Overview
Austin Private Wealth is an independent, fee-only financial advisory firm headquartered in Austin, Texas, with an additional office in Corpus Christi. The firm is a Registered Investment Adviser (RIA) dedicated to delivering client-centric financial strategies for individuals, families, and businesses, operating with a fiduciary duty to ensure their professionals act in the best interest of their clients by providing transparent and individualized financial advice.
Vision and Mission
Austin Private Wealth aims to inspire clients to achieve a life of growth by optimizing their financial lives rather than solely maximizing investment returns. Their mission encompasses providing comprehensive financial strategies that address both short-term financial needs and long-term legacy planning goals.
Key Personnel
- Raoul Celerier, MBA, CFP®, CEP®, CRPC®: Co-Managing Partner and seasoned financial advisor with over 15 years of experience. Co-founded Austin Private Wealth alongside Dan Kraus in 2006. He shapes the strategic direction of the firm and ensures high standards of client service.
- Dan Kraus, MBA, CFP®, CRPC®, APMA®: Co-Managing Partner with over 30 years of experience in financial services, previously holding various roles in trading and marketing. His leadership is integral to offering superior financial management and advisory services.
- Joshua Dvorak, CFP®: Partner and Director of Investments, specializing in financial planning and wealth management, focused on helping clients achieve their financial goals through diverse investment strategies.
- AJ Wagner, CFP®, BFA™, CRPC®: Partner and Director of Financial Planning, contributing to the firm's growth with strategic insights and leadership skills since joining in 2007.
Service Offerings
Austin Private Wealth offers a broad range of services, including:
- Financial Planning: Tailored planning addressing unique needs, risk tolerance, and tax situations.
- Wealth Management: Custom investment solutions offering access to exclusive opportunities.
- Retirement and Estate Planning: Strategies to create a sustainable future and preserve client legacy.
These services are part of a comprehensive portfolio management wrap program, covering asset management and financial planning or consulting services. The firm manages a portfolio valued at $1,079,878,319 USD, with assets under management exceeding $1 billion as of March 2024.
Industry Position and Clientele
The firm caters primarily to high-net-worth individuals, families, and business owners, alongside retail investors and pension plans. Austin Private Wealth prides itself on its global industry insights and the diverse expertise of its professionals, backed by extensive educational backgrounds and professional designations.
Notable Achievements
- Assets Under Management (AUM): Surpassed $1 billion, indicative of significant growth and market confidence.
- Industry Recognition: Representation at prestigious industry events like the Forbes Top Teams by Co-Managing Partners, Dan Kraus and Raoul Celerier.
Contact Information
- Austin Office: 3108 N Lamar Blvd., Suite B100, Austin, TX 78705-2013
- Phone: (512) 886-4114
- Fax: (512) 886-4102
- Email: info@austinprivatewealth.com
- Corpus Christi Office: 1756 Santa Fe St, Corpus Christi, TX 78404-1857
- Phone: (361) 600-3800
For further inquiries, clients can visit their [website](https://austinprivatewealth.com/) or connect via their [LinkedIn page](https://www.linkedin.com/company/austinprivatewealth).
Competitor Profiling
Competitors and Market Landscape
Austin Private Wealth faces competition from several renowned financial institutions and wealth management firms:
- Edward Jones: Known for its extensive network across North America with over 15,000 locations. The firm operates with a revenue of $15.7 billion and AUM exceeding $1.8 trillion.
- Fidelity Investments: Founded in 1946, standing as one of the largest asset managers globally with AUM totaling $5.8 trillion and assets under administration at $15.0 trillion as of September 2024. Offers extensive brokerage, wealth management, and investment advisory services.
- MassMutual: Offers comprehensive insurance and investment services with AUM of $466 billion as of December 2022, recognized for providing robust financial security and asset growth solutions.
Other key players in the Austin market include Venturi Private Wealth, a multi-family office serving ultra-high-net-worth clients, and Oxbow Advisors, providing specialized wealth management post-liquidity events.
Competitive Advantage
While major financial institutions like Edward Jones and Fidelity offer a vast array of services with significant resources, Austin Private Wealth differentiates itself through personalized client engagement, offering a tailored advisory experience often lacking in larger conglomerates. The firm leverages its boutique nature to deliver bespoke, high-touch services tailored to each client's intricate financial needs.
Strategic Insights
Understanding these dynamics is critical for potential engagements. Austin Private Wealth's potential clients may value the personalized service over generalized offerings from larger firms. Emphasizing the firm's ability to cater specifically to affluent clients with custom investment strategies can appeal to those seeking distinctive financial services in a crowded market.
