WMS Partners
WMS Partners is a Towson, Maryland-based multi-family office founded in 1993 that provides fee-only wealth advisory, investment management, and family office services to high-net-worth families. The firm was acquired by Homrich Berg (HB Wealth) in December 2024.
- Company typePrivate
- Founded1993
- HeadquartersTowson, United States
- Headcount51–100
- GTM typeB2C
- OfferingServices
What WMS Partners does
WMS Partners is a multi-family office headquartered in Towson, Maryland, founded in 1993 by Timothy W. Chase, David Citron, and Martin Eby. The firm delivers wealth management and family office services to high-net-worth and ultra-high-net-worth individuals and families, operating on a fee-only fiduciary model that eliminates commission-based conflicts of interest. Its service platform is organized around three pillars: wealth advisory, investment management, and family office services, with the latter covering areas such as estate planning, tax coordination, and multi-generational wealth structuring.
The firm employs 51-100 professionals, with Laura Carr serving as Principal and Chief Operating Officer. As a multi-family office, WMS Partners consolidates multiple financial functions under a single trusted advisor relationship, which is the structural differentiator from standalone RIAs or brokerage relationships. The firm's 30+ year operating history and founder-led lineage provide continuity and brand equity in a segment where personal trust is the primary client selection criterion.
In December 2024, WMS Partners was acquired by Homrich Berg Wealth Management, now operating as HB Wealth, a platform with approximately $29 billion in assets under management spanning 48 US states and 12 Southeast offices. Post-acquisition, WMS Partners functions as a component of this larger RIA platform, gaining access to expanded geographic distribution, broader product capabilities (including private market investments), and institutional-scale operating infrastructure. The acquisition reflects the broader RIA roll-up trend in which independent advisory firms consolidate to achieve scale, operational efficiency, and succession planning solutions.
WMS Partners firmographics
Firmographics- Name
- WMS Partners
- Legal name
- WMS Partners
- Website
- https://wms-partners.com
- Company type
- Private
- Founded year
- 1993
- Operating status
- Acquired
- Headcount range
- 51–100 employees
- Short description
- WMS Partners is a Towson, Maryland-based multi-family office founded in 1993 that provides fee-only wealth advisory, investment management, and family office services to high-net-worth families. The firm was acquired by Homrich Berg (HB Wealth) in December 2024.
- Ownership category
- akta.pro rank
WMS Partners industry classification
Industry- Product category
- Multi-Family Office Services
- NAICS
- Trusts, Estates, and Agency Accounts (52592)
- akta.pro primary industry
- Family Office Services (Single & Multi-Family Office) (FSABADAF)
- akta.pro secondary industries
- Discretionary Portfolio Management (DPM) (FSAAABAC), Family Office Administration & Operations (Accounting, Reporting, Payroll) (FSAAADAD)
Keywords
Where WMS Partners is headquartered
LocationHeadquarters
- HQ city
- Towson
- HQ country
- United States
- HQ region
- North America
Markets served
WMS Partners business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Distribution channels2 records
Marketing channels4 records
WMS Partners product offering
Product offeringCore offering
WMS Partners is a multi-family office that delivers comprehensive wealth management services to high-net-worth individuals and families. Its core offerings span wealth advisory (financial planning, multi-generational planning, estate and tax planning), investment management (personalized portfolios with access to private markets), and family office services (consolidated reporting, entity structuring, administrative support, and family education). The firm operates on a fee-only fiduciary basis, with three tiers of service aligned to client complexity.
Product overview
HB Wealth (formerly Homrich Berg Wealth Management, which acquired WMS Partners in December 2024) operates as a fee-only fiduciary wealth management firm offering a unified platform of services organized around three core pillars: Wealth Advisory Services, Investment Management, and Family Office Services. The firm integrates financial planning, investments, tax planning, estate strategies, and private market expertise into a comprehensive advisory approach, with a three-tiered fee-only service structure to accommodate varying client complexity and needs.
Differentiator
Problem solved
Functional benefit
Products and services
- Wealth Advisory Services
Companies that use WMS Partners
Customer profileSegments1 record
Ideal customer profiles1 record
WMS Partners technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
WMS Partners partnerships and signals
Strategic signalScale indicators2 records
Recent moves4 records
Expansion highlights4 records
WMS Partners competitors and assessment
Company assessmentDirect peers
- Bessemer Trust: Bessemer Trust is one of the largest multi-family offices in the US, serving HNW and UHNW families with comprehensive wealth management, investment management, and family office services—directly comparable to WMS Partners' service mix.
- Pitcairn: Pitcairn is a multi-family office serving HNW families with investment management, wealth planning, and family governance services. Its scale and service breadth make it a close competitor to WMS Partners.
- Tiedemann Advisors: Tiedemann Advisors is an independent wealth and investment advisor serving HNW families, foundations, and endowments with bespoke wealth management—comparable in target market and family-office focus.
- Glenmede: Glenmede is a privately-held wealth management firm and multi-family office serving HNW families, endowments, and foundations with investment management and advisory services—closely aligned with WMS Partners' target market and offering.
- Pathstone: Pathstone is a privately-held wealth management firm offering family office services, investment management, and trust services to HNW families—a direct multi-family office peer to WMS Partners.
Regional players
- Argent Financial Group: Argent Financial is a Southeast-focused wealth management and trust services firm offering family office capabilities across the same regional geography where WMS Partners' in-person offices are concentrated.
Broad incumbents
- Abbot Downing (Wells Fargo): Abbot Downing is Wells Fargo's multi-family office brand serving UHNW families with bespoke wealth advisory and investment management. As a bank-affiliated platform, it competes broadly with WMS Partners in the HNW family office segment.
- Brown Advisory: Brown Advisory is a large independent RIA offering private client, family office, and institutional investment services. It competes with WMS Partners for HNW clients but operates at significantly greater scale.
- Brown Brothers Harriman (Private Wealth): Brown Brothers Harriman's Private Wealth division provides trust, estate, and investment management services to HNW families. As a much larger, full-service private bank, it is a broader incumbent serving the same family office client base.
Others
- Homrich Berg (HB Wealth) Predecessor Operations: HB Wealth (formerly Homrich Berg) is WMS Partners' parent following the December 2024 acquisition. Its broader wealth advisory platform overlaps with and now houses WMS Partners' family office services.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
WMS Partners social profiles
Digital presenceWMS Partners financial estimates
Financial estimateRevenue estimate
Valuation estimate
WMS Partners leadership team
Management profileNumber of profiles
Profiles4 records
WMS Partners funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
WMS Partners M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about WMS Partners
What does WMS Partners do?
WMS Partners is a multi-family office that delivers comprehensive wealth management services to high-net-worth individuals and families. Its core offerings span wealth advisory (financial planning, multi-generational planning, estate and tax planning), investment management (personalized portfolios with access to private markets), and family office services (consolidated reporting, entity structuring, administrative support, and family education). The firm operates on a fee-only fiduciary basis, with three tiers of service aligned to client complexity.
Is WMS Partners a public or private company?
WMS Partners is a private company. It is classified as corporate owned and is currently acquired.
When was WMS Partners founded?
WMS Partners was founded in 1993. It employs 51 to 100 people.
Where is WMS Partners based?
WMS Partners is headquartered in Towson, United States, in the North America region.
Who are WMS Partners's main competitors?
Direct peers on record are Bessemer Trust, Pitcairn, Tiedemann Advisors, Glenmede and Pathstone. Argent Financial Group is listed as a regional player. Broad incumbents are Abbot Downing (Wells Fargo), Brown Advisory and Brown Brothers Harriman (Private Wealth). Homrich Berg (HB Wealth) Predecessor Operations is listed as an others.
Does WMS Partners have an API?
No public API is recorded for WMS Partners.
What industry is WMS Partners in?
WMS Partners's product category is Multi-Family Office Services. Its primary akta.pro industry code is FSABADAF, Family Office Services (Single & Multi-Family Office), with a secondary code of FSAAABAC, Discretionary Portfolio Management (DPM). Its NAICS code is 52592.