ABOUT US

Segment Wealth Management is a leading financial advisory firm founded on the belief that low fees, tax efficiency, and maintaining a long-term perspective are key to financial success.

We know investors often spend their time, money, and energy managing their wealth without seeing the results they want. 

We also know that the typical brokerage firm often presents itself as the key to unlocking exceptional results. But the products and solutions they pitch also tend to bring unwelcome tax surprises and often hidden costs. Your inquiries about taxes are sometimes dismissed or justified with cliches about profits and taxes being evidence of profitable activity. 

Many investment taxes are deferrable and, in many cases, avoidable altogether. It simply requires intentionality about suppressing taxable activity and understanding the incentives in the tax code. Clients don’t want a tax lesson, but they also don’t want to wander aimlessly into a tax hazard by way of neglect or transactional conflicts of interest. 

Segment is a fee-only RIA that is legally bound to prioritize our clients’ best interests. We keep costs and taxes to an absolute minimum so you and your family are set up to succeed. Our founder has 40 years of investing experience, the last 14 years in a fully fiduciary capacity.

Our process is simple. We align our success with yours, allocate your assets according to your risk level, and optimize our strategies to your specific goals. We believe you can have financial success and gain peace of mind.

Gil Baumgarten

is a 40-year veteran of the securities and investment industry. After beginning his career at the venerable EF Hutton in the early 1980s, Gil became a top producer for UBS and Smith Barney, what is today Morgan Stanley. However, Gil found Wall Street routinely emphasized its own interests over those of the client. In 2010, Gil left the brokerage world to start Segment, a fee-only firm where the interests of the client could align with the interests of the firm. Segment is ranked among the Largest Houston-Area Wealth Management Firms by the Houston Business Journal, and in the Top 5 in Houston on Forbes‘ list of Best-In-State Wealth Advisors, specifically in the High-Net-Worth category. (See ranking methodology for HBJ and Forbes.)

In 2021, Gil published his first book, FOOLISH: How Investors Get Worked Up and Worked Over by the System. The best-selling book highlights the hidden problems endemic among Wall Street brokerage firms, as well as the deeply rooted self-destructive tendencies of investors, and provides investors with an actionable path forward.

Named one of the Top-20 Exchange-Traded Fund Thought Leaders in America by Barron’s and The Wall Street Journal, Gil’s expertise is frequently recognized and called upon. Having participated as one of six beta-testers in a national UBS program on all-ETF portfolios, Gil is one of only a handful of professional money managers with an estimated 20-year all-ETF portfolio track record.

Gil is a multi-year recipient of Barron’s  Top 1,200 Financial Advisors in America distinction (See ranking methodology), in which he is ranked among the Top 20 Financial Advisors in Texas. In 2022, the Houston Business Journal honored Gil with the “Most Admired CEOs in Houston” award.

(Please see Important Disclosure Information.)

Beyond that, Gil has been published in Forbes Finance Council and Financial Advisor Magazine, and featured in publications such as the Houston Chronicle, Digital Journal, and Business Insider.

An avid outdoorsman, Gil has traveled the world hunting and fishing. Gil excels at sports and activities involving precision. He was his university’s billiard champion and likes golf, archery, darts, skeet, and marksmanship.

Gil is an award-winning woodworker specializing in a particular art form called segmentation, from which the firm’s name is derived. Segmentation is the assembly of various species of wood cut to fit in a precise pattern. This knack for precision extends to Gil’s investment strategies, where risk components and financial strategies are added and subtracted from client accounts with the same attention to detail.

Gil and his wife, Sue, are active board members and volunteers of numerous charities, including National Christian Foundation, Turning Point USA, and LifeHouse Houston, a ministry where women who are experiencing unplanned pregnancies are provided housing, help, and hope. Learn more about the organizations Gil has dedicated his time and resources to.

The Baumgartens are active members of The Story Church in Houston and have three children who have graduated from TCU, Ole Miss, and Pepperdine.

*Please Note: Limitations. The achievement of any professional designation, certification, degree, or license, recognition by publications, media, or other organizations, membership in any professional organization, or any amount of prior experience or success, should not be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results or satisfaction if Segment Wealth Management, LLC is engaged, or continues to be engaged, to provide investment advisory services.

*Please Note: Limitations. Neither rankings nor recognitions by unaffiliated rating services, publications, media, or other organizations,  nor the achievement of any professional designation, certification, degree, or license, membership in any professional organization, or any amount of prior experience or success, should be construed by a client or prospective client as a guarantee that the client will experience a certain level of results if the investment professional or the  investment professional’s firm is engaged, or continues to be engaged, to provide investment advisory services. A fee was not paid by either the investment professional or the investment professional’s firm to receive the ranking. The ranking is based upon specific criteria and methodology (see ranking criteria/methodology). No ranking or recognition should be construed as an endorsement by any past or current client of the investment professional or the  investment professional’s firm.  ANY QUESTIONS: Segment Wealth Management, LLC’s Chief Compliance Officer remains available to address any questions regarding rankings and/or recognitions, including the criteria used for any reflected ranking. 

MEET THE TEAM

*Please Note: Limitations. The achievement of any professional designation, certification, degree, or license, recognition by publications, media, or other organizations, membership in any professional organization, or any amount of prior experience or success, should not be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results or satisfaction if Segment Wealth Management, LLC is engaged, or continues to be engaged, to provide investment advisory services.

Investments & Wealth Institute TM  (The Institute) is the owner of the certification marks “CPWA” and “Certified Private Wealth Advisor.” Use of CPWA, and/or Certified Private Wealth Advisor signifies that the user has successfully completed The Institute’s initial and ongoing credentialing requirements for wealth advisors.