Homrich Berg, an Atlanta-based RIA integrator with $18 billion in assets, has hired Tim Tallach as director of advanced tax planning and family office services, a newly created role within the HB Family Office division.
"Tim’s appointment marks a significant enhancement in our ability to offer specialized tax guidance to clients,” Thomas Carroll, president and CEO of Homrich Berg, said in a statement. “His established track record in advancing client goals through innovative tax solutions and family office management aligns with our mission to deliver exceptional service."
Tallach has 28 years of experience in the family office space, most recently as an executive managing director and head of the wealth planning group at Pathstone, a private equity-backed multifamily office. Prior to that, he was a managing director at GenSpring Family Offices.
In this new role, Tallach will work with the firm’s advisors to provide clients with advanced income and transfer tax guidance and expand the RIA’s family office services. He will report to Michael A. Woocher, principal and chief advisory officer at Homrich Berg.
“Growing up working in my family’s business, I learned the importance and symbiotic nature of every role,” Tallach said in a statement. “From the floor sweep to the c-suite, it takes coordination, communication and an ownership mentality to breed success. I have applied these principles throughout my career and look forward to bringing that collaborative spirit and strategic thinking to my work at HB."
Tallach’s appointment comes as the firm continues to build out its family office division. Last month, the RIA acquired WMS Partners, a $6.4 billion multi-family office and RIA based in Tyson, Md. WMS Partners will become part of the Homrich Berg Family Office.
In September, Homrich Berg executives opted to sell a minority stake in the firm to TPG Growth, the middle market and growth equity platform of the San Francisco-based private equity firm TPG. According to Reuters, the deal valued the RIA at around $1 billion.
The firm has also been backed by New Mountain Strategic Equity, an affiliate of the private equity firm New Mountain Capital, which made its minority investment in 2021. New Mountain kept its stake in the wake of the TPG deal. In 2022, Homrich Berg completed a debt capital revolver by raising $75 million in a multi-bank syndication led by First Citizens Bank, allowing the firm’s owners to retain their majority control.
Carroll took over the role of Homrich Berg CEO at the beginning of last year. He succeeded Andy Berg, who’d led the firm since its founding. The move was part of a planned transition that began when Carroll was hired in 2020, and Berg remained as chairman of the firm’s board.
