SAN ANTONIO BUSINESS JOURNAL – The company has plans this year to expand into Fredricksburg, Boerne, and Kerrville, and move its main San Antonio location to the new Jefferson building near the Pearl.
Local investment advisory firm 1900 Wealth announced recently that it increased its assets under management to $1.7 billion in 2021 — a 24% increase in the past year.
A Jefferson Bank subsidiary, 1900 Wealth contributed the growth to both large and small accounts. Company President Todd Brockwell said the firm added about 20 families in 2021. The firm typically manages clients who are high-net-worth individuals and families with generational wealth.
“We knew it is important to bring on non-correlated assets in the portfolios where it made sense and where we were able to,” Brockwell said. “We’ve had a bull run in specifically large-cap, equity markets. Valuations are very strong.”
In December 2021, 1900 Wealth managed $90 million new assets, continuing the strong fourth-quarter trend that Brockwell has seen in the past four years.
“I think it is due to liquidity events that people want to get a deal wrapped up by year-end,” Brockwell said. “And we try to help them with making sure they’re being cognizant of tax situations, estate planning.”
This year the company has plans to expand into Fredricksburg, Boerne and Kerrville. 1900 Wealth will be moving its main San Antonio location to the new Jefferson building near Pearl later this year.
With the growth, 1900 Wealth will hire an employee to oversee the alternative investment platform and an additional investment advisor.
Brockwell said his goal for the firm in the next three years is to manage $3 billion in assets.
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