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Homrich Berg Review

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Homrich Berg Wealth Management

Homrich Berg is a financial advisor firm with around 60 financial advisors managing $5.45 billion in client assets. Its headquarters are located in Atlanta, with three offices total in the metro area. The firm works with a fairly diverse array of clients, including individuals, retirement plans, businesses, investment funds and trusts.

Homrich Berg is a fee-only firm, so all of its compensation comes from the management fees that clients pay. This avoids the conflicts of interest found at a fee-based firm, which allows advisors to also earns compensation through commission-based transactions like insurance sales.

Homrich Berg Background

Homrich Berg opened in 1989 and its principal owner is founder and CEO Andrew Berg, who has worked in the financial services industry for more than 30 years. Outside of Berg, the rest of the firm’s ownership shares belong to a collection of around 20 advisory employees.

There are 59 advisors employed by Homrich Berg, and the team’s list of advisory certifications is quite lengthy. Among them are 38 certified financial planners (CFPs), nine chartered financial analysts (CFAs) and 14 certified public accountants (CPAs).

What Types of Clients Does Homrich Berg Accept?

Homrich Berg works with just over 2,000 clients, more than 1,800 of whom are a individuals (either with or without a high net worth). The firm also manages assets for investment companies, pooled investment vehicles, pension and profit-sharing plans, charitable organizations, government entities, businesses and trusts.

Homrich Berg Minimum Account Sizes

Homrich Berg doesn’t typically impose a minimum account size. However, the firm may decide to charge a minimum annual fee to accounts that are less than $500,000 in size. Note that this policy could make the firm’s services cost prohibitive for certain clients.

Services Offered by Homrich Berg

Homrich Berg specializes in wealth management services, which can include investment management, as well as financial planning and other advice. Here’s a more detailed breakdown:

  • Financial planning and consulting
    • Cash flow planning
    • Planning for retirement income needs
    • Wealth transfer and estate planning
    • Insurance planning
    • Income tax planning
  • Investment management
    • Portfolio construction
    • Third-party manager selection

Homrich Berg Investment Philosophy

Homrich Berg generally invests in a range of securities, including mutual funds, exchange-traded funds (ETFs), exchange-traded notes (ETNs), bonds, stocks, hedge funds, private equity funds, real estate funds and natural resources funds.

When analyzing potential investments for client portfolios, the firm will review a number of quantitative and qualitative factors. In the case of third-party investment managers or mutual funds, the firm will identify key decision makers and analyze their ability to invest and create value over time and in differing economic environments.

Liquidity is also a factor the firm looks at, particularly in the case of ETFs. Overall, Homrich Berg’s advisors will attempt to devise an asset allocation of diversified investments that best align with each client’s investment goals, time horizon and risk tolerance.

Fees Under Homrich Berg

For the most part, Homrich Berg charges fees as a percentage of each client’s assets under management (AUM). Although some clients may pay different fee rates depending upon specific circumstances, wealth management and financial planning services adhere to the fee schedule below:

Investment Management & Financial Planning Fees
Assets Under Management (AUM) Fee Percentage
First $5MM 1.00%
Next $5MM 0.75%
Over $10MM 0.50%

Generally speaking, the firm does not charge clients any additional fees for financial planning if they are also receiving investment management services.

Disclosures

Homrich Berg has no disclosures listed on its Form ADV, meaning it has a clean legal and regulatory record in the eyes of the U.S. Securities and Exchange Commission (SEC).

Opening an Account with Homrich Berg

To get in touch with Homrich Berg, you can call the firm at (404) 264-1400 or you can send an email to info@homrichberg.com. If you’d like, you can also head online and fill out the firm’s contact form with your name, email address, phone number and a short message.

Where Is Homrich Berg Located?

Homrich Berg has three offices in the Atlanta metro area. Its headquarters are located in Buckhead near where Lenox Road crosses T. Harvey Mathis Parkway. Additionally, the firm has an office in Alpharetta, Georgia near the North Point Mall and an office in Cobb County, near the intersection of I-75 and I-285.

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How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. This reflects the typical return on a conservative investment portfolio. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research