Slower Growth in Q3 Due to Delta Variant and Supply Chain Shortages

CIO Stephanie Lang, CFA joining Bloomberg BNN to talk about today’s CPI data, and other risks to the market. The good news? Watch the segment to hear what she has to say.

The Fed is ‘Easing Back on the Gas Pedal’ with Tapering: Analyst

The Fed may want to taper through the end of this year as they look to the future for potential interest rate hikes. Hear what Ross Bramwell, CFA, principal at Homrich Berg, has to say about end-of-year economic outlook and whether or not current inflation is transitory. Click the link to the video here.

 

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 $10 billion for more than 2,000 family relationships nationwide.

HB Named to Atlanta Business Chronicle’s 2021 Best Places to Work List

We are proud to announce that we made Atlanta Business Chronicle’s 2021 Best Places to Work List.

Check out our careers page to see just why HB is the best place to work!

Stock Market Turns Cautious as ‘Defensive’ Shares Surge

Despite signs pointing to an economic cooldown, CIO Stephanie Lang, CFA feels investors will continue to buy the dip and move markets forward. Read what she has to say on the recent trend toward defensive stocks in The Wall Street Journal.

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 $10 billion for more than 2,000 family relationships nationwide.

An Alternative Fund Solution for RIAs

Private alts are a great way for investors and advisors to add diversity to a portfolio as public markets have narrowed over the years. Check out what our approach is in this Nasdaq article.

Strong U.S. Job Gains Will Likely Push Up Fed Tapering: Strategist

“We really like to have a barbell strategy where you have some of the cyclical growth names like financials, but then have a barbell with tech names that are more secular growers.” CIO Stephanie Lang, CFA offers insight into economic outlook heading into the fall as volatility picks up, watch here.

Bonds “Stink.” Do They Still Have a Place in Client Portfolios?

Is the 60/40 allocation a thing of the past? Stephanie Lang, CIO, explains how we’re looking at alternatives and other ways to diversify from typical bond exposure in Barron’s.

 

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 $10 billion for more than 2,000 family relationships nationwide.

Building Your Financial Team Roster: How to Navigate the New NIL Rule by Adding the Right Advisor to Your Team

By: Joshua Vaughan, CFP®

08/06/21

A recent ruling by the U.S. Supreme Court has opened the door for amateur athletes to make money from their name, image, and likeness (NIL) for the first time. Athletes in both men’s and women’s sports have begun announcing deals in multiple arenas including creating NFT’s (non-fungible token), social media marketing, promoting local restaurant and gyms, and endorsing national brands. The financial opportunities will continue to grow as both companies and athletes navigate this new terrain. With these opportunities, however, comes a new responsibility for athletes that has not been part of the equation previously…”I can now make money, what should I do next?” The answer is to build a solid support system to help navigate your financial future. This starts with having a financial advisor as part of your team.

The burden of making big financial decisions is not something an athlete, or any person, should handle alone. A good advisor will be well-versed on most financial matters and can help the athlete navigate these tough decisions. In our opinion, the advisor should be independent—one that does not work for financial institution offering a limited menu of proprietary or brokered products and strategies—they can help the athlete find “best of breed” solutions no matter who provides them.  Additionally, we believe that the advisor should be “fee only”—that’s a legal term that essentially means that the advisor does not accept commission on the products they recommend so they are objective and do not face obvious conflicts of interest in providing their advice. These items are of pivotal importance on the front end of an athlete’s earning career as building good habits (saving, controlling spending, investing, managing risks, planning for taxes, etc.) will propel them toward a better future. The advisor should collaborate with an athlete on these items and help them create a plan in conjunction with their goals to establish a strong financial foundation.

The truth is, not every athlete will become wealthy based on the NIL ruling alone. And, unfortunately, many that do may not invest in themselves with a long-term view in mind.  Most athletes will have a second career after their athletic careers are completed. The ruling does, however, present a great opportunity to jump start an athlete’s financial future and open new network/career opportunities. Those that manage their money and opportunities wisely, will be in a better position to succeed. Having a good advisor to help along the way can make a big difference!

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 $10 billion for more than 2,000 family relationships nationwide.

Disclaimer:  The content of this presentation represents the opinions of Homrich Berg regarding these educational topics and should not be interpreted as direct investment advice or marketing of HB services. Investing involves risks including loss of principal. This document does not constitute legal, tax accounting or investment advice. This discussion includes our opinions and forward-looking thoughts as of August, 2021 and is not a guarantee of future results.

What are Private Alts and How Can Investors Access This Asset Class?

What are private alts and how can investors access this asset class? Dan Ziznewski, CFA explains this and more in Rethinking65

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 $10 billion for more than 2,000 family relationships nationwide.

Homrich Berg Announces Minority Investment from an Affiliate of New Mountain Capital

ATLANTA and NEW YORK — July 30, 2021 — Homrich Berg is pleased to announce an investment from New Mountain Strategic Equity I, L.P., an affiliate of private equity firm New Mountain Capital (“New Mountain”), a growth-oriented investment firm with a demonstrated track record of partnering with leading founder-owned businesses. The investment helps the Atlanta-headquartered, $10 billion registered investment adviser (“RIA”) manage ownership succession and adds an experienced partner that allows Homrich Berg to add to its capabilities and talent as a leading RIA in the Southeast.

Homrich Berg co-founder and CEO Andy Berg is excited about this partnership which will allow the RIA to continue its growth trajectory while also maintaining independence and majority ownership of the firm. “More than 30 years ago I co-founded Homrich Berg with a belief in independent, objective, fee-only advice for our clients,” said Berg. “We have worked hard to ensure the long-term independence of Homrich Berg through the addition of many talented principals to broaden our ownership. As we look ahead to the next 30 years of independence, we look forward to collaborating with NMC in support of our strategic objectives.”

“The decision to pursue a minority investment was intentional. Many of our peer firms have recently sold to outside buyers,” said Homrich Berg president Thomas Carroll. “We have explicitly rejected that approach both now and looking ahead – all generations of our ownership are fully aligned in our commitment to on-going independence. While this event helps ensure a strong succession plan for the future, all of our current owners will still be owners post-closing and we are excited about the future working with New Mountain as our partner.”

Founded in 1989, Homrich Berg provides fee-only comprehensive investment advisory and financial planning services to high-net-worth individuals, families, multi-generation family offices, business owners, trusts, estates, and charitable organizations.

“We see an incredible opportunity for Homrich Berg to continue its strong growth and build on its leading presence in the Southeast. The firm’s commitment to clients is what attracted us to this investment partnership and we are energized to support the firm’s long-term strategic expansion,” said Bob Mulcare, Managing Director at New Mountain. “This is the fourth investment out of our debut Strategic Equity fund and we are looking forward to partnering with Andy and the team on an exciting new platform.”

Homrich Berg was advised by the Asset & Wealth Management Investment Banking team of Raymond James Financial, Inc. and Alston & Bird LLP.  New Mountain Capital was advised by Ropes & Gray LLP and DeVoe & Co.

 

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 $10 billion for more than 2,000 family relationships nationwide.

About New Mountain Capital

New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than debt, as it pursues long-term capital appreciation. The firm currently manages private equity, credit, net lease real estate and public equity funds with over $30 billion in assets under management. New Mountain seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies.

NOTE: This document is for informational purposes only and is not an offer to sell, or solicitation of an offer to purchase, any security, product or fund. The information does not constitute investment advice and should not be relied upon as such. Certain of the information herein is forward-looking in nature and may be subject to change. Information is as of July 30, 2021 unless otherwise specified, with no obligation to update.

 

Media Contacts:

For Homrich Berg

Morgan Polley

Gregory FCA

610-228-2140

morgan@gregoryfca.com

 

For New Mountain Capital

Dana Gorman / Matthew Butler

Abernathy MacGregor

dtg@abmac.com / msb@abmac.com

212-371-5999