Titleist Asset Reaches $1.1B in Assets Under Management

Titleist Asset Management Ltd. (TAM) recently reached a significant milestone: $1.1 billion in assets under management. TAM was founded in 2003 by Byron Fields and Joe-Ben O’Banion with no existing clients.

The firm grew at an annualized rate of 36 percent in the past 18 years. TAM maintains dual headquarters in Austin and San Antonio with additional offices in Dallas, Houston, Miami and New York City.

TAM was ranked by Financial Advisor magazine as the fastest-growing Registered Investment Advisor firm in Texas and the 19th fastest-growing in the country among firms with at least $500 million in assets under management (AUM). TAM grew its AUM by 54.79 percent from 2019 to 2020.

Unlike many fastest-growing firms, TAM accomplished this growth organically versus through acquisition. TAM added only two investment advisers in 2020, representing less than 10 percent of that growth.

“Our initial operational intent wasn’t to just build a firm of advisors to compete in the marketplace. Instead, our strategic imperative was to create a workplace culture with an entrepreneurial mindset focused on generating great investment outcomes for our clients,” O’Banion said. “With this focus in mind, there is no doubt we can grow to $2 billion to $3 billion in assets under management over the next couple of years.”