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

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

April 4, 2022

Financial Services

Homrich Berg (HB) announced it is expanding in metro Atlanta by acquiring Oakbridge Partners, a $1.5 billion fee-only RIA based in Buckhead. Upon closing, the firms expect combined assets under management of more than $13 billion, with Oakbridge’s principals and team joining HB.

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.

WA Asset Management Acquires BT Wealth Management

June 30, 2022

Financial Services

WA Asset Management (WAAM), a Birmingham-based registered investment adviser, has acquired BT Wealth Management (BTWM), the wealth management division of Bennett Thrasher, LLP. The deal brings BTWM's 14-person team and approximately $1 billion in AUM into WAAM and establishes a strategic foothold for WAAM in Georgia (Atlanta and Savannah) to support further regional growth.

HUB International Acquires Assets of Heritage Wealth Management Group (PA)

June 20, 2022

Financial Services

HUB International Limited acquired the assets of Heritage Wealth Management Group, LLC, a Moon Township, Pennsylvania-based independent financial advisory firm. Terms were not disclosed; Heritage serves about 300 clients with more than $205 million in assets under management and Michael Finnell and his team will join Hub's Retirement and Private Wealth business to bolster its retirement and wealth advisory capabilities in Western Pennsylvania.

World Investment Advisors Acquires Boston Harbor Wealth Advisors

July 25, 2024

Financial Services

Santa Barbara-based World Investment Advisors, a subsidiary of World Insurance Associates, has acquired Boston Harbor Wealth Advisors, an independent financial advisory firm based in Westborough, Massachusetts. The deal brings more than $3.5 billion in AUM, 76 team members and 15 offices into World’s platform as part of its ongoing RIA roll-up and AUM growth strategy.