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HB Wealth Management Completes Acquisition of WMS Partners to Expand Family Office Services

Jan 16, 2025•11 months ago

Acquiring Company

Homrich Berg

Acquired Company

WMS Partners

AtlantaTowsonFinancial ServicesOtherSoftwareFinance

Description

HB Wealth Management, a leading Atlanta-based fee-only wealth advisor, has successfully closed the acquisition of WMS Partners, a $6.4 billion AUM RIA headquartered in Towson, Maryland. This strategic acquisition enhances HB’s family office service offerings, strengthens its presence in the mid-Atlantic region, and positions the combined firm to better serve ultra-high-net-worth families across the U.S.

Company Information

Company

Homrich Berg

Location

Atlanta, Georgia, United States

About

Founded in 1989, Atlanta-based Homrich Berg is a national independent wealth management firm that provides fiduciary, fee-only investment management and financial planning services, serving as the leader of the financial team for our clients, including high-net-worth individuals, families and not-for-profits. Homrich Berg manages over $10 billion for more than 2,000 family relationships nationwide.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed