Austin Private Wealth (APW) announced it has reached a significant milestone: over $1 billion in assets under management (AUM). This milestone is a major step in the growth of APW, founded by Dan Kraus and Raoul Célérier.
In 2019 became an independent fee-only fiduciary. And at that time, APW had 13 team members and $538 million in assets under management (AUM). As of February 2024, the firm doubled that number, currently sitting at just over $1.1 billion.
KEY QUOTES:
“Year in, year out, we are trying to improve our service and do what we say we are going to do. Living up to our promises to our clients is our number one priority.”
“No one step (got us to this milestone). Just putting our heads down and doing the work [got us here]. In the financial services industry, it is very easy to get distracted by the shiny new things, particularly new investments. Our clients appreciate that while we certainly do evaluate all the opportunities in the marketplace, we are only interested in products and services that can truly help them better reach their goals than the ones we are currently using. That is a high bar.”
“There are lots of opportunities to improve our services, quality of advice, and scale as a firm so we can help more families at an even-higher level,” Kraus said. “If we keep focusing on those, the milestones will take care of themselves.”
- Co-managing partner Dan Kraus
“We welcome this milestone and remain extremely focused on delivering the best possible experience for our clients.”
- Co-managing partner Raoul Célérier
