Highly Experienced Finance Executive
Melissa Torres Anderson Will Direct
1900 Wealth
Management's Business Development in the Austin Market
AUSTIN,
Texas, July 31, 2024 /PRNewswire/ -- San Antonio-based, family-owned investment
advisor 1900 Wealth Management™ (1900 Wealth®) today
announced it has tapped Melissa Torres
Anderson to be managing senior vice president for its
Austin office.
"Melissa is a seasoned executive with extensive experience in
finance, operations, reporting and private fund operations and
compliance," said 1900 Wealth President Todd Brockwell. "She is a leader with proven
ability to provide strategic vision for our business development in
the Austin market while ensuring
our clients receive the best-in-class, personalized service that
has always been a cornerstone of our business philosophy."
"It is an honor to assume this position of high trust with such
a respected institution as 1900 Wealth Management," said Anderson.
"The experiences I have had and the knowledge I have accumulated
throughout my career have led me to this time and place. My goal
for the Austin office is to
develop relationships with clients focused on wisely managing
generational wealth. Beyond that, the Austin community is bright, entrepreneurial
and home to great universities. There is a tremendous talent pool
for recruitment and expanding our ability to serve new
clients."
Anderson has more than 25 years' experience in the financial
services industry. Over her career, she has focused on due
diligence of various investment strategies and management of
finance and operations of Registered Investment Advisors (RIAs).
These roles have included chief operations officer/chief financial
officer (COO/CFO) of Windmuehle LLC; principal, CFO, COO and chief
compliance officer (CCO) of Meritage Capital LP, each a SEC-RIA;
and founder of Bull Creek Financial LLC, a consulting firm
providing services to private funds and family offices. Anderson
also served as family office executive to St. James's Park Holding
LLC and Treasury Controller at Dell Inc., where she was responsible
for the accounting of treasury, venture investment and corporate
finance transactions. She began her career in the audit practice of
PricewaterhouseCoopers and holds a BA in accounting from
Southwestern University.
Anderson currently serves as a trustee at Southwestern University, a member of the board of
The Catholic Foundation - Diocese of Austin and a member of the Helping Hand
Society.
1900 Wealth Management is wholly owned by Jefferson Bank, a family-owned legacy bank that
has been a leader in the South
Texas banking community since 1946. Founded in 2015, the
firm specializes in helping families grow their wealth through
sound investment management, as well as addressing the complex
challenges faced by high-net-worth families, while providing
responsible stewardship over generational wealth. Its clients also
benefit from the many expanded resources of the parent company. In
2023, 1900 Wealth opened its Greater
Austin/Central Texas office
in the heart of the downtown business sector, looking to capitalize
on the region's phenomenal growth and the tremendous amount of
private wealth created or transitioning to Austin in recent years.
For years, Austin has been one
of the fastest-growing metropolitan areas in the US, and now it is
one of the top-ranking cities nationwide for the attracting
high-net-worth individuals. As stated in a recent article from the
Austin American Statesman, from 2013 to 2023, Austin's millionaire population grew by 110%,
or 30% more than the original Silicon Valley during that same
period. According to the latest data from New World Wealth and
Henley & Partners, Austin has
32,700 millionaire residents, ranking 10th among US
cities in that category. Austin is
home to 92 centi-millionaires — individuals with wealth totaling
more than $100 million — and 10
individuals worth more than $1
billion.i
Since its founding, 1900 Wealth has demonstrated an exceptional
aptitude for keeping pace with market trends, especially through
increasing investments on its unique alternative investment
platform. To date, investors have participated in 39 alternative
investment opportunities worth more than $200 million, including private credit, venture
capital, oil and gas, music royalties, consumer products, and real
estate.
In March 2024, 1900 Wealth
Management announced its assets under management (AUM) surpassed
$2 billion. This notable achievement
came on the heels of a successful 2023 marked by moving into a new
San Antonio headquarters, market
expansion in the Boerne and
Austin areas, asset growth and
expanded alternate investment offerings. Brockwell believes the
firm will reach $2.4 billion AUM by
the end of 2024.
"The opportunity to join 1900 Wealth and lead the Austin market attracted me for two reasons,"
Anderson said. "First, my career has taught me the critical
importance of building a team through trusted service partners to
provide the highest level of performance. Second, 1900 Wealth's
culture is deeply rooted in the committed leadership of
Jefferson Bank to its employees and
clients. The spirit of trust and caring that is evident in every
team throughout the organization results in exemplary client
service. Jefferson Bank and 1900
Wealth are firmly committed to investing in the Austin market, even at a time when we have
observed various consolidations in the banking sector. Now more
than ever, 1900 Wealth is ideally positioned to distinguish itself
in the marketplace."
"As I've said many times, I attribute all 1900 Wealth's
successes over the past nine years to our exceptional personnel,
and Melissa Anderson adds
immeasurably to the quality, depth and breadth of our financial
team," said Brockwell. "Looking ahead, we will continue to grow our
client base, AUM and employee base both in the Capital City and
throughout 1900 Wealth as a whole. We have put down roots in
Austin, and we are here to
stay."
About 1900 Wealth Management LLC
Founded in 2015 as
Monticello Wealth Management and rebranded as 1900 Wealth
Management™ in 2021, 1900 Wealth® is a San Antonio-based investment advisory firm
focusing on building structured wealth management plans for
high-net-worth individuals and families. The firm is wholly owned
by Jefferson Bank, which has been
part of the San Antonio banking
community since 1946. 1900 Wealth is registered as a Registered
Investment Adviser with the US Securities and Exchange Commission.
Like its parent company, it is independent, guided by principles
and structured for convenient, personalized service. To learn more
visit www.1900Wealth.com.
i Austin American-Statesman. (2024, April 12). Austin is becoming a hub for high-wealth
individuals. Here's where it ranks in US, world. Austin
American-Statesman.
https://www.statesman.com/story/business/2024/04/10/richest-cities-in-us-america-austin-tx-rank-millionaires-billionaires/73163614007/i
View original
content:https://www.prnewswire.com/news-releases/1900-wealth-management-austin-office-adds-managing-senior-vice-president-302210677.html
SOURCE 1900 Wealth Mangement