https://wikigenius.org/index.php?action=history&feed=atom&title=Segment_Wealth_Management%2C_LLCSegment Wealth Management, LLC - Revision history2026-08-24T03:10:08ZRevision history for this page on the wikiMediaWiki 1.44.3https://wikigenius.org/index.php?title=Segment_Wealth_Management,_LLC&diff=7595&oldid=previmported>Akhib5999: Created page with "{{Infobox company | name = Segment Wealth Management, LLC | logo = Segment Wealth Management logo.png | logo_size = | logo_upright = <!-- default = 1 --> | logo_alt = | logo_caption = | image = | image_size = | image_upright = <!-- default = 1 --> | image_alt = | image_caption = | trade_name = | native_name = | native_name_lang = <!-- Use ISO 639-1 code, e.g. "fr" for French. For multiple names in different languages, use {{Lang|[code]|[name]}} in native_name =..."2024-09-14T15:13:59Z<p>Created page with "{{Infobox company | name = Segment Wealth Management, LLC | logo = Segment Wealth Management logo.png | logo_size = | logo_upright = <!-- default = 1 --> | logo_alt = | logo_caption = | image = | image_size = | image_upright = <!-- default = 1 --> | image_alt = | image_caption = | trade_name = | native_name = | native_name_lang = <!-- Use ISO 639-1 code, e.g. "fr" for French. For multiple names in different languages, use {{Lang|[code]|[name]}} in native_name =..."</p>
<p><b>New page</b></p><div>{{Infobox company<br />
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| founded = {{Start date and age|2012|10}} <br />
| founder = Gil Baumgarten<br />
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| hq_location = [https://en.wikipedia.org/wiki/Houston Houston, Texas]<br />
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| key_people = Gil Baumgraten (CEO)<br />
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| website = {{URL|segmentwm.com}}<br />
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'''Segment Wealth Management''' is a [https://en.wikipedia.org/wiki/Fiduciary fiduciary], fee-only [https://en.wikipedia.org/wiki/Financial_adviser financial advisory] company headquartered in [https://en.wikipedia.org/wiki/Houston Houston, Texas]. The firm offers strategies for investment development, [[risk management]], and tax minimization.<ref>{{cite web |title=Is Segment Wealth Management a legitimate company? |url=https://www.digitaljournal.com/pr/is-segment-wealth-management-a-legitimate-company |website=Digital Journal |accessdate=3 August 2024}}</ref><br />
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'''Segment Wealth Management''' is a SEC-registered, limited liability company with 1.2 billion dollars in assets under management.<ref>{{cite web |title=Segment Wealth Management’s extraordinary growth in FY21 |url=https://www.digitaljournal.com/pr/segment-wealth-managements-extraordinary-growth-in-fy21?fbclid=IwAR0VH0wogUJw2AznK-7m9TsFYuwBCA04-1dEEr0HuM0M-CIQIkdS7b74MCI |website=Digital Journal |accessdate=3 August 2024}}</ref> Segment works with high net-worth individuals, [[Nonprofit organization|non-profit organizations]], trustees, executors, and outsourced family offices. Segment Wealth Management builds portfolios based on its clients’ values and risk and rewards tolerance to help them achieve their financial objectives.<ref>{{cite web |title=2022 Firm Review: Segment Wealth Management |url=https://www.digitaljournal.com/pr/2022-firm-review-segment-wealth-management |website=Digital Journal |accessdate=3 August 2024}}</ref><br />
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==History==<br />
After escaping the brokerage world in 2012, Gil Baumgarten started Segment Wealth Management, a fiduciary advisory firm where he could advocate for his clients and their best interests.<ref>{{cite web |title=How this Ex-Broker Created a Billion Dollar Wealth Management Firm |url=https://www.digitaljournal.com/pr/how-this-ex-broker-created-a-billion-dollar-wealth-management-firm#ixzz7YTPKZlKe |website=Digital Journal |accessdate=3 August 2024}}</ref><br />
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In 2012, Segment Wealth Management, LLC became SEC-registered as an Investment Adviser Firm.<ref>{{cite web |title=Best-In-State Wealth Advisors |url=https://www.forbes.com/lists/best-in-state-wealth-advisors/?sh=60805f1c6ab9 |website=Forbes |accessdate=3 August 2024}}</ref><br />
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When the pandemic began in 2020, Gil Baumgarten began looking for ways to help local businesses that were struggling to stay in business. He began distributing his lunch money throughout the Houston area, catering the mid-day meal for his employees on a daily basis.<br />
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In 2020, Baumgarten received an Honorable Mention in the Lifetime Achievement category by ''Invest in Others'', a charitable foundation that celebrates the generosity of the financial services industry.<ref>{{cite web |title=Segment Wealth Management’s Gil Baumgarten Prioritizes Philanthropy Through Generosity and Charitable Investments |url=https://www.digitaljournal.com/pr/segment-wealths-gil-baumgarten-is-investing-in-others |website=Digital Journal |accessdate=3 August 2024}}</ref><br />
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As of December 31, 2022, Segment has more than $1.2 Billion in assets under management, with a total of 209 clients and a number of 960 accounts.<ref>{{cite web |title=Former Broker Builds Billion-Dollar Wealth Management Firm With Client Advocacy and Long-Term Investment Strategies |url=https://ceoweekly.com/former-broker-builds-billion-dollar-wealth-management-firm-with-client-advocacy-and-long-term-investment-strategies/ |website=ceoweekly.com |accessdate=3 August 2024 |date=27 March 2023}}</ref><br />
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==Services==<br />
Gil Baumgarten leads the company’s wealth management. Segment Wealth offers both wealth and asset management services designed to reduce friction in the investment process, especially costs and taxes. As a registered fiduciary firm, Segment Wealth Management is legally required to act in the best interest of its clients.<ref>{{cite web |title=Is Segment Wealth Management a legitimate company? |url=https://www.digitaljournal.com/pr/is-segment-wealth-management-a-legitimate-company |website=Digital Journal |accessdate=3 August 2024}}</ref><br />
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Segment Wealth’s business model focuses on low fees, tax efficiency, and long-term results. The firm allocates clients’ assets according to their risk appetite and optimizes investment strategies to their specific goals.<br />
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Under Baumgarten’s leadership, Segment Wealth employs its core strategies such as [https://en.wikipedia.org/wiki/Exchange-traded_fund Exchange Traded Funds] and the Tax-Efficient Dividend Growth Strategy, while staying away from the stock market trends that may appeal to other investors.<ref>{{cite web |title=Segment Wealth Management Unveils Initiatives to Help Navigate Market Volatility |url=https://markets.businessinsider.com/news/stocks/segment-wealth-management-unveils-initiatives-to-help-navigate-market-volatility-1031775861 |website=Business Insider |accessdate=3 August 2024}}</ref><br />
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Segment Wealth only works with clients whose investment and risk tolerance philosophies align with its own. With new accounts coming in at a rate of about $50 million per year, Segment has grown into a billion-dollar company that serves only qualified clients who are high-net-worth individuals or outsourced family offices willing to put up at least $5 million.<ref>{{cite web |title=Segment Wealth Management Unveils Initiatives to Help Navigate Market Volatility |url=https://finance.yahoo.com/news/segment-wealth-management-unveils-initiatives-135100915.html |website=Yahoo Finance |accessdate=3 August 2024}}</ref><br />
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==Awards and recognition==<br />
Segment Wealth Management is recognized by ''Barrons''<ref>{{cite web |title=2024 Top 1200 U. S. Financial Advisors Ranked by State |url=https://www.barrons.com/advisor/report/top-financial-advisors/1000/2024?page=1&mod=faranking_2024 |website=www.barrons.com |accessdate=3 August 2024}}</ref> and the ''Houston Business Journal'' as one of the top advisory firms in America and the Greater Houston area.<br />
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Since its inception in 2012, Segment Wealth Management has grown into a top-twenty firm in Houston, as recognized by the Houston Business Journal.<ref>{{cite web |title=2023 Largest Houston-area wealth management firms and practices, investment minimums over $1 million |url=https://www.bizjournals.com/houston/subscriber-only/2023/08/11/2023-largest-houston-area-wealth-management-firms-and.html |website=www.bizjournals.com |accessdate=3 August 2024}}</ref> In 2022, Barron’s named Gil Baumgarten in the Top 25 Financial Advisors in Texas.<ref>{{cite web |last1=VIEWS |first1=CIO |title=From Financial Advisor to Published Author: Gil Baumgarten's Multi-Faceted Success |url=https://cioviews.com/from-financial-advisor-to-published-author-gil-baumgartens-multi-faceted-success/ |website=CIO VIEWS |accessdate=3 August 2024 |date=31 May 2023}}</ref><br />
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==Philanthropy==<br />
Gil Baumgarten is involved in a number of charities, including the National Christian Foundation, Turning Point USA, and Open Door Mission, a faith-based recovery facility for Houston's homeless community whose men's ensemble group has been invited to perform at Segment Wealth's annual Christmas celebration.<br />
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Gil Baumgarten has been involved with LifeHouse Houston, a ministry that provides housing and support to women experiencing unplanned pregnancies, for over 25 years. He's a member of the Advisory Council, a former resident houseparent, and a trusted advisor who can help the ministry with financial decisions at any time.<ref>{{cite web |title=Segment Wealth’s Gil Baumgarten is Investing in Others |url=https://www.digitaljournal.com/pr/segment-wealths-gil-baumgarten-is-investing-in-others |website=Digital Journal |accessdate=3 August 2024}}</ref><br />
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==References==<br />
{{reflist}}<br />
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==External Links==<br />
* [https://www.facebook.com/SegmentWealthManagement Segment Wealth Management on Facebook]<br />
* [https://www.linkedin.com/in/gil-baumgarten/ Segment Wealth Management on LinkedIn]<br />
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[[Category:Companies established in 2012]]<br />
[[Category:Financial services companies]]<br />
[[Category:Companies based in Houston]]<br />
[[Category:Financial services companies of the United States]]</div>imported>Akhib5999