Homrich & Berg Inc is a large advisory firm based in Atlanta. It manages $5.46 billion of regulatory assets for 8,190 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 26 other states.
Homrich & Berg provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and selection of other advisers. It prepares financial plans for approximately 2,000 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Homrich & Berg Inc is $5.46 billion. The firm's AUM has grown by 1315% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Homrich & Berg Inc for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Andrew Berg is high net worth individuals with 1,166 clients and $4.08 billion of assets under management. Among the 10 most similar advisory firms, Homrich & Berg has the highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $5.25 billion for 2,033 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Homrich & Berg also advises several private funds. Namely, three real estate funds and seven private equity funds. The minimum investment commitment required of non-related persons ranges from $75,000 to $300,000.
The company employs 98 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 36 employees are registered as investment adviser representatives with the state securities authorities.
There are 4 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Andrew Berg has been acting as President since 1 Oct 1989. William Harold Bolen joined the executive team most recently as the Principal.
The principal office where Homrich & Berg Inc performs its advisory services is located at 3550 Lenox Road, Ne, Atlanta, GA 30326, which is also the mailing address of the firm. An additional office of the firm is in Alpharetta, GA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 404-264-1400 or by fax 404-237-5114. The normal business hours are m-f 8:30 - 5:00 on Monday - Friday. You can find more information about the New York firm at homrich-berg.com.