San Antonio’s 1900 Wealth Expands into the Growing Alternative Investment Space
SAN ANTONIO—June 15, 2022. San Antonio-based investment firm 1900 Wealth Management (1900 Wealth) today said Matt R. Richter has joined the firm as Senior Vice President, Senior Investment Advisor – Alternatives. Richter will focus on building out a team to advance the firm’s expansion into the growing alternative investment space.
“We are proud to welcome Matt as the newest member of our team,” said 1900 Wealth President, Todd Brockwell. “We have seen an increasing demand for alternative investment strategies, which provide compelling opportunities for qualified investors. We searched for someone with broad, deep knowledge of alternatives to build out our team and Matt is the perfect fit.”
“I could not pass up the opportunity to work with Todd Brockwell and his team to build an alternatives platform for 1900 Wealth, as well as to be part of a company with the culture, reputation and proud 75-year history of our owners at Jefferson Bank,” said Richter. “Alternative investments are my passion — drilling down on different opportunities, helping our clients understand them and ensuring all due diligence is done as if I, personally, were the investor.”
Richter has more than 20 years of comprehensive experience in the investments field, including expertise in a broad range of alternative investment types and family office. He has primary responsibility for developing and managing 1900 Wealth’s innovative alternative investment platform, cultivating relationships with new business clients and advising existing clients. Matt is adept at analyzing investment strategies and providing clients sound, highly personalized advice on how to grow capital while minimizing risk.
Traditionally, most investment firms have focused on conventional asset classes such as equities, bonds or cash, but they are increasingly turning to alternative categories. Once the exclusive domain of institutional and high-net-worth investors, recent regulatory changes by the U.S. Securities and Exchange Commission (SEC), have resulted in alternative investments’ growing popularity and spurred their inclusion in the portfolios of (retail) individual investors. In fact, in its most recent report, Prequin — the London-based investment data company that provides financial data and information on the alternative assets market — projects global alternative assets under management (AUM) will reach $23.21 trillion by 2026, up from an estimated $13.32 trillion at the end of 2021.
In the San Antonio area, 1900 Wealth is among the first wealth management firms to offer clients the opportunity to invest in alternative asset classes. Its team will focus on opportunities in private equity, private credit, venture capital, real estate, energy solutions, disruptive technologies and timber/agriculture.
“With the current environment of sustained inflation, alongside recent geopolitical instability, investors are seeking a less correlated option to standard asset classes,” Richter said. “Alternatives tend to be more insulated and less correlated to market volatility while providing the potential to generate increasing returns and diversification of a client’s portfolio.”
The implementation of a new alternative investment platform that will provide greater access to unique investment opportunities for clients is one of 1900 Wealth’s most important initiatives for 2022. In addition to Richter, the firm will add at least one more investment advisor this year to manage the alternative investment platform and support 1900 Wealth’s growth.
“Expansion into the alternative investments arena fits well with our business expansion strategy,” said Brockwell. “We have an extraordinary opportunity in Texas, and particularly in the San Antonio area, to participate in the business growth and relocation of many companies. These companies need business partners and capital. Along with our parent company, Jefferson Bank, we can provide tools and services many larger competitors cannot match.”