Only 5 years old, Max Frias might be gearing up for a future career in asset management as he learns the trade while riding along with his father, Luis, when he goes on property visits and to meetings.
Luis Frias is the founder and principal of San Antonio-based CalTex Capital Group, an investment firm with about $100 million in assets under management. He “enrolled” Max in a summer program that Luis Frias teaches and has dubbed Asset Management 101. The course involves tagging along for morning meetings with investors, joining Dad on property tours before lunch and earning ice cream as a reward for spotting maintenance issues.
“My own upbringing played a big role in how I mentor Max,” Luis Frias told CoStar News. “My father was an insurance sales executive, and I spent countless hours in his office watching him work. My mother works in real estate, and she was my first mentor: She guided me through studying for and earning my real estate license.”
Now, Luis Frias said, he's "eager to pass along everything I’ve learned to Max. My hope is that, in time, he’ll take the investment firm I founded and bring it to the next level.”
Luis Frias said he is also learning from Max, his only child, who offers a fresh perspective and a lesson on the importance of balancing fun with business.