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Homrich Berg Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Homrich Berg is a financial advisory firm with a large team of on-staff advisors managing billions in client assets. Its headquarters are located in Atlanta, with three offices total in the metro area. Thomas Carroll is the firm's leader and president. It works with a fairly diverse array of clients, including individuals, retirement plans, businesses, investment funds and trusts.

Homrich Berg currently holds spots on SmartAsset's lists of the top financial advisors in Atlanta and top financial advisors in Georgia. It's a fee-only firm, so all of its compensation comes from the management fees that clients pay. This avoids the potential conflicts of interest found at a fee-based firm, which allows advisors to also earn 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. Aside from Berg, the rest of the firm’s ownership shares belong to a collection of around 20 advisory employees. 

There are many advisors employed by Homrich Berg, and the team’s list of advisory certifications is quite lengthy. Among them are certified financial planners (CFPs), chartered financial analysts (CFAs), certified public accountants (CPAs), chartered life underwriters (CLUs) and more.

Homrich Berg Types of Clients and Minimum Account Sizes

Homrich Berg works with over 2,000 clients, most of whom are 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 doesn’t typically impose a minimum account size. However, the firm may decide to charge a minimum annual fee of $10,000. 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, 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 different economic environments.

Liquidity is also a factor the firm looks at, particularly in the case of ETFs. Overall, Homrich Berg’s advisors will seek to devise an asset allocation of diversified investments that best aligns 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 on specific circumstances, investment management and financial planning services adhere to the fee schedule below. Generally speaking, the firm does not charge clients any additional fees for financial planning if they are also receiving investment management services.

Investment Management & Financial Planning Fees
Assets Under Management (AUM) Fee Percentage
First $1,000,000 1.25%
Next $4,000,000 1.00%
Next $5,000,000 0.75%
Over $10,000,000 0.50%

Here is the estimated dollar amount you'd pay in advisory fees based on the size of your account:

*Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount.
Estimated Investment Management Fees at Homrich Berg*
Your Assets Annual Fee Amount
$500K $6,250
$1MM $12,500
$5MM $50,000
$10MM $75,000

Homrich Berg Awards and Recognition

Homrich Berg has received many awards in recent years. They include the following: 

  • Barron's Top 100 Independent Wealth Advisors (2009-2019)
  • Financial Times Top 300 U.S. Registered Investment Advisors (2014-2020)
  • Financial Advisor Top 50 Registered Investment Advisors (2010-2020)
  • Forbes Top 250 Wealth Advisors Award (2018-2019)
  • InvestmentNews Top 50 Largest Fee-Only RIAs (2013-2019)

What to Watch Out For

Homrich Berg has no disclosures on its most recent Form ADV, meaning it has a clean legal and regulatory record.

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.

All information is accurate as of the writing of this article.

Tips for Choosing a Financial Advisor

  • Finding a qualified financial advisor doesn't have to be hard. SmartAsset’s free matching tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
  • When you’re making money on investments, it’s easy to forget about the taxes you’ll have to pay on your earnings. Use our capital gains tax calculator to see how much you’ll owe come tax time.

How Long $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 We weighed potential expenditures for a prospective retiree with a  $1 million nest egg to assess how many years that fund would cover in retirement in America’s largest cities.

We 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 metro areas across the U.S.

We assumed the $1 million would grow at a net annual return of 2% after inflation. 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.