HB Wealth enters Texas with physician-focused advisory crew
A father-daughter trio managing roughly $700 million joins the Atlanta-based fee-only RIA, establishing its Austin foothold.
HB Wealth, one of many nation’s largest fee-only registered capital allocation advisers, has moved into Texas by including a three-person advisory crew that constructed its follow round serving physicians and different healthcare professionals.
The Atlanta-based agency introduced Thursday that Steven D. Podnos, MD, MBA, CFP, Rachel Podnos O’Leary, JD, CFP, and Lauren Podnos-Garner, CFP, have joined HB Wealth, establishing the agency’s presence in Austin. Rachel and Lauren shall be primarily based there full-time, whereas Steven will cut up his time between Austin and Cocoa Beach, Florida.
The trio beforehand ran Wealth Care LLC, an unbiased, fee-only RIA that Steven Podnos based in 2002. Before coming into wealth management, he spent years as a pulmonary and demanding care doctor, a background he carried straight into his advisory follow. He continued working towards vital care medication within the Air Force Reserve till 2023.
Dual identification
That twin identification of clinician and authorized monetary planner, formed a follow constructed round understanding the monetary pressures physicians face, from legal responsibility publicity and asset safety to estate planning and the executive calls for of working or exiting a medical follow.
Together, the father-daughter crew presents complete financial planning and capital allocation administration alongside steering on tax technique, asset safety, and property planning. Beyond their healthcare area of interest, the crew additionally works with high- and ultra-high-net-worth people and households throughout the nation.
“Joining HB Wealth represents an essential subsequent chapter for our purchasers and our crew,” Steven Podnos mentioned. “It permits us to protect the unbiased, fiduciary method that has at all times outlined our work whereas increasing the depth of recommendation and sources we are able to carry to every relationship.”
He added that the crew has constructed its follow round understanding the complete image of purchasers’ lives, together with the distinct challenges physicians and different healthcare professionals face. “HB Wealth strengthens our skill to handle each side of our purchasers’ monetary lives with the identical private consideration and unwavering give attention to their greatest pursuits.”
Thomas Carroll, CEO of HB Wealth, mentioned the addition marks a significant second for the agency’s nationwide progress technique. “Their addition establishes a powerful basis for us in Austin,” Carroll mentioned. “This crew shall be pivotal in how we carry a worthwhile new dimension to the way in which we serve medical professionals nationwide.”
Growing market
Texas is now HB Wealth’s seventh market, becoming a member of Georgia, Florida, Maryland, North Carolina, South Carolina, and Tennessee. The agency, which traces its origins to 1989 when it was based as Homrich Berg, now oversees greater than $33 billion in property throughout 13 workplaces with greater than 360 staff.
The agency rebranded to HB Wealth in August 2025 as its geographic footprint expanded nicely past its Atlanta base. Last yr it was recognized by InvestmentNews as the only 5 Star RIA firm in Georgia.
The transfer follows a interval of great exercise for HB Wealth. In July 2026, the agency launched a dedicated institutional advisory and OCIO practice, formalizing longstanding relationships with nonprofits, foundations, endowments, and company purchasers right into a standalone enterprise line. And earlier in 2026, it added a five-person crew in Charlotte, additional constructing out its Southeast presence.
Texas has turn into one of the crucial aggressive exchanges for RIA growth nationally, with giant fee-only and unbiased corporations alike planting flags in Austin, Dallas, and Houston. HB Wealth’s entry by way of a specialty-focused crew quite than a generalist rent displays a broader trade pattern towards advisor progress methods anchored in area of interest experience, notably in exchanges the place competitors for high-net-worth purchasers is intensifying.
