Homrich Berg to Buy $6.4B Maryland Family Office and RIA 

Homrich Berg, an Atlanta-based wealth advisor, has acquired WMS Partners, a $6.4 billion Towson, MD-based multi-family office and registered investment advisor, which will become part of HB Family Office. Financial terms of the deal, which is expected to close early in the first quarter of 2025, were not revealed. 

WMS provides a holistic suite of wealth management and family office solutions for high- and ultra-high-net-worth individuals and families. The firm, founded in 1993 by Tim Chase, David Citron and Martin Eby, has grown to over 80 employees and partners. 

Homrich Berg president and CEO Thomas Carroll, who replaced Andy Berg at the beginning of the year, said the two firms “share a unique approach to advanced planning and private market investing,” and the addition of WMS Partners will help Homrich Berg on its goal to become “the premier independent fee-only RIA in the Southeast-plus region.” 

This transaction expands Homrich Berg’s footprint into the mid-Atlantic region. The Atlanta-based firm recently received a strategic minority investment from TPG Growth and the opening of a Tampa, FL office through the addition of a 12-person team. The acquisition is the first since hiring Andrew Page, head of corporate development at Homrich Berg, to lead mergers and acquisitions activities. 

The WMS acquisition will bring HB’s total assets under management to over $24 billion, expanding its footprint to include 10 offices across five states with more than 300 team members. At the closing of this transaction, all 21 WMS shareholders will become owners in HB, bringing the total shareholder count for the combined firm to over 70. 

Willkie Farr & Gallagher LLP served as legal counsel to WMS Partners, while Alston & Bird LLP served as legal counsel to HB.