Gil Baumgarten – Founder and CEO of Segment Wealth Management

Gil Baumgarten is a 36-year veteran of the securities and investment industry. After beginning his career at the venerable EF Hutton in the early 1980s, Gil became a top producer for UBS and Smith Barney, what is today Morgan Stanley. However, Gil found Wall Street routinely emphasized its own interests over those of the client. By the time 2010 came about, Gil jumped off the brokerage train to start Segment, a fee-only firm where the interests of the client could align with the interests of the firm.

In 2021, Gil published his first book, FOOLISH: How Investors Get Worked Up and Worked Over by the System. The best-selling book highlights the hidden problems endemic among Wall Street brokerage firms, as well as the deeply rooted self-destructive tendencies of investors, and provides investors with an actionable path forward.

Gil’s insights include: 

• The importance of assessing suitability
• What fiduciaries do
• How Gil took his years of experience to write his book Foolish: How Investors Get Worked Up and Worked Over By The System
• What FINRA is
• How the pandemic impacted his company
• Why you should take bigger risks in your career

Enjoy the show!

Connect with Gil:

Website: https://segmentwm.com/about/#segment

Book: https://gilbaumgarten.com/book/

Connect with Gary:

Website: https://sbadvisors.cc/

Facebook: https://www.facebook.com/SmallBusinessAdvisors

LinkedIn: https://www.linkedin.com/in/gary-d-heldt-jr-388a051/

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