks (20%).
What the accounts hold
- Stocks20%
- Funds77%
- Bonds1%
- Cash2%
How many clients does Halberstadt Financial Consultants have?
Halberstadt Financial Consultants has 158 clients and manages $185 million for them, as of March 2026. They include 89 individual clients, 68 high-net-worth individuals and 1 pension or profit-sharing plan.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does Halberstadt Financial Consultants offer?
Halberstadt Financial Consultants provides financial planning and portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Halberstadt Financial Consultants use?
Halberstadt Financial Consultants’ separately managed account assets are held at Charles Schwab (San Francisco, CA), with $126M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does Halberstadt Financial Consultants have?
Halberstadt Financial Consultants has 3 investment adviser representatives registered with state securities authorities, out of 5 employees, and 3 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Halberstadt Financial Consultants invest in?
At the end of its last fiscal year, Halberstadt Financial Consultants’ separately managed accounts held 77% registered funds (mutual funds, ETFs, BDCs), 20% exchange-traded equities, 2% cash and equivalents and 1% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Halberstadt Financial Consultants?
Halberstadt Financial Consultants’ direct owner is David Walter (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does Halberstadt Financial Consultants get paid?
Halberstadt Financial Consultants is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
Is Halberstadt Financial Consultants registered with the SEC?
Yes, Halberstadt Financial Consultants has been registered with the SEC as an investment adviser since 25 May 2000. Its CRD number is 109462 and its SEC file number is 801-57297.
Source: Form ADV Part 1A, Item 1, filed 31 March 2026; IAPD firm record
How do I contact Halberstadt Financial Consultants?
Halberstadt Financial Consultants’ main office is at 50 North Tulane St, Princeton, NJ 08542-6912. Its phone number is 609-921-0180.