As the CEO of Austin Private Wealth, their expertise in private wealth management and investment strategy is unmatched. With a deep understanding of the complex financial landscape, they help individuals and families achieve their long-term financial goals.
Their approach to private wealth management is tailored to each client's unique needs and circumstances, taking into account their financial situation, risk tolerance, and investment objectives. This personalized approach ensures that each client receives a customized plan that meets their specific needs.
Austin Private Wealth's investment strategy is guided by a thorough analysis of market trends and economic indicators, allowing them to make informed investment decisions. By staying ahead of the curve, they can help their clients navigate even the most turbulent market conditions.
Their commitment to transparency and accountability is evident in their client-centric approach, where they prioritize open communication and regular portfolio updates to ensure their clients are always informed and in control.
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About Hub Investment Partners
HUB Investment Partners is a top-rated financial advisor in Austin, taking the No. 1 spot on our list. They primarily serve individuals and high-net-worth clients.
The firm's team is highly credentialed, holding certifications such as Certified Financial Planner (CFP), accredited investment fiduciary (AIF), and chartered financial analyst (CFA).
HUB Investment Partners is a fee-only firm, meaning its advisors do not earn commissions from selling financial products.
The firm does not specify a minimum account size, making it a viable option for clients with varying levels of wealth.
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Background and Expertise
Austin Private Wealth is a firm that has been around since 2010, making it a relatively newer player in the financial services industry. The firm is owned by a group of experienced professionals, including Dan Kraus and Raoul Celerier, who have over 50 years of combined experience in financial services.
The team at Austin Private Wealth offers a range of services, including asset management, financial planning, and consulting, as well as retirement plan consulting. They manage both wrap-fee and non-wrap-fee accounts, giving clients a choice in how they manage their finances.
One of the key benefits of working with Austin Private Wealth is that they are a fee-only firm, meaning their advisors do not earn commissions from selling financial products. This approach can help ensure that clients receive unbiased advice and guidance.
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Investment Strategy
Austin Asset's investment strategy is built on the idea of long-term thinking, with a focus on holding securities for over a year. This approach allows for a more stable and predictable return.
The firm emphasizes diversification, recognizing that risk and return are closely linked. By spreading investments across different asset classes, they aim to minimize risk and maximize potential returns.
Austin Asset prioritizes equities over fixed income, seeing greater potential rewards in taking equity risks. This means they're willing to take on more risk in pursuit of higher returns.
Their equity allocation is globally diversified to avoid concentration risks, which can be a major concern for investors. This approach helps to spread risk and increase potential returns.
The fixed income portion of their strategy focuses on high-quality, short-term debt to minimize interest rate and default risks. This approach helps to provide a stable source of income while minimizing risk.
Austin Asset's strategy targets three key risk premiums: equity, value, and small company. By focusing on these areas, they aim to create a portfolio that's both diversified and high-performing.
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Background
Austin Asset has been around since 1986, making it the longest tenured firm on our list.
William Hehman and Gregory Van Wyk, the principal owners of Austin Asset, have led the firm since its inception.
The combined experience of the owners of Austin Private Wealth, Dan Kraus and Raoul Celerier, is over 50 years in financial services.
Austin Asset claims to be one of the first to provide fee-only financial services, which is a significant advantage for clients.
Austin Private Wealth was founded in 2010 by Celerier and Kraus, and the firm offers a range of services including asset management and retirement plan consulting.
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Private Wealth Management
Austin Private Wealth is a fee-only firm that doesn't have a minimum account size, making it accessible to individual investors with or without high net worths. They also work with pensions and profit-sharing plans.
Their advisory team includes Certified Financial Planners (CFPs) and other accredited professionals who are compensated through asset-based advisory fees and fixed charges. This means no commissions or hidden fees for their clients.
Austin Asset, another top-rated firm in Austin, is also fee-only and doesn't have a minimum account size. They charge a flat fee of $5,000 plus asset-based fees for wealth management.
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Exceeds $1B in Assets Under Management
Austin Private Wealth has reached a significant milestone by exceeding $1 billion in assets under management (AUM). This achievement is a testament to the firm's commitment to providing exceptional service to its clients.
The firm's growth is remarkable, having doubled its assets in just 4 years. In 2019, Austin Private Wealth had 13 team members and $538 million in assets under management, and by February 2024, they had grown to 23 team members and over $1.1 billion in assets.
Co-managing partner Dan Kraus attributes the firm's success to consistency, stating that they focus on improving their service and living up to their promises to clients. This approach has earned them a high level of trust and loyalty from their clients.
Austin Private Wealth is a fee-only firm, meaning they make money solely from fees, rather than commissions. This approach allows them to prioritize their clients' needs and interests.
The firm's advisory team includes Certified Financial Planners (CFPs) and other accredited professionals, ensuring that clients receive expert guidance and personalized advice.
Austin Private Wealth is committed to delivering the best possible experience for their clients, and they welcome this milestone as a chance to continue improving their services and quality of advice.
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Private Wealth
Private wealth management firms offer a range of services to individuals and organizations. Austin Private Wealth, a fee-only firm, is the seventh highest-rated firm in Austin, according to our metrics.
Their advisory team includes Certified Financial Planners (CFPs), chartered retirement planning counselors (CRPCs), and other accredited professionals. These professionals provide expert guidance on investments, retirement planning, and other financial matters.
One of the key benefits of working with a fee-only firm like Austin Private Wealth is that they do not charge commissions or collect other hidden forms of compensation. Instead, they are compensated through asset-based advisory fees and other fixed charges.
If you're looking for a fiduciary financial advisor, here are the top 10 firms ranked by assets managed:
Keep in mind that each firm has its own unique approach and minimum requirements for clients.
Frequently Asked Questions
Who are the owners of Austin Private Wealth?
Austin Private Wealth is owned by Raoul Celerier and Dan Kraus, who co-founded the company in 2006. Both experienced financial advisors have led the firm for over 15 years.
Who is Dan Kraus Austin's private wealth?
Dan Kraus is a seasoned financial expert and co-founder of Austin Private Wealth, with a strong educational background in economics and business. He has received numerous awards for his career achievements in the financial industry.
Who is Raoul Celerier?
Raoul Celerier is a seasoned financial advisor with over 20 years of experience, co-founder of Austin Private Wealth. He brings extensive expertise to the table, having co-founded the firm in 2006.
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