Segment Wealth Management, LLC
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Overview
Segment Wealth Management, LLC operates as a financial advisor firm that has its headquarters in Houston, Texas. It controls $1.2 billion in total assets throughout 960 customer accounts, placing it among the larger financial advisory firms in the nation by assets under management (AUM). Segment Wealth Management, LLC has a small team, including 5 financial advisors. Segment Wealth Management, LLC is not a registered broker-dealer, meaning the company is not able to buy and sell securities for its customers' and own accounts and instead must go through a broker-dealer firm to do so. Securities are defined as exchangable fiscal investments like options, equities and bonds.
Segment Wealth Management, LLC oversees all of the firm's client assets on a discretionary basis. Discretionary management means that an investment advisor has the discretion to make buy and sell judgments without requiring the customer's approval. The investment advisory firm's average account size is $1.2 million. The typical advisor at Segment Wealth Management, LLC manages about 192 client accounts.
The company's headquarters is at 3040 Post Oak Blvd., Houston, Texas 77056. Segment Wealth Management, LLC is permitted to provide services to investors throughout 2 states, including Louisiana and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Segment Wealth Management, LLC by the Numbers
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/assets@2x.png)
$1.2 billion
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/employees@2x.png)
9
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/accounts@2x.png)
960
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/account-size@2x.png)
$1.2 million
Products and Services
Segment Wealth Management, LLC offers multiple services, which can consist of portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services and selection of other advisers. Segment Wealth Management, LLC is not involved in selling products or offering services other than investment advisory services to its investment advisory customers.
Core Advisor Services
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Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees charged by financial advisors largely vary depending on which services the firm provides the client. However, fees billed by Segment Wealth Management, LLC likely are comprised of some blend of the following fee types: asset-based, hourly or fixed. The firm does not supply a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
The company provides services to retail investors, high net worth investors and pension plans. Out of its 960 clients, Segment Wealth Management, LLC's biggest client group is high net worth investors, although it also manages money for 137 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 under management or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of the company's customers are non-U.S. persons.
- High-Net-Worth Individuals* - 64.32%
- Other Individuals - 33.33%
- Corporations - 2.35%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Segment Wealth Management, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Segment Wealth Management, LLC
Houston, TX
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