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PRESS RELEASE – 1900 Wealth Announces 2022 Achievements, Sets Goals for 2023

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In a Year When Volatile Markets Challenged Investors, 1900 Wealth Maintained a Steady Ship and Posted Solid Growth

SAN ANTONIO—February 6, 2023. San Antonio-based investment advisor 1900 Wealth Management (1900 Wealth) today reported solid, steady growth in 2022 and expressed optimism about the market and goals for this year.

“Although market conditions were challenging throughout 2022, through judicious management and a holistic approach, we at 1900 Wealth were able to shield our clients from the most dramatic ill effects of inflation and the Fed’s efforts to rein in economic growth, and there are some positive indications for recovery this year,” said 1900 Wealth President Todd Brockwell. “We are optimistic about the outlook for 2023 and the continued trajectory of growth for 1900 Wealth.”

Throughout 2022, 1900 Wealth grew its assets under management, acquired new clients, and expanded investment opportunities for its clients.

In 2022, 1900 Wealth created and launched its new alternative investment platform, 1900 Direct Series LLC, to provide greater access to unique investment opportunities for 1900 Wealth clients. 1900 Wealth is proud to offer
clients the opportunity to invest in alternative asset classes, focusing on opportunities in private equity, private credit, venture capital, real estate, energy solutions, and disruptive technologies.

The 1900 Direct Series is led by Brockwell and Matt Richter, who joined 1900 Wealth in June 2022 as senior investment advisor – alternatives. In this role, Richter has focused on building out a team to manage the firm’s expansion into the growing alternative investment space. With more than 20 years of comprehensive experience in the investment field, including a broad range of alternative investment types, Richter is adept at analyzing investment strategies and assessing risk.

Recently, 1900 Wealth closed its first alternative investment opportunity in the 1900 Direct Series LLC. It was an oil and gas investment through Formentera Partners Fund II LP. Brockwell said 1900 Wealth is actively exploring future opportunities but will invest in only a handful of carefully selected opportunities annually.

Also in 2022, Katie Richards joined 1900 Wealth as Quality Control Lead.

Looking ahead, Brockwell and his colleagues are excited about the direction of the firm and expanding theirservices and investment opportunities to clients in 2023 and beyond.

The firm will soon move to its new corporate headquarters located at 1900 Broadway under the same roof as its parent company, Jefferson Bank. 1900 Wealth will occupy space on the 10th floor of the building, with sweeping,
unobstructed views of the historic Pearl District and Fort Sam Houston, and plenty of room for continued growth.

While maintaining its San Antonio-centric focus, 1900 Wealth plans in 2023 to expand its presence in Boerne, as well as Austin, offering its investment management and services to the growing populations and wealth management needs of these areas.

Brockwell said 1900 Wealth plans to add more team members in the first and second quarters of 2023 in order to address the firm’s growth and to continue to provide the level of service clients receive and expect.

Investment advisors at 1900 Wealth take a holistic approach to building each client’s portfolio, tailoring an investment plan to fit that individual’s personal preferences and unique circumstances. Advisors consider the client’s time horizon, ability and willingness to accept risk, liquidity needs, the strength of their current and future income, tax situation, return expectations and other assets on their balance sheet. This approach creates investment plans for clients that cover the incremental parts of their financial lives while ensuring they all work together. In essence, it is an investment strategy that regards the whole as greater than the sum of its parts.

“We are pleased and proud to have successfully navigated the perilous investment waters of the past year, maintaining the long-term stability and security of our clients’ portfolios,” said Brockwell. “San Antonio is and
always will be our home, and we remain deeply devoted to this community. I want to express my heartfelt appreciation for our clients’ trust and assure them their interests are always at the forefront of our minds.”

1900 Wealth Management is a wholly owned subsidiary of Jefferson Bank, a San Antonio institution since 1946.

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