What Is A Family Office?

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As a wealthy family, the question of whether to have a “family office” will inevitably arise, whether from wealthy friends, advisors, articles about other wealthy families, networking groups, or all the above. You will also likely hear differing opinions about whether to establish a single-family office, utilize a multi-family office, or possibly explore ‘hybrid’ solutions somewhere in between. To help families best understand their options, over the coming weeks, we will be sharing our experiences in a series of short, practical segments outlining key considerations. Let’s start with the basics: What is a family office?

The Definition

Defining a family office can be approached in various ways, often resulting in an extensive list of services provided. We define a family office as a coordinated team of staff and advisors dedicated to managing the financial affairs of a complex or multi-generational wealthy family. As we will discuss in a future blog, this can be a dedicated staff working only for the family (a Single-Family Office or SFO), or it can be a group of professionals who work for more than one family (a Multi-Family Office or MFO).

Family Offices Are Not New

The idea of having a family office is not a recent concept. Some form of a “family office” likely existed back as early as the days of the Renaissance, where successful families, such as the Medici, surrounded themselves with advisors to help manage their family affairs across a wide range of business and philanthropic pursuits. The more recent American version of the family office concept emerged with the wealthy families of the late 1800s and 1900s when families like the Carnegies, Rockefellers, and Vanderbilts amassed great wealth that required a dedicated staff to help them manage their affairs across businesses, charitable giving, and multiple generations. 

A circle divided in half; the left side is tan with one family icon, the right side is burgundy with four family icons, representing a comparison or difference in family numbers.

Family Offices are Growing and Evolving

The creation of family offices and their scope has increased and widened over the past 50 years, as a wider set of families created wealth after World War II. Historically, the primary focus of a family office has always been financial – managing family investments, handling taxes, planning for future wealth transfer, coordinating philanthropy, and ensuring these matters are handled across generations. Over time the mandate of a family office has often broadened to incorporate more multi-generational efforts such as financial education, family governance, concierge lifestyle services, health and wellness, and other aspects of family life.

What Services Does a Family Office Provide?

As described above, the family office is focused primarily on managing and coordinating the “Financial Life” of the family across generations. This generally includes wealth forecasting, investment management, estate planning, charitable and tax planning, risk management, family education/governance, and concierge services.

Wealth forecasting involves long-term cash flow modeling applying various assumptions to project the implications of family planning decisions, investment allocations, and risk scenarios. The wealth forecast discussion serves as the foundation for numerous planning topics and offers families a continuous resource (i.e., a planning benchmark) to evaluate the near- and long-term impact of their decisions.

Investment management is often assumed to be the primary role of a family office, but in reality, it may or may not be the top priority each day. This includes setting an appropriate asset allocation for each family entity or family member, choosing the investment advisors or asset managers to implement the strategy, and providing consolidated reporting across all investment assets to the family.  The last part (reporting) is often a major task for some family offices, given the complex web of investment relationships and ownership structures families have built over time. Investment management also includes managing the inflows and outflows administratively for each investment, including handling capital calls, paperwork and other cash flow needs of the family.

A circular diagram titled Generational Family Financial Life with eight surrounding segments: Wealth Forecasting, Investment Management, Estate & Succession Planning, Charitable Planning, Tax Planning, Risk Management, Family Governance & Education, and Concierge Services.

Estate and succession planning involves working with the family to define their planning goals and help determine which tools and strategies will best help them achieve those goals. This often involves coordination across multiple tax, legal, and business specialists, and may involve utilizing both outside and in-house counsel for legal drafting and implementation. With constantly changing estate and business laws, families need to regularly revisit and update their plans, even if they believe their previous planning was thorough.

Charitable planning incorporates a wide range of options for philanthropic family efforts. This may include determining the right structure for giving directly or creating a pool of future charitable capital, deciding how to best optimize the tax benefits of potential gifts, or simply deciding how to prioritize what types of gifts to make and how to negotiate those gifts if they are significant.

Tax planning interacts with all facets of the family office work, as almost every decision made has potential tax implications now or in the future. Tax planning may include in-house preparation of tax returns or may involve the use of an outside CPA. Both approaches involve managing the yearly schedule and processes of tax compliance and strategically planning to reduce taxes over time.

Risk management addresses personal and property risks to protect the family based on their specific situation and assets. This can be as simple as ensuring appropriate and efficient property and casualty coverages across family holdings, or as complex as designing and maintaining sophisticated multi-family business buy-sell or wealth transfer life insurance agreements. Risk management has recently evolved to also include engaging specialty cybersecurity or even personal security firms to help address unique risks faced by the family.

Family governance and family education are broad and highly personal topics that will mean different things for different families. In some instances, this may address family business succession matters and managing a family business over multiple generations.  In other cases, it may be focused on when to start sharing financial information with the next generation and how to ensure that they are informed financial stewards of that future wealth.

Concierge services can be as high level as recommending a good bookkeeper or travel advisor, or as granular as actually paying the family bills and booking their vacations!  Concierge services are unique to each family’s needs, and some families seek to outsource more of these services to their family office than others.

What About Actual Tax and Legal Work?

As noted above, some family offices manage tax compliance (filing returns), entity accounting, and legal document preparation (estate, entity, etc.) via full-time employees who are attorneys and CPAs. This is an area typically included within the scope of the largest single-family offices. However, many family offices, even those structured as single-family offices, often outsource some or all of this function rather than managing it in-house.

What About Managing Houses and People and Paying the Bills?

Some people believe that if you are not managing the houses (or house staff), airplanes (or pilots), paying the bills, or managing other day-to-day events, then you are not truly operating a family office. This is truly a gray area and unique to each family. While some family offices transition from a CFO (or financially focused) role into a COO (or operations-focused) role, others do not. As the cliché goes, if you have seen one family office then you have seen….one family office.

The Bottom Line—A Family Office Ultimately Has to Fit Your Needs

Back to that cliché about every family office being unique – it really is true that the definition of a family office is what you want it to be. There is no formal certification to define what cluster of services qualifies as a “real family office.” The determination of what operational, professional, and personal services should be provided by your family office is ultimately up to you.

To learn more about a family office, please visit us at https://hbwealth.com/resources/understanding-family-offices/, send an email to info@hbwealth.com, or call 404.264.1400.

Download this article.

Important Disclosures

This article may not be copied, reproduced, or distributed without Homrich Berg’s prior written consent.

All information is as of the date above unless otherwise disclosed. The information is provided for informational purposes only and should not be considered a recommendation to purchase or sell any financial instrument, product, or service sponsored by Homrich Berg or its affiliates or agents. The information does not represent legal, tax, accounting, or investment advice; recipients should consult their respective advisors regarding such matters. This material may not be suitable for all investors. Neither Homrich Berg nor any affiliates make any representation or warranty as to the accuracy or merit of this analysis for individual use. Information contained herein has been obtained from sources believed to be reliable but are not guaranteed. Investors are advised to consult with their investment professional about their specific financial needs and goals before making any investment decision.

©2025 Homrich Berg.

Financial Spring Cleaning: Tidy Up and Take Control

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As flowers bloom and warmer weather rolls in, many of us turn our attention to spring cleaning—clearing out the yard, organizing closets, and opening windows to let in fresh air. But what about your financial life? Spring is the perfect time to tidy up more than just your home.

If you’ve already filed your taxes—or are just about to—consider this your cue to do a little financial housekeeping. Here’s a simple checklist to help you get organized, refocus on your goals, and make sure you’re on the right track for the rest of the year.

Your Spring Financial Cleaning Checklist:

  • Archive Your Tax Documents
    Gather all tax return materials, scan important records, save digital copies to a secure drive, and file paper versions in a clearly labeled envelope or box. Store them with prior years’ records for easy access.
  • Declutter Paperwork
    Sort lingering documents into two piles: Scan and Shred. Then digitize what you need to keep and securely dispose of the rest.

Homrich Berg clients: Our Buckhead annual shred day is coming up—keep an eye on your email or reach out to your advisor for event details. We will also have an Alpharetta shred day later in the year.

  • Reconcile Accounts
    If you’ve fallen behind on tracking your bank or credit card transactions, now is a good time to catch up.
  • Update Your Net Worth Statement
    Whether you’re using a spreadsheet, Quicken, or Mint, take a moment to make sure your information is current. Add new assets or liabilities, and remove outdated ones.
  • Review Your Progress
    Is your net worth trending in the right direction? If you track this each year, are you happy with your trajectory? If not, what changes can you make to get back on course?
  • Evaluate Debt and Savings Strategy
    • Do you have a plan in place to reduce liabilities?
    • Are you consistently saving at least 10% toward long-term goals (your “freedom fund for the future”) and 10% toward short-term security (your “freedom fund for today”)?

Spring is a natural time to pause, reflect, and refresh. While “financial cleaning” may not be as satisfying as scrubbing a floor, it can bring peace of mind and renewed motivation for the year ahead. Take this opportunity to realign with your goals—and celebrate the progress you’ve already made.

It may also be a good time to review all your insurance. For a refresher on who needs what and how much, join my free Financial Foundations webinar, Insurance Basics, on April 22nd at 12:00 p.m. EST. Click here for more information and to register.

To learn more or get help planning your financial goals, please email me at gildea@homrichberg.com.

Download this article.

Important Disclosures

This article may not be copied, reproduced, or distributed without Homrich Berg’s prior written consent.

All information is as of date above unless otherwise disclosed.  The information is provided for informational purposes only and should not be considered a recommendation to purchase or sell any financial instrument, product or service sponsored by Homrich Berg or its affiliates or agents. The information does not represent legal, tax, accounting, or investment advice; recipients should consult their respective advisors regarding such matters. This material may not be suitable for all investors. Neither Homrich Berg, nor any affiliates, make any representation or warranty as to the accuracy or merit of this analysis for individual use. Information contained herein has been obtained from sources believed to be reliable but are not guaranteed. Investors are advised to consult with their investment professional about their specific financial needs and goals before making any investment decision.

©2025 Homrich Berg.

What’s Next For The C-Suite Leader-Leaving a Lasting Legacy

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“You don’t retire from being a leader—you evolve into a different kind of one.”

For many C-Suite leaders, the company isn’t just a job or an asset—it’s a reflection of who they are. It’s the product of years of risk-taking, long nights, and personal sacrifice.

So, what happens when it’s time to step back?

Succession plans may transition the company to the next generation of leaders, but they don’t address the real emotional challenge: How do you transition from your role as CEO or C-Suite Executive without losing your sense of identity?

We believe that the most successful leaders don’t let go of their purpose; they redefine it. Here’s how.

From the C-Suite to Legacy Leader: A New Chapter in Leadership

Stepping away from the daily operations of a business doesn’t mean stepping away from leadership. In fact, the most respected business founders become advisors, mentors, and legacy-builders long after they hand over the reins.

What does a legacy leader role look like?

  • Providing guidance without micromanaging
  • Acting as a stabilizing force in times of change
  • Using wisdom and networks to open doors for the next generation

Example: After leading PepsiCo for over a decade, Indra Nooyi transitioned into an advisory role, mentoring young leaders and advising on the company’s strategic vision. She also wrote “My Life in Full,” sharing her leadership journey to inspire the next generation.

Your move: Consider what role excites you in this next chapter—advisor, mentor, board member, or even a thought leader in your industry.

Separating Business from Self-Worth: You Are More Than Your Company

For decades, your title, decisions, and successes have been central to your identity. So, when that structure shifts, it can feel unsettling.

Many business owners struggle with questions like:

  • “Without my company, who am I?”
  • “Where will I find purpose outside of work?”
  • “How do I stay relevant in my industry?”

Reframing Your Purpose

  • Look at Your Legacy Holistically: Your impact is bigger than the business—it’s the relationships you’ve built, the people you’ve mentored, and the values you’ve instilled.
  • Find New Challenges: Many entrepreneurs find fulfillment in philanthropy, angel investing, or coaching future leaders.
  • Revisit Personal Passions: Hobbies, travel, and creative pursuits often take a backseat during years of intense business-building. This is the time to rediscover them.

Example: Some founders transition into teaching, serving on nonprofit boards, or writing books to share their insights. Their influence grows beyond the business itself.

Your move: Make a list of five things you’ve always wanted to do but never had time for. Now’s your chance.

The Role of Mentorship: Staying Engaged Without Holding on Too Tightly

One of the biggest challenges in succession planning isn’t the logistics—it’s the leader’s ability to step back without hovering.

It’s a delicate balance:

Too involved → The successor feels micromanaged and lacks confidence.
Too absent → The team loses institutional knowledge and wisdom.

How to Mentor Without Managing

  • Set clear boundaries—offer advice but let them make decisions.
  • Be a sounding board, not a problem-solver.
  • Trust that mistakes are part of leadership growth—you made them too.

Example: Some executives create structured mentorship roles where they meet with successors periodically instead of staying involved in daily operations. This allows for continuity without overreach.

Your move: Ask yourself—what kind of mentor do you want to be? The guide in the background or the coach on the sidelines? Define your new leadership role intentionally.

Final Thought: The Best Leaders Leave a Legacy

Your legacy-oriented leaders, their role as an executive was never just about business success, it was about creating something lasting.

Ask yourself:

  • What impact do I want to have beyond the company?
  • How can I share my wisdom in a way that outlives my tenure?
  • Who do I want to help grow into the next great leader?

True leadership doesn’t end when you step back, it evolves into something even more meaningful.

Because a legacy isn’t just what you leave behind; it’s what you set in motion.

To learn more or get help with your life experiences, please call 404.264.1400 or email us at info@hbwealth.com.

Download this article.

Important Disclosures

This article may not be copied, reproduced, or distributed without Homrich Berg’s prior written consent.

All information is as of date above unless otherwise disclosed.  The information is provided for informational purposes only and should not be considered a recommendation to purchase or sell any financial instrument, product or service sponsored by Homrich Berg or its affiliates or agents. The information does not represent legal, tax, accounting, or investment advice; recipients should consult their respective advisors regarding such matters. This material may not be suitable for all investors. Neither Homrich Berg, nor any affiliates, make any representation or warranty as to the accuracy or merit of this analysis for individual use. Information contained herein has been obtained from sources believed to be reliable but are not guaranteed. Investors are advised to consult with their investment professional about their specific financial needs and goals before making any investment decision.

©2025 Homrich Berg.

New Year Resolution #3: Balancing Children and Aging Parents as a Single Parent in the Sandwich Generation

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Navigating life as a single parent can be a significant challenge on its own, but when combined with the responsibilities of caring for aging parents, it can feel overwhelming. The “sandwich generation”—those simultaneously supporting both their children and their parents—often find themselves stretched thin both financially and emotionally. Here are practical tips to help single parents in this situation manage their roles effectively while maintaining their well-being.

Create a Realistic Plan and Protect Your Financial Future

    Start by evaluating your time, finances, and energy. Draft a plan that prioritizes essential tasks for both your children and parents.

    • Time Management: Use digital tools like shared calendars to track school events, medical appointments, and caregiving tasks. Burnout is a real risk for sandwich generation caregivers. Build in time for self-care, whether that be a 15-minute walk for fresh air, a yoga class, or even a bubble bath after the children have gone to bed. One client told me that she maintained her sanity by journaling to manage stress. Another told me that weekly conversations with her college roommate, who is now living across the country, provided an opportunity to put her mind in a different place for just a few minutes.
    • Financial Planning: Develop a spending plan that includes childcare, eldercare, and emergency funds. During annual reviews with clients, we evaluate the prior year’s spending as we set goals for the upcoming year.  It is important to set aside funds for your retirement so that you are not a burden to your children in your later years. Assess your insurance policies and work with your parents to create or update important documents, including wills, powers of attorney, and medical directives.

    Build a Support Network

      No one should carry these responsibilities alone. Reach out for help and build a support system. You are likely surrounded by friends, neighbors, and co-workers navigating similar struggles and challenges.

      • Family and Friends: Delegate tasks such as transportation for children or errands for parents. Sharing the load (whether physically or financially) with siblings can make it a bit less stressful. Develop a policy of open and honest communication to set boundaries and manage expectations. If possible, find ways to include your parents in decisions about their care.
      • Community Resources: Explore local programs that offer respite care, meal delivery, or support groups for caregivers. In addition to offering a safe space to discuss challenges you are facing, a local non-profit may offer educational programs around dementia or resources to help you navigate feelings of sadness, etc.
      • Professional Help: Research in-home care options and/or the services of a counselor or life coach to help you navigate this uncertain new reality. Skilled care may be covered by Medicare. AARP, Adult Children of Aging Parents, and the Family Caregiver Alliance are a few resources to consult.

      Encourage Independence

        Fostering independence in both children and parents can alleviate some pressure. It may help to teach age-appropriate tasks to children, like doing the laundry or preparing simple meals. Your aging parents may be able to stay self-sufficient by setting up automated bill payments, organizing their medications, or exploring senior-friendly technologies.

        Conclusion

        By implementing these strategies, single parents in the sandwich generation will be better equipped to manage their dual caregiving roles. Seeking help and planning ahead are signs of strength and can be empowering. It is equally important to realize that situations can change rapidly, so be ready to change course and adapt. This may require adjusting plans, reorganizing schedules, reallocating resources, and shifting priorities. At the end of each day, remind yourself that balancing these responsibilities is no small feat, but you have the right tools and support, and you can not only survive…YOU CAN THRIVE!

        To learn more or get help with your finances, please visit us at homrichberg.com, send an email to info@hbwealth.com, or call 404.264.1400.

        Download this article.

        Important Disclosures

        This article may not be copied, reproduced, or distributed without Homrich Berg’s prior written consent.

        All information is as of the date above unless otherwise disclosed. The information is provided for informational purposes only and should not be considered a recommendation to purchase or sell any financial instrument, product, or service sponsored by Homrich Berg or its affiliates or agents. The information does not represent legal, tax, accounting, or investment advice; recipients should consult their respective advisors regarding such matters. This material may not be suitable for all investors. Neither Homrich Berg nor any affiliates make any representation or warranty as to the accuracy or merit of this analysis for individual use. Information contained herein has been obtained from sources believed to be reliable but are not guaranteed. Investors are advised to consult with their investment professional about their specific financial needs and goals before making any investment decision.

        ©2025 Homrich Berg.

        Why Comparing Yourself Financially Doesn’t Add Up

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        I hear it all the time: “I know I’m behind in my savings,” or “I’m not where I should be financially.” Sound familiar? These feelings of comparison are incredibly common, fueled by societal norms and social media, which amplify the idea that there’s an invisible scoreboard tracking our lives.

        It’s not just about finances, either. From career milestones to lifestyle achievements, we are bombarded with messages that others are smarter, richer, or living more fulfilling lives. This constant comparison can leave us feeling like we’re falling short in some way. Personally, I’ve felt it too—and in a business focused on managing wealth, it’s easy to feel inadequate.

        The Trap of Comparison

        Sure, some people do have significant wealth, whether through frugality, smart investments, or fortunate circumstances like stock options or inheritance. Yet, the reality of their lives often includes challenges we don’t see. Social media tends to highlight only the glamorous snippets, leaving us with an incomplete—and often idealized—view of their situations.

        My mom used to tell me: “Quit looking up the street at everything others have; look down the street and see how little others have.” That’s wise advice, but perhaps an even better approach is to stop looking at the street entirely. Instead, focus inward, finding contentment in where you are while striving for your own goals.

        Why Your Journey is Unique

        Here’s the truth: You are where you are—uniquely. No one else on the planet has faced your challenges, seized your opportunities, or overcome your struggles. So how can you possibly compare yourself to someone else? Your financial journey is yours alone, and there is no “behind” or “ahead”—there’s only your path.

        Practical Steps to Shift Your Perspective

        Instead of dwelling on what others have, take these actionable steps to reframe your mindset and focus on your own growth:

        • Take Stock of Your Finances: Write down your assets and liabilities to calculate your net worth. Date it and set a reminder to update it in 2–3 months. Progress starts with knowing where you stand.
        • Practice Gratitude: Look at all you’ve accumulated—your home, investments, or even sentimental belongings. Gratitude opens your mind to abundance, while comparison and jealousy close you off.
        • Reflect on Your Growth: Think about your situation 5 or 10 years ago. What lessons have you learned? If your financial situation hasn’t improved, use that as a cue to take action.
        • Set Small, Actionable Goals: Focus on one small change you’d like to make. Write it down, break it into steps, and take the first step today. Momentum builds with small, consistent efforts.
        • Focus on Positive Actions: Instead of obsessing over outcomes, celebrate the small wins. Results take time, but every positive action moves you closer to your goals.
        • Reframe Negative Language: Track the words you use about money for a day. Replace any negative comments with more positive and abundant language. For example, instead of saying, “I’ll never save enough,” try, “I’m creating a plan to build my savings.”
        • Embrace Your Hero’s Journey: Setbacks and mistakes are part of the process. View them as lessons rather than failures, and adjust your actions accordingly.

        Celebrate Your Progress

        Your journey is uniquely yours, and there’s no race or finish line. Take a moment to bask in how far you’ve come and dream about where you want to go. Even during tough times, there’s always something to be grateful for and a small step you can take toward your ideal future.

        As Nelson Mandela once said, “I either win or I learn.” Every action that moves you forward is a win. Celebrate it and remember: the only person you need to compare yourself to is the version of you from yesterday.

        To learn more or get help planning your financial goals, please email me at gildea@homrichberg.com.

        Download this article.

        Important Disclosures

        This article may not be copied, reproduced, or distributed without Homrich Berg’s prior written consent.

        All information is as of date above unless otherwise disclosed.  The information is provided for informational purposes only and should not be considered a recommendation to purchase or sell any financial instrument, product or service sponsored by Homrich Berg or its affiliates or agents. The information does not represent legal, tax, accounting, or investment advice; recipients should consult their respective advisors regarding such matters. This material may not be suitable for all investors. Neither Homrich Berg, nor any affiliates, make any representation or warranty as to the accuracy or merit of this analysis for individual use. Information contained herein has been obtained from sources believed to be reliable but are not guaranteed. Investors are advised to consult with their investment professional about their specific financial needs and goals before making any investment decision.

        ©2025 Homrich Berg.

        HB Economic & Investment Outlook – Q1 2025

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        In this video, Principal Ross Bramwell gives our current commentary on the markets and the economy. Here are some key economic and investment themes that are covered:

        • Markets are waiting for clarity on tariff policy; uncertainty is the market’s enemy
        • Markets are more worried about a slowdown in growth due to tariffs than inflation
        • The Fed will stay paused on rate cuts given the economic backdrop
        • Consumers remain resilient due to the labor market despite cautionary reports
        • A lot of good news was priced into stocks; broadening of earnings needs to continue
        • Geopolitical risks have declined, but are replaced by economic trade wars
        • Overall positioning – We see lower recession risk but monitoring elevated valuations and potential tariff impact on economic growth

        Watch here: https://www.youtube.com/watch?v=xCZsrtO3Htc

        New Year Resolution #2: Creating An Estate Plan

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        Several of my newly single ladies have asked, “What will happen to my children if I die tomorrow?” The concern is real…for the young widow, deciding on a guardian can feel overwhelming. For others, the wonder may revolve around finances, “Are my children old enough to make sound financial decisions?” Others are eager to finally feel the reins of control in their hands as they deliberate between various charities that might not have been a priority for their spouse. Regardless of the situation, estate planning is important for everyone, but it takes on even greater significance for single parents. Your primary goal should be to ensure that your children are cared for both financially and emotionally, despite not knowing what the future holds. By taking proactive steps, you can provide peace of mind and security for yourself and your family. Below are a few items to help you get started:

        Name a Guardian for Your Children

        Perhaps the most important aspect of estate planning for single parents is designating a guardian for your minor children. This person will step in to care for them if you cannot. It is critically important to discuss your decision with the chosen individual to confirm that they are both willing and prepared to take on this responsibility. It is common to stipulate instructions regarding your desires for their care and upbringing.

          Create a Will and Update Beneficiary Designations

          Your will is the foundation of your estate plan. This legal document not only names a guardian for your children but also outlines how certain assets will be distributed. Without a will, the court would make decisions on your behalf, which may not align with your wishes. One important caveat is that retirement assets and life insurance policies pass via beneficiary designation as opposed to under the instructions in a will. Thus, it is critical to review these as life evolves and your circumstances change. Since these designations override your will, it is essential to ensure that they reflect your current wishes. How uncomfortable would it be to find out after remarrying that an ex-spouse was still named as the beneficiary of a large retirement plan?

          Consider Whether a Trust is Appropriate

          In some cases, it may be appropriate to use trusts to protect your children’s financial future. These vehicles allow you to establish conditions for how and when assets are distributed, such as to fund education or an automobile purchase. It is important to note that an additional step with these vehicles would be to name someone you trust to oversee and approve requested withdrawals. As such, these folks are called “trustees.”

          Plan for Disability or Incapacity

          Estate planning encompasses more than stipulating what happens after death. The process also provides you with the opportunity to create additional documents to manage your affairs if you become incapacitated including:

          • Durable Power of Attorney: this document grants another person the authority to manage your finances and legal matters. Most commonly this authorization becomes effective when a doctor deems a patient unable to effectively pay bills, etc.
          • Healthcare Proxy and Living Will: this document is sometimes called a medical directive as it appoints a trusted individual to make medical decisions for you and outlines your preferences for medical care. In addition, this document stipulates whether you want to receive life-prolonging measures if you are in a coma. While there have been many instances of gifts clients have given to their adult children, this is by far one of the most appreciated as it leaves little room to wonder, “What would mom want me to do?”

          Secure Life Insurance

          For many, life insurance is a cornerstone of financial security for single parents. It provides the necessary funds for your children’s care, including housing, education, and daily living expenses, should something happen to you. Our advisors calculate an appropriate amount of coverage based on client needs and make an introduction to an agent to secure the appropriate type of policy. For many, term policies are the most affordable way to provide the needed coverage for a specific period of time, such as during your working years.

          Final Thoughts

          It is important to store your will, trust, and other critical documents in a safe, accessible place, share the location with your chosen executor or trustee, and provide copies to key individuals, including your financial advisor. Life changes, such as a new job, relationship status, or changes in your children’s needs, may require updates to your estate plan. Review your documents annually or after significant life events to ensure everything remains current. Finally, you will want to discuss your intentions and plans with your chosen guardians, trustees, and any other individuals who will be involved with your estate. Clear communication can prevent misunderstandings and help everyone prepare for their roles.

          Above all, as a single parent, creating an estate plan empowers you to make important decisions for your children’s future. While it can at first feel overwhelming, following the steps above (with guidance from an estate planning attorney and your financial advisor) can make it more likely that your wishes will be honored. Ultimately by planning today, you are creating a legacy of love, care, and security for the ones who matter most. The beauty of this process is that it can be replicated as life evolves and priorities change.

          To learn more or get help with your finances, please visit us at homrichberg.com, send an email to info@hbwealth.com, or call 404.264.1400.

          Download this article.

          Important Disclosures

          This article may not be copied, reproduced, or distributed without Homrich Berg’s prior written consent.

          All information is as of the date above unless otherwise disclosed. The information is provided for informational purposes only and should not be considered a recommendation to purchase or sell any financial instrument, product, or service sponsored by Homrich Berg or its affiliates or agents. The information does not represent legal, tax, accounting, or investment advice; recipients should consult their respective advisors regarding such matters. This material may not be suitable for all investors. Neither Homrich Berg nor any affiliates make any representation or warranty as to the accuracy or merit of this analysis for individual use. Information contained herein has been obtained from sources believed to be reliable but are not guaranteed. Investors are advised to consult with their investment professional about their specific financial needs and goals before making any investment decision.

          ©2025 Homrich Berg.

          Making The Most Of Your Year-End Bonus: Strategies For Long-Term Financial Growth

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          Although most of us are in the process of setting new work goals for 2025 and looking at the challenges and opportunities the new year may bring, it’s also a time when past performance is reviewed, often resulting in a well-earned bonus. This annual reward is often in the form of a substantial year-end bonus and means important decisions must be made.

          For those who receive a large cash bonus, there are many opportunities and options on how to spend or invest that money. Each of those options and the potential benefits will be based on the specific objectives and circumstances of the person or family. These would include whether you are a young professional, are planning for kids’ or grandkids’ college expenses, or are closer to retirement. A financial advisor can help families determine the best path forward for each scenario.

          Now, after a hard-earned bonus is received, it is, of course, natural and right to enjoy a piece of that bonus and spend it on a vacation or a new toy for yourself or your family. Beyond that, there are the traditional options that can be considered:

          • Pay down your high-interest debt.
          • Boost contributions to your 401(k) or Health Savings Account (HSA) for tax-advantaged growth.
          • Max out contributions to a 529 plan. Depending on where you claim residency, your state may offer a state tax deduction for 529 plan contributions.
          • Establish and contribute to an IRA. In addition to 401(k) contributions, you can also contribute to a Roth IRA if your income is below certain limits ($161k for single filers and $230k for married filing jointly). Alternatively, you may be able to deduct a contribution to a traditional IRA although the income limits are generally lower and dependent on whether you or your spouse is eligible to participate in an employer plan.
          • Make a charitable stock donation to your preferred charity with stocks that have embedded gains. You will receive a tax break for your donated securities. Contributing appreciated stock and using your bonus cash to re-buy the stock at a higher basis resets basis on future capital gains, reducing your taxes in the future.
          • Review your insurance coverage, including disability or umbrella liability policies.
          • Replenish your emergency savings.
          • Invest in stocks and bonds.

          For the last one, given that the stock market has been hitting new highs in recent months, investing at market highs can feel daunting, but there are strategies to navigate this uncertainty while growing your wealth. Not only that, but stocks are also broadly considered “expensive” today. However, this should not deter you from investing in your future and ensuring that today’s bonus is working for you over the years to come. There are ways to increase your exposure to the stock market, even in today’s backdrop, without just closing your eyes and feeling like you are blindly buying the market. Three options are:

          • Structured notes are designed to meet specific objectives, such as growth, income, or risk management. They do so by combining a traditional security, like a bond, with a derivative component, linked to a stock index in our example. A structured note does not hold an actual underlying portfolio of investments like a mutual fund, or an exchange-traded fund (ETF) does. Instead, the issuer of the note promises to pay a return based on a formula that incorporates the performance of one or more underlying stock indexes. As an example, if we wanted to invest in the S&P 500, we would create a structured note that tracks the performance of the S&P 500 over a predetermined time period. We use these notes to help clients enter the market, or to add risk to their portfolios over time. Investors can also determine the level of risk they want to try to mitigate through either fully principal-protected notes or notes that have a buffer.
            • Fully principal-protected notes (PPNs) have a structure that offers a full return of principal at maturity, regardless of how the underlying assets perform. If the underlying stock index had a negative return over the specific period, an investor is made whole upon maturity.
            • Buffer notes typically provide protection such that if the buffer level is breached, an investor’s potential principal loss is restricted to the extent of losses more than the buffer. For example, if a note has a buffer of 10% and the underlying index declines 5%, the investor receives full principal back; however, if the reference declines 30% percent, the investor loses 20%.
          • Direct indexing is a strategy that looks to replicate a stock index, like the S&P 500 or Russell 3000, through ownership of individual stocks. The strategy involves selling positions that are down to recognize the losses and using those losses to offset capital gains from other positions. This strategy may help reduce your tax bill. Direct indexing strategies can offer systemic solutions to harvest tax losses automatically and opportunistically throughout the year. The portfolio should track the broader index over time but allow for the potential deferral of taxes. This way, if you invest and the market takes a sudden downturn, you have the potential benefit of tax losses in your portfolio to use going forward.
          • Dollar-cost averaging (DCA) is the simplest method to invest in the market over time and is a strategy that can make it easier to deal with uncertain markets by making scheduled purchases. DCA involves investing a specific amount over regular, pre-determined time periods. For example, you could invest one-fourth of your bonus and then another one-fourth over the next 90 days, invest at the 30, 60, and 90-day mark. However, we know markets tend to go up over time, so historically this is not the best method to invest. To improve outcomes, you may want to invest 100% in less volatile asset classes such as bonds or hedge funds and limit your DCA to stocks. Also, if stocks do drop, say, 5-10%, it may be worthwhile moving up your purchases to take advantage of a drop.

          The potential benefits and risks of each strategy will differ based on individual circumstances. To learn more or get help with your finances, please visit us at homrichberg.com, send an email to info@hbwealth.com, or call 404.264.1400.

          Download this article.

          Important Disclosures

          This article may not be copied, reproduced, or distributed without Homrich Berg’s prior written consent.
          All information is as of the date above unless otherwise disclosed. The information is provided for informational purposes only and should not be considered a recommendation to purchase or sell any financial instrument, product, or service sponsored by Homrich Berg or its affiliates or agents. The information does not represent legal, tax, accounting, or investment advice; recipients should consult their respective advisors regarding such matters. This material may not be suitable for all investors. Neither Homrich Berg, nor any affiliates, make any representation or warranty as to the accuracy or merit of this analysis for individual use. Information contained herein has been obtained from sources believed to be reliable but are not guaranteed. Investors are advised to consult with their investment professional about their specific financial needs and goals before making any investment decision.

          ©2025 Homrich Berg.

          The New Year And Your Money Story

          by

          The New Year is a time filled with anticipation, expectation, and possibility. Most of us see the promise of a better self, situation, or future. We look to shake off the baggage of the old and start fresh. But as much as you may want to put last year into your rear-view mirror, your money story is in the driver’s seat with you.

          Reflecting on Your Current Money Story

          January is already behind us, so today is the day to evaluate how your money story works for you and consider if you are on a path to a better self, situation, or future by the end of 2025.

          What money story are you bringing into the New Year?

          • Abundance or scarcity?
          • Ease or struggle?
          • Fear or delight?
          • Shame or confidence?
          • Debt or security?

          Stop and think about your relationship with money; we all have one, whether we acknowledge it or not. That relationship brings up feelings, whether we like to confront them or not.

          Understanding Your Financial Backstory

          Money isn’t a subject most want to discuss, especially when it relates to personal mistakes or feelings of inadequacy. But during this time of possibility, it’s the perfect moment to write the plot of the story you want to live. Envision the happy, ecstatic, abundant ending you desire, and start taking baby steps to get there.

          When writing (or reading) a story, you need to know where the character starts. As the author of your money story, you must understand:

          • What happened in your financial past
          • Struggles you’ve faced
          • Lessons learned from mistakes and missteps

          You can’t achieve your desired ending without acknowledging everything that came before.

          Recognizing Financial Patterns and Beliefs

          As kids, we pick up messages about money without fully understanding them:

          • We sensed if money caused tension between our parents.
          • We noticed if it seemed hard or easy to obtain.
          • We learned unspoken rules about what “people like us” could expect financially.

          These emotional memories stick with us into adulthood, even as our understanding of money evolves. We may still feel shame or fear around past financial mistakes, leading to behaviors like avoiding financial decisions, delegating them to a partner, or labeling ourselves as “just not good with money.”

          Charting a New Financial Path

          What money emotions and labels are you bringing with you into the New Year?

          If your feelings about money, your ability to earn, manage, save, and grow it, are not positive and confident, it’s time to:

          • Probe the emotions around money.
          • Delve into your money past to uncover the roots of your perceptions and philosophies.
          • See your younger self with compassion, using lessons learned as fuel for growth.

          Understanding the source of your emotions is key to reframing them. For example, feeling anxious about money because of childhood experiences doesn’t mean that anxiety has to define your financial mindset as an adult.

          Setting Intentions for Financial Growth

          As you reflect on your emotions around money, ask yourself:

          • How do I want to feel about money and my abilities to earn, manage, and accumulate it?
            • Confident
            • Secure
            • Hopeful
            • Proud

          If that’s not how you feel now, consider: How can you write your own plotline to lead you from where you are now to your own happy, ecstatic, abundant ending?

          It’s a new year, full of new possibilities. You get to choose how it ends. Write your story, line by line, step by step, chapter by chapter, as you overcome fears and doubts to create the life you want. Acquire the knowledge and skills needed to feel competent with your financial decisions.

          Let’s meet here next year feeling more confident, more secure, more hopeful, and prouder of our own money stories and the progress we’ve made.

          If “feeling more competent and empowered” is part of how you want to feel this year, join me for my free 60-minute webinar, Let’s Talk Taxes, on February 18th at 12:00 p.m. EST. Even if you can’t attend, those who register will get a link to the video and the slides after the event. Click here for more information and to register. I’ll be doing webinars throughout the year so watch for more details about these upcoming free events.

          To learn more or get help planning your financial goals, please email me at gildea@homrichberg.com.

          Download this article.

          Important Disclosures

          This article may not be copied, reproduced, or distributed without Homrich Berg’s prior written consent.

          All information is as of date above unless otherwise disclosed.  The information is provided for informational purposes only and should not be considered a recommendation to purchase or sell any financial instrument, product or service sponsored by Homrich Berg or its affiliates or agents. The information does not represent legal, tax, accounting, or investment advice; recipients should consult their respective advisors regarding such matters. This material may not be suitable for all investors. Neither Homrich Berg, nor any affiliates, make any representation or warranty as to the accuracy or merit of this analysis for individual use. Information contained herein has been obtained from sources believed to be reliable but are not guaranteed. Investors are advised to consult with their investment professional about their specific financial needs and goals before making any investment decision.

          ©2025 Homrich Berg.

          Caring For Aging Parents: Essential Questions And Strategies

          by

          As families navigate the complexities of caring for aging parents, they often face a range of emotional, logistical, and financial challenges. Below, we address key questions and provide actionable strategies to help families prepare for and manage this important responsibility.

          Common Challenges Families Face

          1. Communication Gaps
            • Families often delay discussing caregiving plans, leading to confusion during crises.
            • Misaligned expectations among siblings or relatives can cause conflict.
          2. Emotional Strain
            • Role reversals can be emotionally taxing as children transition into caregiving roles.
            • Guilt, frustration, and sadness are common feelings for caregivers.
          3. Navigating the Healthcare System
            • Understanding medical terminology, insurance options, and long-term care plans can be overwhelming.
            • Without a designated point person, medical decisions may become chaotic.
          4. Financial Pressures
            • Families often underestimate long-term care costs, including home care or assisted living.
            • Insufficient savings or insurance can force difficult decisions about care quality.
          5. Balancing Roles
            • Caregivers often juggle work, family, and caregiving responsibilities, leading to burnout.
            • Uneven distribution of caregiving duties can cause tension among family members.

          Preparing Emotionally and Logistically

          1. Emotional Preparation
            • Seek counseling or join caregiver support groups to process emotions.
            • Set realistic expectations about your role and its demands.
          2. Logistical Preparation
            • Start early conversations about aging preferences, including housing and medical care.
            • Create a centralized document with essential information, such as medical records, legal documents, and contact details for key advisors.
            • Research local caregiving resources and financial aid options.

          Advocating for Parents’ Medical Care

          1. Understand Preferences
            • Discuss care approaches, such as aggressive treatments versus comfort-focused care.
          2. Build Relationships with Providers
            • Attend appointments and establish rapport with healthcare professionals.
            • Ask questions to fully understand diagnoses and treatment options.
          3. Organize Medical Information
            • Maintain a detailed record of medical history, medications, and allergies.
            • Use a digital or physical organizer to track appointments and care plans.
          4. Legal Preparedness
            • Ensure a healthcare proxy or medical power of attorney is in place.
            • Understand insurance coverage, including Medicare or supplemental plans.

          Addressing Mental Health Challenges

          1. For Parents
            • Encourage regular mental health check-ups.
            • Promote activities that stimulate mental health, such as puzzles or social gatherings.
          2. For Caregivers
            • Practice self-care by setting aside time for hobbies, exercise, and rest.
            • Seek therapy if overwhelmed or burned out.
          3. Build a Support Network
            • Join caregiver support groups to share experiences and solutions.

          Financial Planning Strategies

          1. Assess Current Resources
            • Review income sources, such as Social Security, pensions, and investments.
            • Understand insurance coverage, including long-term care policies.
          2. Plan for Future Costs
            • Research costs for home care, assisted living, and nursing homes.
            • Explore financial products to cover eldercare expenses.
          3. Utilize Benefits
            • Investigate programs like Medicaid, veterans’ benefits, or local assistance programs.
          4. Prevent Elder Abuse
            • Monitor financial accounts and simplify finances.
            • Establish legal protections, such as a durable power of attorney.

          Legal Documents Every Family Should Have

          1. Essential Documents
            • Durable power of attorney (for financial matters).
            • Healthcare proxy or living will.
            • Updated will and trust documents.
          2. Additional Considerations
            • Ensure beneficiaries on accounts and insurance policies are current.
            • Consider a guardianship agreement for parents with cognitive decline.

          Balancing Responsibilities

          1. Time Management
            • Prioritize high-impact tasks and delegate others.
            • Use apps like CareZone or CaringBridge to streamline coordination.
          2. Seek Flexibility
            • Discuss caregiving needs with your employer to explore flexible schedules.
          3. Family Collaboration
            • Schedule structured family meetings to discuss responsibilities.
            • Assign tasks based on individual strengths and availability.

          Recommended Resources for Caregivers

          • Georgia Department of Human Services Division of Aging Services: Offers programs and resources for caregivers.
          • AARP Caregiver Resources: Provides tools and support for new and experienced caregivers.
          • Family Caregiver Alliance: A national nonprofit offering education and advocacy.
          • National Institute on Aging Caregiving Toolkit: Comprehensive resources for caregivers.
          • Local Support Groups: Join caregiver groups to share experiences and solutions.

          Caring for aging parents is a journey that requires preparation, collaboration, and support. At HB, we can help you address these challenges head-on and assist you in utilizing available resources so you and your family can navigate this chapter with confidence and compassion. For more information, please download this list of Frequently Asked Questions.

          To learn more or get help with your life experiences, please call 404.264.1400 or email us at info@hbwealth.com.

          Download this article.

          Important Disclosures

          This article may not be copied, reproduced, or distributed without Homrich Berg’s prior written consent.

          All information is as of date above unless otherwise disclosed.  The information is provided for informational purposes only and should not be considered a recommendation to purchase or sell any financial instrument, product or service sponsored by Homrich Berg or its affiliates or agents. The information does not represent legal, tax, accounting, or investment advice; recipients should consult their respective advisors regarding such matters. This material may not be suitable for all investors. Neither Homrich Berg, nor any affiliates, make any representation or warranty as to the accuracy or merit of this analysis for individual use. Information contained herein has been obtained from sources believed to be reliable but are not guaranteed. Investors are advised to consult with their investment professional about their specific financial needs and goals before making any investment decision.

          ©2025 Homrich Berg.

          New Year Resolution #1: Building A Support System

          by

          With the new year beginning, a recently widowed young client shared that with the new calendar year and planner in hand, she was ready to embrace the next chapter of her journey! In the same breath, and with tears in her eyes, she admitted to feeling completely overwhelmed…without her spouse, she is uncertain just HOW she would be able to do this all alone. From the day-to-day shuffle from activity to activity for the children to managing the bills and household chores…she didn’t know where to begin. After walking this path with clients for many years, I reassured her that the overwhelm is real…and the best approach is to take one minute at a time, one deep breath at a time, and above all, to surround yourself with a strong support system. Regardless of whether you find yourself in these shoes due to a divorce or the sudden loss of a spouse, relying on a robust support system will allow you to reclaim your confidence, direction, and emotional stability.

          1.Recognize the Importance of Connection

          Isolation often compounds the feelings of sadness and uncertainty that accompany major life transitions. A support system provides emotional encouragement, practical advice, and a sense of belonging during challenging times. Recognize that seeking support isn’t a sign of weakness, it’s an act of self-care.

          2.Identify Your Core Circle

          Start by reaching out to people you already trust, such as family members, close friends, or colleagues. Consider individuals who have shown consistent kindness and understanding. Let them know what you’re going through and how they might help, whether that’s offering a listening ear, joining you for important appointments, or simply spending time together.

          3. Join Groups and Communities

          Engage with communities that share your experiences or interests. Local meetups, book clubs, or hobby groups can be great ways to forge new connections. Additionally, organizations such as divorce support groups or grief recovery programs can provide a safe space to share and learn from others navigating similar paths.

          4.Leverage Professional Support

          Specialists in various areas can help you address specific challenges. For example:

          • Therapists or Counselors: Provide tools to process emotions and build resilience.
          • Financial Advisors: Help you organize and manage your finances post-transition.
          • Career Coaches: Assist with professional growth or re-entry into the workforce.

          5.Explore Online Communities

          In today’s digital age, virtual communities can be just as impactful as in-person interactions. Platforms like Facebook, Reddit, or specialty forums often host groups dedicated to women experiencing divorce or widowhood. Participating in these groups allows for a wide range of perspectives and support from people worldwide.

          6.Seek Mentors and Role Models

          Identify individuals who have successfully navigated similar circumstances. Their experiences can provide guidance and inspiration, reminding you of your own strength and potential. Platforms like LinkedIn can connect you with professional mentors.

          7.Set Boundaries and Remove Toxic Influences

          As you build your support network, it’s equally important to distance yourself from relationships that drain your energy or undermine your confidence. Prioritize those who uplift you and respect your journey.

          8.Give Back When You Can

          Supporting others can be an important component of your healing process. Volunteer at local organizations or offer guidance to someone else in need. This not only strengthens your own sense of purpose but also enriches your network of compassionate individuals.

          Final Thoughts

          Building a support system is a dynamic process that evolves as your needs change. It’s a blend of emotional support, practical assistance, and community belonging that reinforces your ability to thrive. Remember, you’re not alone on this journey—lean into the connections that empower you and take proactive steps to nurture a life filled with encouragement and growth.

          You are capable, deserving, and never alone in this chapter of your life.

          To learn more or get help with your finances, please visit us at homrichberg.com, send an email to info@hbwealth.com, or call 404.264.1400.

          Download this article.

          Important Disclosures

          This article may not be copied, reproduced, or distributed without Homrich Berg’s prior written consent.

          All information is as of the date above unless otherwise disclosed. The information is provided for informational purposes only and should not be considered a recommendation to purchase or sell any financial instrument, product, or service sponsored by Homrich Berg or its affiliates or agents. The information does not represent legal, tax, accounting, or investment advice; recipients should consult their respective advisors regarding such matters. This material may not be suitable for all investors. Neither Homrich Berg nor any affiliates make any representation or warranty as to the accuracy or merit of this analysis for individual use. Information contained herein has been obtained from sources believed to be reliable but are not guaranteed. Investors are advised to consult with their investment professional about their specific financial needs and goals before making any investment decision.

          ©2025 Homrich Berg.

          Beyond The Numbers: Embracing the New Year With Purpose And Joy

          by

          As the clock strikes midnight on December 31, we are offered a powerful opportunity: a clean slate. The New Year is a time to reflect on the past, celebrate our triumphs, learn from our challenges, and step forward with intention into a fresh chapter – a chapter that’s ”Beyond The Numbers.”

          Whether your goals include personal growth, health, financial stability, or simply finding joy in every day, the transition into the New Year is the perfect moment to set the stage for the future.

          Reflect, Reassess, and Reimagine

          Before rushing into resolutions, take time to reflect on the past year. What went well? What challenges tested you most? Use this introspection to identify key areas for growth and fulfillment.

          • Celebrate Wins: Acknowledge your achievements, no matter the size. Perhaps you started a new hobby, cultivated a relationship, or simply made it through a tough season.
          • Learn from Challenges: Each obstacle carries a lesson. Whether in your personal, professional, or financial life, these insights are stepping stones for growth.

          Setting Intentions, Not Just Resolutions

          Resolutions often fizzle because they focus on rigid outcomes rather than adaptable intentions. Instead, anchor your goals to your values and passions.

          • Health and Wellness: Focus on practices that nurture your body and mind. This might include initiating a mindfulness practice or integrating some new health habits into your routine.
          • Personal Growth: Consider enrolling in a personal development workshop, pursuing lifelong learning, or creating a legacy through sharing your life lessons with loved ones.
          • Financial Clarity: Align your financial goals with your broader life purpose. Craft a financial plan that supports your ambitions and values.

          Creative Traditions to Welcome the New Year

          Make the New Year memorable with unique and meaningful traditions:

          • Vision Boarding: Create a visual representation of your goals using magazine clippings or digital tools. This helps solidify your intentions and keeps you inspired throughout the year.
          • A Gratitude Jar: Begin the year with an empty jar. Each week, add a note about something you’re grateful for. By the end of the year, you’ll have a collection of meaningful moments to reflect upon.
          • Family Mission Statement: Plan a gathering to draft a collective mission statement that represents your shared values and dreams.

          Embracing a Year of Balance

          The key to making your New Year goals sustainable lies in balance. Strive to harmonize ambition with self-care, effort with relaxation, and planning with spontaneity. Remember, it’s not about perfection but progress.

          As we welcome 2025, take this opportunity to live more purposefully, embrace life’s richness, and connect deeply with your passions and loved ones. Here’s to a year that goes beyond resolutions—one filled with intention, joy, and fulfillment.

          For more insights into enriching your family’s life experience beyond financial success, stay tuned for more insights from our “Beyond the Numbers” series.

          To learn more or get help with your life experiences, please call 404.264.1400 or email us at info@hbwealth.com.

          Download this article.

          Important Disclosures

          This article may not be copied, reproduced, or distributed without Homrich Berg’s prior written consent.

          All information is as of date above unless otherwise disclosed.  The information is provided for informational purposes only and should not be considered a recommendation to purchase or sell any financial instrument, product or service sponsored by Homrich Berg or its affiliates or agents. The information does not represent legal, tax, accounting, or investment advice; recipients should consult their respective advisors regarding such matters. This material may not be suitable for all investors. Neither Homrich Berg, nor any affiliates, make any representation or warranty as to the accuracy or merit of this analysis for individual use. Information contained herein has been obtained from sources believed to be reliable but are not guaranteed. Investors are advised to consult with their investment professional about their specific financial needs and goals before making any investment decision.

          ©2024 Homrich Berg.