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.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
