Segment Wealth Management, LLC

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Client assets under management

$2,006,524,570

Clients

221

77% high-net worth

Advisors

of 12 employees

Firm type

Team

4-10 advisors or $500M+ in AUM

Clients per advisor

High

Average account size

$9,079,297

About

Segment Wealth Management serves individuals (including high‑net‑worth clients), business entities, pension and profit‑sharing plans, trusts, estates and charitable organizations. The firm provides discretionary and non‑discretionary portfolio management, retirement‑plan consulting, and limited consulting on non‑investment matters while referring implementation work (tax, estate, insurance) to outside professionals.

Its investment approach combines ETF‑based asset allocation with active equity and fixed‑income management and alternative allocations, delivered through named strategies such as the Segment ETF Strategy, Core ETF, Tax‑Efficient Rising Dividend, BRKB‑VTI, and various municipal and corporate bond portfolios. The firm also employs options strategies (covered calls and cash‑secured puts), may use structured notes, treats cash as an asset class for defensive positioning, discloses participation in an affiliated private fund for qualified clients, and states it does not recommend or exercise discretionary authority to purchase cryptocurrencies.

What is noteworthy relative to peers is the firm’s disclosed affiliation with an independent law practice (Stuart Green Law), where an employed attorney may be engaged separately for estate‑planning work — a relationship the brochure identifies as a potential conflict of interest but for which the firm does not receive compensation. The brochure also highlights an affiliated private investment fund (VEP II Orchard, LLC) and a mix of tax‑aware, concentrated (e.g., BRKB‑VTI) and customized fixed‑income laddering strategies, alongside managing approximately $2.07 billion of client assets with a relatively small advisory team.

Client services

Portfolio management Pension consulting Selection of other advisers

Expertise

Options & derivatives strategies Private / alternative investments Tax-loss harvesting Concentrated stock management

Fee options

Fixed

May charge a flat fee in certain circumstances at Registrant's discretion.

Percentage

$0 - $1,000,000: 1.25% $1,000,001 - $3,000,000: 1.00% Above $3,000,000+: Negotiable

Project-based

Other

Fee-only: Fee-only basis; no commissions or other compensation from securities sales.

Main office location

Segment Wealth Management, LLC

3040 Post Oak Blvd., Ste. 1725

Houston TX 77056, United States

Number of offices

Most active in

Colorado · Louisiana · North Carolina · Texas

Disclosures

Business activities & affiliations

Is active or affiliated with:

Lawyer

They provide legal services, typically billed separately.

Is not active or affiliated with:

Insurance agent

They sell insurance products and may earn commissions on those sales.

Broker-dealer / trader

They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.

Bank

They're affiliated with a bank that may offer its own financial products and services.

Trust company

They provide trust and estate administration services, typically for separate fees.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

Real estate agent

They facilitate real estate transactions and may earn commissions.

Other specialized services

They may provide services such as pension consulting or municipal advisory work, typically for separate fees.

Forms ADV

Form ADV Part 2: Client Brochure Form ADV Part 3: Client Relationship

Quick links

LinkedIn Facebook Website 713-800-7150

Advisors at this firm

William E

Series 65

Houston, TX

Segment Wealth Management, LLC

William Enszer is a financial advisor at Segment Wealth Management, LLC in Houston, TX, holding a Series 65 designation with 18 years of industry experience. His prior experience includes roles at Sustainable Woodlands Partners, Salient Capital Advisors, Forward Management, Salient Partners, Salient Advisors, and Endowment Advisers. Segment Wealth Management serves individuals, business entities, pension and profit-sharing plans, trusts, estates, and charitable organizations. The firm combines ETF-based asset allocation with active equity, fixed-income, and alternative strategies, offering both discretionary and non-discretionary portfolio management along with retirement-plan consulting.

Options & derivatives strategies Private / alternative investments Tax-loss harvesting Concentrated stock management

Jennifer H

Series 65

Houston, TX

Segment Wealth Management, LLC

Jennifer Heerensperger is a financial advisor at Segment Wealth Management, LLC in Houston, TX, holding a Series 65 designation with 1 year of industry experience. She has been with Segment Wealth Management since 2011. Segment Wealth Management serves individuals, business entities, pension and profit-sharing plans, trusts, estates, and charitable organizations. The firm combines ETF-based asset allocation with active equity, fixed-income management, and alternative allocations, and offers retirement-plan consulting and limited non-investment consulting while referring implementation work to outside professionals.

Options & derivatives strategies Private / alternative investments Tax-loss harvesting Concentrated stock management

Gil B

Series 63, Series 65

Houston, TX

Segment Wealth Management, LLC

Gil Baumgarten is a financial advisor at Segment Wealth Management, LLC in Houston, TX, with 26 years of industry experience. He holds the Series 63 and Series 65 designations and has been with Segment Wealth Management since 2012. Baumgarten is also involved as a general partner in a private mineral fund, VEP Orchard II LLC. Segment Wealth Management serves individuals, business entities, pension and profit-sharing plans, trusts, estates, and charitable organizations. The firm offers discretionary and non-discretionary portfolio management, retirement-plan consulting, and limited non-investment consulting, utilizing a combination of ETF-based asset allocation, active equity and fixed-income management, alternative allocations, and options strategies.

Options & derivatives strategies Private / alternative investments Tax-loss harvesting Concentrated stock management

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