What’s in My Model Portfolio: Halbert Hargrove
Long Beach, Calif.-based RIA firm Halbert Hargrove has existed since the Great Depression and has seen every kind of market cycle since its founding in 1933. Its focus, according to co-CIO Brian Spinelli, is to serve clients through their various life phases, building portfolios that best suit their current needs.
With an AUM of approximately $3.6 billion, the firm has a wide-ranging client base. Approximately one-third of its clients have a net worth of $5 million or more, another third are in the $2.2 million and above bucket, and the rest are in the accredited investor category, which Halbert Hargrove defines as having a net worth of $1 million and above. As such, the firm’s clients have somewhat of a higher tolerance for private…
