Homrich Berg Acquires Oakbridge Partners (RIA) for Expansion in Metro Atlanta

Homrich Berg Closes Acquisition of WMS Partners (HB Wealth Management)

January 16, 2025

Financial Services

HB Wealth Management (Homrich Berg) has closed its acquisition of WMS Partners, a $6.4 billion AUM multi-family office and registered investment adviser headquartered in Towson, Maryland. The deal integrates WMS into HB Family Office, expanding HB’s mid-Atlantic footprint and enhancing its family office service offerings for ultra-high-net-worth families.

New Mountain Capital Makes Minority Investment in Homrich Berg

July 30, 2021

Financial Services

New Mountain Capital (via New Mountain Strategic Equity I, L.P.) has made a minority growth investment in Atlanta-based wealth management firm Homrich Berg to support ownership succession and accelerate the firm's growth and capability expansion. Homrich Berg’s founders and current owners retain majority ownership and will continue to operate the independent, fee-only RIA focused on high-net-worth individuals, families and institutions.

Homrich Berg Receives Strategic Minority Investment From TPG Growth

September 26, 2024

Financial Services

Homrich Berg, an Atlanta-based independent wealth management firm, announced a strategic minority investment from TPG Growth. The deal terms were undisclosed, with Homrich Berg’s management team remaining the largest shareholder group and retaining operational control.

Janus Henderson Group to Acquire Richard Bernstein Advisors

January 23, 2026

Financial Services

Janus Henderson Group entered into a definitive agreement to acquire 100% of Richard Bernstein Advisors (RBA), a research-driven macro multi-asset investment manager. The acquisition is expected to close in Q2 2026 and is intended to significantly expand Janus Henderson’s model portfolio and separately managed account (SMA) offerings.

Oakbridge Insurance Acquires Phoenix Associates

October 9, 2025

Insurance

Oakbridge Insurance Agency LLC announced that Phoenix Associates, a Marietta, Georgia-based independent insurance agency focused on private schools and daycares, has joined Oakbridge's platform. The deal expands Oakbridge's specialty offerings in the education sector and gives Phoenix access to broader service capabilities and resources to support growth. Oakbridge is PE-backed (Audax Private Equity) and will operate Phoenix as part of its growing agency platform.

Audax Private Equity Acquires Oakbridge Insurance from Corsair

September 26, 2023

Insurance

Audax Private Equity has partnered with Oakbridge's management team to acquire a majority stake in Oakbridge Insurance Agency LLC from Corsair Capital; terms were not disclosed. Audax said it will support Oakbridge's buy-and-build strategy to accelerate growth across the Southeast while Oakbridge's management and employees retain a significant ownership position.