# Segment Wealth Management, LLC

> Segment Wealth Management, LLC is an SEC-registered investment advisory firm in Houston, TX, registered since 2012, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 25, 2026.

- CRD: 164877
- Filed as: SEGMENT WEALTH MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Houston, TX
- Filing period: October 2026
- Form ADV filing dated: September 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/164877
- AdvisorCensus page: https://advisorcensus.com/firm/segment-wealth-management-llc-houston-tx-164877

## Quick answers

**How is Segment Wealth Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Segment Wealth Management, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**What does Segment Wealth Management, LLC's brochure say about its fees?**
Its Form ADV Part 2A brochure dated August 21, 2026 states: Up to $1,000,000: 1.25% a year; $1,000,001 to $3,000,000: 1% a year; Above $3,000,000: see the brochure. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Segment Wealth Management, LLC located?**
Segment Wealth Management, LLC's principal office is in Houston, TX, according to its Form ADV.

**Is Segment Wealth Management, LLC registered with the SEC or a state?**
Segment Wealth Management, LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 164877.

**How much does Segment Wealth Management, LLC manage?**
Segment Wealth Management, LLC reports $2,069,231,258 in regulatory assets under management in its Form ADV filing dated September 25, 2026 (100% discretionary).

**How have Segment Wealth Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for Segment Wealth Management, LLC: Regulatory assets under management: $902,833,585 in the October 2021 data and $2,069,231,258 in the October 2026 data, up 129%. Total employees: 9 in October 2021 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Segment Wealth Management, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (170); individuals (other than high net worth individuals) (51); charitable organizations (8).

**Which custodians does Segment Wealth Management, LLC use?**
Segment Wealth Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Segment Wealth Management, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/164877

**What changed in Segment Wealth Management, LLC's recent Form ADV filings?**
In the October 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated August 21, 2026)

- Up to $1,000,000: 1.25% a year
- $1,000,001 to $3,000,000: 1% a year
- Above $3,000,000: see the brochure

> The Registrant’s annual investment advisory fee shall be based upon a percentage (%) of the market value of the assets placed under the Registrant’s management, generally ranging between negotiable and 1.25%) as follows:

> Market Value of Portfolio Annual fee as % of Assets Up to $1,000,000 1.25% $1,000,001 to $3,000,000 1.00% Above $3,000,000 Negotiable

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $2,069,231,258
- Discretionary: $2,069,231,258
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 51 | $18,140,348 |
| High net worth individuals | 170 | $1,988,384,222 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 7 | $17,923,699 |
| Charitable organizations | 8 | $31,074,117 |
| Corporations or other businesses not listed above | Fewer than 5 | $13,708,872 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2012 (14 years)
- Employees: 12 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CO, LA, NC, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- gilbaumgarten.com
- segmentwm.com
- wikitia.com/wiki/Segment_Wealth_Management,_LLC
- Facebook @GilBaumgartenAuthor
- Facebook @segmentwealthmanagement
- LinkedIn @gil-baumgarten
- LinkedIn @segment-asset-management
- LinkedIn @gil-baumgarten

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $902,833,585 | 9 | May 6, 2021 |
| October 2022 | $1,210,372,375 | 9 | March 27, 2022 |
| October 2023 | $1,171,640,198 | 9 | September 12, 2023 |
| October 2024 | $1,410,130,134 | 9 | March 16, 2024 |
| October 2025 | $1,756,993,490 | 12 | March 12, 2025 |
| October 2026 | $2,069,231,258 | 12 | September 25, 2026 |

Regulatory assets under management: $902,833,585 in the October 2021 data and $2,069,231,258 in the October 2026 data, up 129%.
Total employees: 9 in October 2021 and 12 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Updated its list of owners and control persons (Schedule A).

### March 2026
- Employees performing advisory functions went from 4 to 5.
- Regulatory assets under management went from $1,756,993,490 to $2,069,231,258 (+18%).
- Registered or notice-filed in CO.
- Updated its list of owners and control persons (Schedule A).

### December 2025
- Registered or notice-filed in NC.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Segment Wealth Management, LLC (CRD 164877): Form ADV filing data as of October 2026.