
William Gray
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- Full Name
- William "Will" L. Gray, CAIA
- Title
- Partner & Portfolio Manager
- Firm
- HFS Wealth Management (Howard Financial Services)
- Firm Type
- Registered wealth-management / multi-family-office advisory firm (not a traditional angel/venture fund)
- Investment Stage
- Public markets and hedge-fund / alternative investments for private clients (the "Angel / Seed" label in the source stub is not supported by available evidence — see Background)
- Sector Focus
- Broad, cross-asset — public equities, fixed income, and hedge-fund / alternative strategies
- Geographic Focus
- United States (globally diversified client portfolios)
- Location
- Austin, Texas (HFS Wealth Management is headquartered at 8350 Meadow Road, Suite 181, Dallas, TX 75231)
Background
Will Gray is a Partner and Portfolio Manager at HFS Wealth Management, a Texas-based advisory firm (also operating as Howard Financial Services / HFS Capital Partners) that serves high-net-worth individuals, families, and foundations. In his role he manages public-market and hedge-fund investments, designing globally diversified portfolios tailored to each client's return and risk objectives. He holds the CAIA (Chartered Alternative Investment Analyst) designation, reflecting his focus on alternatives and hedge-fund allocation.
According to his firm and professional profiles, Gray draws on more than a decade of institutional investment and advisory experience. Over his career he has advised institutions on hedge-fund investments and managed globally diversified portfolios for high-net-worth individuals and family-office groups. His earlier career includes roles associated with Price Wealth Management, Bull Creek Capital Management, and Austin Capital Management — the latter two being Austin-based investment/hedge-fund advisory shops — before his current tenure at HFS.
He earned a BBA in Finance from The University of Texas at Austin's Red McCombs School of Business (studies circa 1998–2001).
A note on the source data: the stub describing William Gray as an "Angel Investor" writing "Seed Round" checks does not match the public record. All verifiable sources describe him as a wealth-management portfolio manager specializing in public markets and hedge funds for private clients, not a startup angel investor. No individual startup/seed investments could be verified, and none are invented below.
Investment Thesis & Focus
- Invests on behalf of HFS's high-net-worth, family, and foundation clients — building diversified portfolios rather than making personal angel bets.
- Core competency is public-market and hedge-fund / alternative-investment selection and allocation, consistent with his CAIA credential.
- Emphasis on globally diversified, risk-objective-driven portfolios — allocations are tailored to each client's specific return and risk profile.
- Institutional-grade due diligence: over a decade of advising institutions on hedge-fund investments and managing family-office capital.
- No publicly stated venture/angel thesis or seed-stage check size is on record.
Notable Investments
- No individually attributable startup or seed-stage investments could be verified from public sources. Gray's investing activity is conducted through client portfolios at HFS Wealth Management (public equities, fixed income, and hedge-fund/alternative strategies) rather than as a named angel investor in specific companies.
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