Homrich Berg expands Southeast Presence

August 1, 2023
A picturesque cityscape at sunset with tall buildings, a bridge, and a waterfront. The sky is a gradient of orange and blue, and trees line the riverbank. Boats are docked in the water, reflecting the city lights.

ATLANTA–(BUSINESS WIRE)–Homrich Berg (HB) is pleased to announce its expanded presence in the Southeast with the addition of Calvary Wealth, a $145 million RIA based in Augusta, GA and Columbia, SC. The deal, which closed yesterday, resulted in HB’s assets under management reaching nearly $14 billion. Homrich Berg also recently opened an office in Nashville, TN, and the firm continues to have conversations with other advisors and firms across the region as it pursues talented professionals whose beliefs align with the firm’s independent, fee-only, fiduciary full-service approach to wealth management.

Bill Cleveland, CFP®, CPA has joined the firm as Principal after leading Calvary Wealth for 19 years. Bill is no stranger to Homrich Berg, having worked at the firm early in his career before moving to Augusta to found Calvary Wealth in 2004. In an effort to continue to foster growth for his firm, Cleveland identified the need for greater resources to serve his client base which led him back to Homrich Berg. HB provides the internal resources, executive management, private investments, and technology platform to allow advisors who join the firm to focus on clients and offer them an enhanced client experience.
“We’re very fortunate to have Bill return to Homrich Berg via this merger,” stated Andy Berg, co-founder and CEO of Homrich Berg. “Bill did an outstanding job when he worked at HB and we stayed in touch over the years, knowing that we share common core values with the focus on serving our clients. We are also excited to continue to expand across the Southeast region.”
“Given my respect for the people I previously worked with and the culture at HB, I felt this combination ensured our clients’ experience will remain excellent while giving us a path for continued growth,” said Cleveland. “I am excited to return to HB where I learned so much at the beginning of my career. Through this partnership, we look forward to leveraging the expertise and strength of Homrich Berg to offer our clients enhanced services while continuing to guide them towards their financial goals.”

About Homrich Berg
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 $13.5 billion for more than 3,000 family relationships nationwide.

Read Bill’s bio here.

HB Wealth is a national independent wealth management firm providing fiduciary, fee-only wealth advisory services, investment management, and family office services, with a mission of bringing unwavering financial peace of mind to the clients we are privileged to serve. 

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The above is not a recommendation to purchase or sell a particular security and is not legal, investment or tax advice. Results are not guaranteed. All investing involves risk.

Past performance is not a guarantee of future results for any investment. Private alternative investments are not for every client. An individual must be qualified to invest in a private investment based on their net worth and/or other criteria, and they may qualify to invest in some alternative investments while not being allowed to invest in other alternative investments. Alternative investments are not risk-free and there is no guarantee of achieving attractive performance compared to similar liquid investments. Risks associated with investments in private alternatives include the illiquid nature of such investments, risks associated with leveraged investments, manager-specific risks, sector-specific risks, and in certain cases geographical risk, as well as the risk of loss of principal.