Wellesley Asset Management acquires Halbert Wealth in US

Core Insights - Wellesley Asset Management has acquired Halbert Wealth, an SEC-registered investment adviser based in the greater Austin, Texas region, enhancing Wellesley's geographic reach and service offerings [1][2] - The acquisition allows Halbert Wealth clients to continue working with their trusted advisors while gaining access to Wellesley's expanded products and resources [1][2] - Wellesley emphasizes that both firms share similar client service and investment management approaches, aligning with Wellesley's independent operating model [2][3] Company Expansion - The acquisition is part of Wellesley's ongoing expansion strategy, which includes the recent opening of a new office in Portsmouth, New Hampshire, to support its growing investment advisory business [3][4] - The Portsmouth office will serve as Wellesley's principal headquarters, housing executive, portfolio management, and trading teams, while maintaining client service and operations teams in Massachusetts [4]