Homrich Berg Wealth Management, an $11 billion Atlanta-based registered investment adviser, is acquiring Oakbridge Partners, a $1.3 billion RIA based in nearby Buckhead, Georgia.
Founded in 1974, Oakbridge is one of the oldest fee-only wealth management firms in the southeastern U.S.
Oakbridge executives said joining Homrich will mean improved infrastructure and more resources to better serve clients.
“We hit a critical point in our growth and had to make an important decision to either add infrastructure — including management, investment solutions, and technology — or to partner with a firm with those capabilities,” Oakbridge principal William Cohen said in a statement.
“We have great respect for what our friends down the road at HB have built and are excited to join the firm and be part of the firm’s growth trajectory in the Southeast,” he added.
The Oakbridge Partners advisers serve more than 480 households across 19 states.
Homrich Berg, which describes itself as the largest independent fee-only wealth management RIA in Atlanta, “provides the internal resources, executive management, private investments, and technology platform to allow the Oakbridge advisers to focus on clients and offer them an enhanced client experience,” according to the announcement.
Founded in 1989, Homrich Berg provides advisory services for more than 2,000 family relationships nationwide.
“For us, every firm that joins HB must be a cultural fit and hold a strong belief in serving clients the way that we do by putting planning first,” Homrich president Thomas Carroll said in the prepared statement.
“With aligned firm philosophies and talent, we feel confident that the new team will be a seamless extension of our firm as we expand our strong presence in Atlanta,” he added.
The deal, which was being announced to clients on Monday, is expected to close at the end of May.
Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.
Whichever path you go down, act now while you're still in control.
Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.
“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.
Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.
Streamline your outreach with Aidentified's AI-driven solutions
This season’s market volatility: Positioning for rate relief, income growth and the AI rebound
