Homrich Berg Enhances Services Through Strategic Acquisition
Homrich Berg, an Atlanta-based fee-only wealth advisor, has recently completed its significant acquisition of WMS Partners, a registered investment advisor that manages $6.4 billion in assets. This acquisition not only expands HB's service offerings but also enhances its ability to serve ultra-high-net-worth families throughout the United States.
About WMS Partners and Its Role
Founded in 1993, WMS Partners has a strong reputation as a multi-family office, offering customized wealth management solutions. Their expertise extends to investment advisory services and comprehensive estate planning, providing a holistic approach to managing wealth. With their integration into Homrich Berg, the team at WMS will add substantial depth to the firm's wealth management capabilities.
The Vision Behind the Acquisition
The acquisition of WMS Partners aligns perfectly with Homrich Berg's vision of enhancing its family office services. According to CEO Thomas Carroll, it was essential for any partner to share the company’s core values centered around high-touch, client-first financial management. WMS’s addition represents a cultural fit and a commitment to excellence that both firms prioritize.
Implications for Clients and the Industry
This merger amplifies Homrich Berg’s role as a regional integrator among independent RIAs. The combined firm is now positioned to manage over $24 billion in assets, paving the way for future growth and extended services to accommodate ultra-high-net-worth clients.
The Excitement of Joining Forces
Martin Eby, co-founder of WMS Partners, expressed excitement about this new chapter, which allows them to scale operations and utilize HB's extensive resources. The promise to deliver high-quality, personalized experiences remains intact, ensuring that clients will continue to receive exceptional service.
Maintaining Business Continuity
WMS Partners’ office in Towson will remain operational post-acquisition, with leadership and advisors staying in place to support ongoing client relationships. This stability is crucial for both clients and employees, reinforcing the commitment to delivering consistent and familiar service.
The Future of Homrich Berg
With the addition of WMS, Homrich Berg is set to strengthen its marketplace presence. The firm operates ten offices across five states, supported by a team of over 300 professionals dedicated to wealth management. As a leading independent wealth management firm, Homrich Berg focuses on providing fiduciary, fee-only investment management and financial planning services.
About Homrich Berg
Established in 1989, Homrich Berg stands out as a knowledgeable partner for individuals, families, and not-for-profits seeking proficient financial management. The firm currently manages more than $18 billion in client assets nationwide, showcasing its effectiveness and reliability in the financial industry.
Frequently Asked Questions
What does the acquisition mean for existing clients of WMS Partners?
The acquisition is designed to enhance services without disruption, ensuring clients receive the same high-quality, personalized experiences.
How will Homrich Berg benefit from this acquisition?
With the acquisition, Homrich Berg will expand its assets under management to over $24 billion, allowing for broader services and regional growth.
What is the primary focus of Homrich Berg?
Homrich Berg specializes in fiduciary, fee-only investment management and financial planning services for high-net-worth individuals and families.
How many offices does Homrich Berg currently operate?
After the acquisition, Homrich Berg operates ten offices across five states, boosting its presence in the financial advisory industry.
What are the core values of Homrich Berg?
Homrich Berg prioritizes high-touch, client-first service through comprehensive wealth management aligned with its core values.
