{"id":279006,"date":"2025-11-12T03:23:32","date_gmt":"2025-11-12T03:23:32","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/279006\/"},"modified":"2025-11-12T03:23:32","modified_gmt":"2025-11-12T03:23:32","slug":"hb-wealth-lifts-out-15b-team-from-j-p-morgan","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/279006\/","title":{"rendered":"HB Wealth Lifts Out $15B Team From J.P. Morgan"},"content":{"rendered":"

HB Wealth, an Atlanta-based RIA integrator with $29 billion in assets, has lifted a five-person team managing nearly $15 billion in assets from J.P. Morgan. As a result, HB, which rebranded from Homrich Berg in August<\/a>, will open an office in Charlotte, N.C., where the team is located.\u00a0<\/p>\n

HB Wealth CEO Thomas Carroll said one of the RIA firm\u2019s top strategic initiatives is to grow its presence in the Southeast.\u00a0<\/p>\n

\u201cWe had this gap in our geography between the Georgia marketplace and Maryland, and the Carolinas are right in the middle of that,\u201d Carroll said. \u201cWe\u2019re happy to find this team that was looking to do something smaller, a little more entrepreneurial, and an organization that focused on wealth management, and that\u2019s all they did.\u201d<\/p>\n

The team is led by Matthew Moore, Andrea Smith and Rebecca Warner, who join HB as senior wealth advisors and shareholders. They\u2019re joined by Jared Green, advisory associate, and Ana Pena, senior administrative associate.<\/p>\n

Carroll said there are five major metropolitan areas in the Carolinas, and this team has clients across all those submarkets.\u00a0<\/p>\n

\u201cCharlotte\u2019s thriving financial community and growing population make it a natural next step for our firm, and establishing a presence here allows us to better serve one of the Southeast\u2019s most dynamic markets,\u201d he said in a statement.\u00a0<\/p>\n

Related:Lido Deals for $1.2B Bicoastal RIA<\/a><\/p>\n

The firm recently rebranded<\/a> to unite its offices under one name. The original Homrich Berg name came from the firm\u2019s founding in 1989 by Andy Berg and David Homrich to work with families, individuals and not-for-profit organizations. Berg is still a chairman and shareholder at the firm after stepping down from the CEO position<\/a> at the beginning of 2024. Homrich left in 2001 to join Home Depot founder Arthur Blank in forming a family office.<\/p>\n

In July, the firm launched an equity participation program<\/a> for non-shareholder employees and new hires. Employees who participate in the program will benefit from any liquidity event or recapitalization. TPG Growth and New Mountain Capital, the RIA\u2019s minority investors, supported the initiative.\u00a0<\/p>\n

In December 2024, HB Wealth made its largest acquisition with WMS Partners<\/a>, a multi-family office and RIA based in Towson, Md. The firm merged with HB\u2019s family office.<\/p>\n","protected":false},"excerpt":{"rendered":"HB Wealth, an Atlanta-based RIA integrator with $29 billion in assets, has lifted a five-person team managing nearly…\n","protected":false},"author":2,"featured_media":279007,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,63,99,186,184,185],"class_list":{"0":"post-279006","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-finance","12":"tag-personal-finance","13":"tag-personalfinance"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/279006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=279006"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/279006\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/279007"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=279006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=279006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=279006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}