Homrich Berg Appoints CEO Successor
Registered investment advisor Homrich Berg announced that Andy Berg, co-founder and CEO, will be replaced by current president and former SunTrust Bank wealth management veteran Thomas Carroll, effective January 1, 2024, to run the $14 billion firm.
Berg, who launched the Atlanta-based firm in 1989 along with David Homrich, will remain as chairman of the board of directors.
“Building Homrich Berg into the successful client-focused, independent, fee-only wealth management firm it is today has been the highlight of my career,” said Berg. “Thomas shares our mission, vision and values, and I am confident he is the leader who will support the core of what makes Homrich Berg so special. I look forward to continuing to serve on the board and engaging with our clients and employees in the years ahead.”
Carroll joined Homrich Berg in 2020 to fulfill the firm’s “multi-year transition plan.” He has led various “growth and service enhancement initiatives” and worked with Berg on the transition plan, which the company’s board approved earlier this year
Carroll previously spent 20 years at SunTrust Bank as an advisor and head of division wealth management. He was also CEO of GenSpring Family Offices, the multifamily-office subsidiary of SunTrust Bank.
The firm manages assets for about 3,000 families from offices in Georgia, Florida, South Carolina and Tennessee.
Pictured l to r: Thomas Carroll, Andy Berg