Wealth manager, independent · Atlanta, GA
HB Wealth
HB Wealth Management, LLC · SEC-registered investment adviser · CRD 316731 · SEC 801-122595
At a glance
HB Wealth is an SEC-registered investment adviser based in Atlanta, Georgia, with $30B in regulatory assets under management as of its Form ADV filed September 3, 2026. It reports 4,808 individual clients, 3,169 of them high-net-worth, holding an average of about $4.8 million each, and 325 employees. That ranks it 35th among the nation’s 5,657 independent wealth management RIAs and 1st of 171 in Georgia. It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Fidelity.
Main office 404-264-1400hbwealth.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $30B
- Rank among independent wealth managers
- #35 of 5,657
- Rank among all SEC RIAs
- #651 of 17,210
- Rank in Georgia
- #1 of 171
- Individual clients
- 4,808
- High-net-worth clients
- 3,169
- Accounts
- 26,148
- Discretionary
- 89% of AUM
- Employees
- 325
- Advisory staff
- 152
- Offices
- 12
Owners and executives on its Form ADV
- Andrew J. BergChairman of the Board
- Andrew R. KlepchickManager
- Thomas M. CarrollChief Executive Officer
- James J. HennessyChief Financial Officer
- Kyle D GlennChief Operating Officer
- William T. McKinneyChief Compliance Officer
- Samuel J. GrantManager
- David I. TrujilloManager
- Jenny TuManager
Custody and brokerage
Broker-dealer
No broker-dealer ties
HB Wealth reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 3,169 | $22B | 72% |
| Corporations or other businesses | 358 | $4.5B | 15% |
| Individuals | 1,639 | $1.4B | 5% |
| Charitable organizations | 227 | $1.3B | 4% |
| Pooled investment vehicles | 23 | $860M | 3% |
| Investment companies | 1 | $261M | <1% |
| Pension and profit sharing plans | 42 | $72M | <1% |
| State or municipal government entities | – | $6M | <1% |
Private funds
HB Wealth reports 24 private funds with $860M in gross assets: private equity funds, real estate funds (Form ADV Item 7.B).
Disciplinary disclosures
HB Wealth reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Selecting other advisers
- Other services
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗hbwealth.com ↗HB Wealth news and profile →
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The full record on HB Wealth
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, 4 years of filings
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- Growth over one, three and five years
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- Rank against 142 peers of its type and size
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- Owners and executives, with titles and stakes
- 11 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Georgia
All of Georgia →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Osaic Advisory Services, LLCAtlanta | $15B | 29,516 |
| Openarc Corporate Advisory, LLCAtlanta | $10B | 3,841 |
| Signaturefd, LLCAtlanta | $9.7B | 1,891 |
| Crawford Investment Counsel IncAtlanta | $9.1B | 1,943 |
| Arkadios Wealth AdvisorsAtlanta | $8.8B | 14,320 |
| Nicholas Hoffman & Company, LLCAtlanta | $8.3B | 399 |
Compare HB Wealth with
- HB Wealth vs Goldman Sachs Wealth Services, L.P. $32B · Cohoes, NY
- HB Wealth vs Tiedemann Advisors, LLC $31B · New York, NY
- HB Wealth vs Waverly Advisors, LLC $30B · Birmingham, AL
- HB Wealth vs Silvercrest Asset Management Group LLC $28B · New York, NY
- HB Wealth vs Osaic Advisory Services, LLC $15B · Atlanta, GA
Background
Questions
How much does HB Wealth manage?
HB Wealth reports $30B in regulatory assets under management across 26,148 accounts, 89% of it on a discretionary basis, on its Form ADV filed September 3, 2026.
How many clients does HB Wealth have?
It reports 4,808 individual clients: 3,169 high-net-worth individuals and 1,639 other individuals. Individuals account for about 77% of its regulatory assets.
Where is HB Wealth headquartered?
Its main office is in Atlanta, Georgia. It reports 12 offices in total and 325 employees, 152 of whom perform investment advisory functions.
How does HB Wealth charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does HB Wealth use?
It reports 2 custodians for its clients’ separately managed accounts: Charles Schwab and Fidelity. On Schedule D of its Form ADV filed September 3, 2026, it reports these amounts held: Charles Schwab ($21B); Fidelity ($2.9B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is HB Wealth a hybrid RIA with a broker-dealer?
HB Wealth reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is HB Wealth a fiduciary?
As an SEC-registered investment adviser, HB Wealth owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is HB Wealth’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-09-03), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →