Investment Management Services for HNW & UHNW
Investment Management Services for HNW & UHNW
Intelligent Investment Management for Complex Wealth
Segment Wealth Management offers investment management services tailored to the needs of high-net-worth (HNW) and ultra-high-net-worth (UHNW) individuals and families. Unlike most firms, we don’t outsource investment management. We custom-build, monitor, and manage every portfolio to reduce costs, minimize taxes, and maintain control over your investment goals. As a fee-only RIA firm, we are legally obligated to act in your best interest —a principle we uphold throughout every step of the investment management process, from asset allocation and portfolio construction to security selection and risk management.
Our clients typically have a net worth of $5 million or more and are focused on achieving long-term growth, preserving wealth, and minimizing tax exposure. At Segment, investment management isn’t about selling products or chasing short-term performance. It’s grounded in our philosophy of Clarity, Reliability, Performance, and Truth, which means every allocation is built for transparency, consistency, cost efficiency, and long-term alignment.
We build portfolios using tax-conscious strategies, such as direct indexing and risk budgeting, to ensure your investments work hard for your future, not for product providers or sales mandates.
Our Philosophy: Aligned, Not Incentivized
Unlike traditional broker-dealers who generate revenue through commissions or product incentives, Segment builds every investment strategy in-house, guided by our core values: Clarity, Reliability, Performance, and Truth. We believe in efficient markets, the compounding value of tax deferral, and the power of long-term discipline.
- Markets are efficient – we don’t waste your resources trying to outguess them
- Investors are irrational – we design strategies that account for emotion and behavior
- Fees and taxes erode returns – we suppress both with intention and structure
Learn More About Our Philosophy
Explore Our Full Suite of High-Net-Worth Investment Management Services
Direct Indexing Strategies
Our direct indexing strategies seek to provide exposures similar to an index and are constructed using individual securities rather than pooled vehicles. This approach potentially enables tax-loss harvesting, personalization, and greater control over realized gains and tax planning. This SMA-based approach is particularly valuable for ultra-high-net-worth investors seeking customized solutions that circumvent the limitations of traditional mutual funds or index products.
ETF Investment Portfolios
Segment’s ETF portfolios offer globally diversified exposure through low-cost, liquid, and tax-efficient vehicles. These strategies are ideal for clients who value simplicity, scalability, and disciplined rebalancing delivered with the oversight of a fiduciary RIA advisor. Our portfolio management team builds the asset allocation and strategically selects ETFs to balance risk, reward, and after-tax outcomes.
Fixed Income / Bond Management
We offer fixed income portfolio management through custom bond ladders, including municipal and corporate securities. These SMA structures are built for capital preservation, consistent income, and duration control. Whether you’re nearing retirement or looking to stabilize volatility, our bond strategies are aligned with your liquidity needs and interest rate outlook.
Private Equity Investment Services
For clients that qualify, we can advise on private equity opportunities as part of a broader investment and wealth management plan. Our advisory role includes assessing fund managers, planning for illiquidity, and integrating private capital exposure into your portfolio and estate strategy. Private equity can offer long-term return potential, and we help ensure it fits within the risk and tax framework of your overall wealth.
Our Investment Strategies: Built In-House, Aligned to Your Goals
Our in-house team builds and manages a suite of proprietary, tax-optimized investment strategies through separately managed accounts (SMAs), offering the transparency, flexibility, and precision that today’s high-net-worth (HNW) and ultra-high-net-worth (UHNW) investors demand. Grounded in disciplined strategic asset allocation, our portfolios use a combination of individual securities acquired through direct indexing and low-cost, broad-market ETFs, tailored to each client’s objectives, tax profile, and desired exposure.
From rising dividend and low-volatility strategies to fixed income ladders and growth-focused allocations, every approach is carefully constructed and managed with care. For select clients, we also provide private equity allocation guidance as part of a comprehensive estate and liquidity planning strategy, particularly where illiquidity, access, and generational outcomes intersect.
Who We Serve
Segment partners with high-net-worth (HNW) and ultra-high-net-worth (UHNW) individuals and families across Texas and nationwide who require a sophisticated, tax-conscious approach to portfolio construction and risk management. Many of our clients are business owners, executives, attorneys, and heirs — individuals with complex financial situations who seek a disciplined approach, not a sales pitch.
About Segment
Headquartered in Houston, Texas, and managing more than $1.75 billion in assets, Segment Wealth Management is led by Gil Baumgarten, a nationally recognized fiduciary and investment strategist. Our team includes a JD, CPA, CFA, and CPWA, and we’ve been GIPS®-verified for performance transparency since 2016.
Ready to Simplify the Complex?
Let’s build a smarter portfolio for your goals. Contact us to schedule a consultation and start building generational wealth with our investment management services.
Go Beyond the Portfolio
Investment management is just one piece of a well-structured financial life. Segment offers fully integrated wealth management services that align your investments with tax planning, estate strategy, generational goals, and more.
*Please Note: Limitations. Segment does not serve as an attorney, accountant, or insurance agent. Segment does not prepare legal documents or tax returns, nor does it sell insurance products.