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Segment Wealth Management’s founder and CEO, Gil Baumgarten, has long been committed to philanthropy and stewardship, both in his personal life and in his company’s practices. Baumgarten is not simply focused on the performance of his wealth management firm, but also on providing resources to charitable organizations and encouraging an abundance mindset in all aspects.
Baumgarten’s commitment to giving back was especially evident during the pandemic when local businesses were struggling to stay open. He began spreading his lunch money around the Greater Houston area, catering the mid-day meal for his employees daily. The Houston Business Journal named him one of “Houston’s Most Admired CEOs” in 2021.
Philanthropy, Stewardship, and Giving Back
Since Segment Wealth’s inception in 2012, Baumgarten has made philanthropy and stewardship a main priority and inspires his employees to do the same. He promotes the act of giving back within the company and chooses to share the firm’s assets with causes he is passionate about. According to Baumgarten, the abundance mindset of investing goes hand-in-hand with stewardship, and the willingness to give freely of resources.
Over the years, Baumgarten has been involved with numerous charities including the National Christian Foundation, Young Life, Star of Hope, Turning Point USA, and Open Door Mission, a faith-based recovery facility for Houston’s homeless community. Open Door Mission’s ensemble group has regularly been invited to perform at Segment Wealth’s annual Christmas celebration.
For over 25 years, Baumgarten has been involved with LifeHouse Houston, a ministry where women experiencing unplanned pregnancies are provided housing, hope, and support. He is a member of the Advisory Council, a former resident-houseparent, and a reliable advisor available any time the ministry needs guidance on financial decisions.
Baumgarten’s generous contributions to the philanthropic community go beyond his personal involvement and have been recognized by other impactful foundations. In 2020, a charitable foundation called Invest in Others, which highlights the generosity of the financial services industry, presented Baumgarten with an Honorable Mention in the Lifetime Achievement category for his philanthropy work in the Houston area.
Charitable Gift Matching and Client Assistance
Segment Wealth offers employees unlimited charitable gift matching to charities that align with the firm’s values. The company also strategically assists clients in fulfilling their personal giving programs that will extend the benefits to both the client and the charities they support.
With Baumgarten’s dedication to philanthropy and stewardship, it’s no wonder that Segment Wealth Management maintains their long-term relationships with their clients while continuing to take on new accounts annually. They are perennially recognized by Barron’s and the Houston Business Journal as one of the most trusted and respected investment advisory firms in America and the Greater Houston area.
About Segment Wealth Management
Segment Wealth is a SEC-registered company focusing on low fees, tax efficiency, and long-term results. The firm’s effective investment strategies have attracted high-net-worth investors who seek lasting financial success, while maintaining a similar level of risk tolerance and commitment to a charitable mindset.
Under Baumgarten’s leadership, Segment Wealth’s willingness to give back and support the community sets the firm apart from others in the industry and showcases their desire to make a positive impact beyond financial success.
