Homrich Berg, the Atlanta-based RIA with $18 billion in assets under management, is bolstering its appeal to well-heeled clients with a strategic hire to bolster its wealth planning.
On Monday, the fee-only firm announced Tim Tallach as its new director of advanced tax planning and family office services, a role created to enhance its services for ultra-high-net-worth clients.
Tallach, who brings 28 years of experience, will oversee advanced income and transfer tax guidance, partnering with advisors to deliver tailored tax strategies. Reporting to Michael Woocher, principal and chief advisory officer at Homrich Berg, he will lead efforts to refine and expand family office services to address the unique complexities faced by UHNW families.
The appointment builds on the firm's December deal to acquire WMS Partners, a $6.4 billion family office in Maryland, which is part of its broader expansion strategy that got a boost in September via a minority investment from private equity firm TPG.
“Tim’s appointment marks a significant enhancement in our ability to offer specialized tax guidance to clients,” Thomas Carroll, president and CEO of Homrich Berg said in a statement Monday. “His established track record in advancing client goals through innovative tax solutions and family office management aligns with our mission to deliver exceptional service.”
Before joining Homrich Berg, Tallach spent nearly 20 years with GenSpring Family Offices and Pathstone Family Office, where he focused on tax planning and family office solutions for wealthy families. Earlier in his career, he worked at Arthur Andersen LLP advising ultra-high-net-worth individuals and executives.
Apart from his deep experience, Tallach's expertise in tax rests on a foundation of solid credentials. A long-tenured member of several tax and estate planning sub-committees at the American Bar Association, he's a licensed attorney and CPA, and has held professional certifications and licenses relating to securities and life insurance.
“The ethos of HB, which centers on surrounding each client with a team of expert planners, truly resonates with me,” Tallach said of his decision to join the RIA.
“The complexities of significant family wealth are akin to those of managing a business. Growing up working in my family’s business, I learned the importance of coordination, communication, and strategic thinking – principles I aim to bring to this role.”
Divorce is a financial inflection point, not just a legal one and wealth managers need to be part of the process from day one
Nearly three quarters of US households hold tax-advantaged retirement accounts as IRA assets reach $18 trillion.
Robinhood is adding Cortex for Advisors across TradePMR, bringing AI-powered portfolio analysis and tax insights to advisors, while executives say regulatory constraints still prevent AI from directly managing client assets.
As Americans transition from saving for retirement to spending in retirement, new research suggests sustainable income matters more than account balances.
The agreement marks the end of a four-decade sub-advisory partnership while giving Wellington a scaled distribution platform for financial advisors.
As $84 trillion prepares to change hands, advisors who treat estate planning as peripheral are quietly building a sieve, not a book.
In volatile markets, the advisors who win aren't the ones with the best calls - they're the ones whose clients stay the course.
