Segment Wealth Management, Llc
- Regulatory AUM
- $2.1B
- Discretionary
- $2.1B
- Clients
- 236
- Avg AUM / client
- $8.8M
- Accounts
- 1,214
- Employees
- 12
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of May 22, 2026
Investments (13F portfolio — 311 positions, $1,927,810,575)
13F period Jun 30, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Vanguard Index Fds | TOTAL STK MKT | $120,909,785 | 326,748 | 6.27% | 5.84% |
| 2 | Berkshire Hathaway Inc Del | CL B NEW | $81,866,306 | 163,605 | 4.25% | 3.96% |
| 3 | Ge Vernova Inc | COM | $69,949,223 | 59,538 | 3.63% | 3.38% |
| 4 | Broadcom Inc | COM | $64,142,275 | 169,801 | 3.33% | 3.1% |
| 5 | Invesco Qqq Tr | UNIT SER 1 | $56,489,242 | 76,710 | 2.93% | 2.73% |
| 6 | Asml Hldg Nv | N Y REGISTRY SHS | $50,575,544 | 25,422 | 2.62% | 2.44% |
| 7 | Nvidia Corporation | COM | $48,579,184 | 242,787 | 2.52% | 2.35% |
| 8 | Apple Inc | COM | $44,247,298 | 152,914 | 2.3% | 2.14% |
| 9 | Caterpillar Inc | COM | $43,442,376 | 40,795 | 2.25% | 2.1% |
| 10 | Alphabet Inc | CAP STK CL A | $32,394,413 | 90,647 | 1.68% | 1.57% |
| 11 | Berkshire Hathaway Inc Del | CL A | $29,205,150 | 39 | 1.51% | 1.41% |
| 12 | Walmart Inc | COM | $28,712,727 | 253,512 | 1.49% | 1.39% |
| 13 | Spdr Series Trust | ST STR P500ETF | $28,263,805 | 321,618 | 1.47% | 1.37% |
| 14 | Exxon Mobil Corp | COM | $28,115,020 | 205,639 | 1.46% | 1.36% |
| 15 | Microsoft Corp | COM | $27,252,550 | 73,059 | 1.41% | 1.32% |
| 16 | Parker Hannifin Corp | COM | $27,086,734 | 27,693 | 1.41% | 1.31% |
| 17 | Amphenol Corp | CL A | $26,868,393 | 152,384 | 1.39% | 1.3% |
| 18 | State Str Spdr S&P 500 Etf T | TR UNIT | $25,324,500 | 33,912 | 1.31% | 1.22% |
| 19 | Garmin Ltd | SHS | $24,993,713 | 105,219 | 1.3% | 1.21% |
| 20 | Texas Instrs Inc | COM | $24,944,086 | 83,685 | 1.29% | 1.21% |
| 21 | Visa Inc | COM CL A | $23,427,052 | 68,283 | 1.22% | 1.13% |
| 22 | Marathon Pete Corp | COM | $23,303,553 | 91,147 | 1.21% | 1.13% |
| 23 | Mckesson Corp | COM | $22,957,293 | 30,383 | 1.19% | 1.11% |
| 24 | Goldman Sachs Group Inc | COM | $22,456,569 | 22,204 | 1.16% | 1.09% |
| 25 | Marriott Intl Inc New | CL A | $22,100,361 | 59,636 | 1.15% | 1.07% |
Top 25 of 311 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 51 | $18.1M | 0.88% |
| High net worth individuals | 170 | $2.0B | 96.1% |
| Pension and profit sharing plans | 7 | $17.9M | 0.87% |
| Charitable organizations | 8 | $31.1M | 1.5% |
| Corporations and other businesses | Fewer than 5 clients | $13.7M | 0.66% |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Network Funding, L.P. Safe Harbor 401(k) Plan Network Funding, L.P. | 2024 |
People (4)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Gil A Baumgarten | Owner | Sep 2009 (17y) | ≈ 56.25% – 100% via Gab Interests, Inc. | |
| Wilmeth, Gwen, C. | Chief Compliance Officer | Jul 2012 (14y) | Less than 5% | |
| Jennifer Marie Heerensperger | Registered representative | Aug 2024 (2y) | ||
| William Kane Enszer | Registered representative | Feb 2025 (1y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Gab Interests, Inc. | Managing Member | Sep 2009 | A | 75% or more |
| Ncf Charitable Trust | Member | Nov 2023 | A | 5% – 10% |
Undisclosed: 0% – 20% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Gil A Baumgarten: 75% – 100% of Gab Interests, Inc. × 75% – 100% direct ≈ 56.25% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Network Funding, L.P. Safe Harbor 401(k) Plan | Network Funding, L.P. | 262 | $32.6M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 05/22/2026 | 979 KB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Fixed fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
- • Selection of other advisers
Custody
Reported custodians
- Charles Schwab & Co. $2.0B (98% of AUM) May 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: May 22, 2026.
View current Form ADV (SEC/IAPD) ↗