Despite COVID-19, San Antonio-Based Monticello Wealth Management Grew its Client Base Substantially and Achieved Strong Growth in 2020
SAN ANTONIO—February 11, 2021. San Antonio-based investment advisor Monticello Wealth Management (Monticello) today said 2020 was another successful year, despite the challenges of the pandemic. Founded in 2015, the firm reached over $1.35 billion in total assets under management as of December 31, 2020.
“Although 2020 was a very challenging year, we continued to grow our business,” said Monticello President Todd Brockwell. “We expanded our client base, improved client satisfaction and achieved strong growth in our assets under management. I believe our growth stems in part from sharpening our focus on communicating effectively with our existing clients, which led to many referrals. We feel our new 2020 clients were attracted to our straightforward, transparent approach to investing, as well as the breadth and depth of services we offer.
Monticello attracted over 50 new clients in 2020, bringing its total client base to approximately 250 clients. The $1.35 billion in assets under management Monticello posted as of December 31, 2020 reflects a new sub-adviser agreement and an increase of approximately $575 million in total assets under management over the past twelve months. In the last three years ending December 31, 2020, Monticello has added over $950 million in assets under management.
“Looking ahead, 2021 looks to be an even bigger year for Monticello’s growth,” said Brockwell. “We have our goals for the year and are on target to meet and exceed our first quarter assets under management projections.”
In the coming year, we hope that 2021 will be another very strong year for Monticello’s growth. To accommodate this expected growth, the company plans to add a new senior investment advisor to its team in the first half of the year in addition to the new advisor that was added in early in the first quarter. Monticello will continue building its alternative and direct investment offerings, including private equity, venture capital and real estate. While maintaining concentration on Greater San Antonio as its primary market, Monticello will also seek to expand its reach into the Hill Country and South Texas.
“I am extremely proud of our team,” Brockwell said. “An important part of Monticello’s value-added service is our ability to assist clients with a wide range of investment and business needs. We achieve this through our deep family office, tax strategy and portfolio management experience, coupled with our strong relationship with Jefferson Bank. We have always felt the exceptional service and added value we provide facilitates exceptional rapport, trust and lifelong relationships with our clients.”
