Segment Wealth Management, LLC

RIASEC RegisteredEst. 2012
Total AUM
$2.1B
Discretionary
$2.1B
100% of AUM
Avg account
$1.7M
Accounts
1,214
Employees
12
Advisory reps
5

Firm details

Headquarters
Houston, Texas
CRD number
164877
Registered since
August 27, 2012
Custodians
CHARLES SCHWAB & CO., INC.
Fee structure
Percentage of AUM, Hourly Charges, Fixed Fees
Client types
  • HNWI96.09%
  • Charitable Organizations1.5%
  • Individuals0.88%
  • Pension & Profit Sharing Plans0.87%
  • Corporations / Businesses0.66%
Services
Portfolio Management for IndividualsPortfolio Management for Institutional ClientsPension ConsultingSelection of Other Advisers

Firm profile

FINTRX

Overview

Segment Wealth Management, LLC is an independent registered investment adviser organized as an LLC and SEC-registered since 2012. The firm serves both individual/family clients and institutional accounts and positions itself as a capital allocator that selects third‑party managers alongside direct portfolio management. Its billing mixes percentage-of-AUM fees with hourly and fixed-fee engagements. Advisory services listed include portfolio management for individuals, small businesses and institutions, pension consulting and the selection of other advisers. The firm is not identified as an active ESG investor. Segment Wealth Management has appeared on industry lists for top RIAs, including FA Magazine’s Top RIA Firms in 2020 and Forbes’ Top RIA Firms in 2024.

Assets & Accounts

Public Holdings

Investments & Alternatives

Investment profile

FINTRX

Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

FINTRX

CRM & tech providers

TAMPs used

Clients

FINTRX

Client base

Client personas

Asset composition

Asset composition: Exchange Traded Equities 64%, Public Funds/Mutual Funds 25%, Cash & Cash Equivalents 6%, State & Local Bonds 4%, Other 1%64%
  • Exchange Traded Equities64%
  • Public Funds/Mutual Funds25%
  • Cash & Cash Equivalents6%
  • State & Local Bonds4%
  • Other1%

Owners & executives

2 of 2
  • Gil Baumgarten

    Gil Baumgarten

    Founder and CEOCRD 1373434

  • Gwen Wilmeth

    Gwen Wilmeth

    Controller & Chief Compliance OfficerCRD 6093711

Contacts

3 of 3
  • William Enszer

    William Enszer

    PresidentCRD 5087065

  • Garrett Hizer

    Garrett Hizer

    Associate Wealth ManagerCRD 6337712

  • Jennifer Heerensperger

    Jennifer Heerensperger

    Portfolio ManagerCRD 7926607

Wealth teams

FINTRX

Newly hired reps

FINTRX

Recent M&A activity

FINTRX

Recent filings

FINTRX

Awards

FINTRX

ETF holdings

1 of 121

Active vs passive

$561M in ETFs

Passive

82%

$462M

Active

4%

$99.3M

ETFProviderStyleCategoryValueShares% of portfolio
VANGUARD TOTAL STOCK MARKET INDEX FUND (VTI)VanguardPassiveLarge Blend$121M326,74821.55%

Location

Primary office

Houston, TX

Harris

Location

Houston, TX

Headquartered in Houston, TX, anchoring the Houston-The Woodlands, TX metro in the South.

Metro area
Houston-The Woodlands, TX
Region
South
County
Harris
Address
2200 Post Oak Blvd
Time zone
CT (UTC-6)
Office locations

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Source: FINTRX private wealth data intelligence

Intelligence for Private Wealth