Wednesday, February 8, 2023
HomeWealth ManagementThe Mather Group Acquires 2 Corporations, $136M AUM

The Mather Group Acquires 2 Corporations, $136M AUM

The Mather Group, a Chicago-based wealth administration agency with 12 workplaces nationwide and greater than $7.5 billion in property below administration, introduced it has acquired two registered impartial advisors with a mixed complete of $136 million in property below administration.

Based in 2011 by Stewart Mather, the agency launched into an acquisitive development technique in 2018, including 17 corporations since October of that yr. In April of this yr, a big personal fairness funding by Vistria Group allowed TMG to additional ramp up efforts to increase its providers and geographic attain and add 4 new corporations in as many months.

On Tuesday, TMG introduced it acquired Seiffert Ltd., a $65 million AUM state-registered RIA in Bethesda, Md. Co-owners Perry Seiffert and Alexia Larson will be part of TMG, together with portfolio supervisor Kathy O’Brien.

Two days later, the agency introduced the addition of Houston-based Semita Asset Administration, together with CEO/CIO Michael Meager and Monetary Planning Director Justin Reede, with $71 million in AUM.

Phrases of the offers weren’t disclosed, however TMG doesn’t provide fairness to incoming advisors.

In line with TMG CEO Chris Behrens, the geographical places of the brand new additions, in addition to traits of every agency made them engaging targets.

“They had been simply pure additions to our current workplaces that we now have in these two places,” he mentioned. “They’re each terrific wealth administration groups that basically match the TMG mannequin of being a monetary planning agency first to fulfill shoppers’ targets and aims.”

The brand new corporations will undertake The Mather Group branding and instantly change to TMG’s know-how platform. Seiffert and Meager each expressed an eagerness to reap the benefits of the agency’s administrative assist and in-house providers equivalent to asset and tax administration, danger evaluation and property planning steering.

“With a broader, deeper workforce of pros supporting us, we are able to focus much more on our shopper relationships and customized service wants as a substitute of being concerned within the many behind-the-scenes every day actions of managing a personal enterprise,” mentioned Meager. “All this, mixed with TMG’s development trajectory, enhances our capability to serve shoppers’ households nicely into the longer term.”

“Along with including worth for shoppers, this offers me the consolation to start placing plans in movement for my very own retirement,” mentioned Seiffert, “understanding that Alexia received’t shoulder the complete duty of managing each our shoppers and our enterprise operations.”

TMG has grown its AUM from $1 billion to almost $8 billion and quadrupled its shopper base during the last 5 years, based on Behrens. “That’s a results of not solely M&A, however our inner, natural lead technology efforts to win new shoppers,” he mentioned. “We consider that {the marketplace} has a powerful urge for food for our service providing and use each of these channels for profitable new shoppers to develop our enterprise.”

Presently, TMG has one other seven or eight corporations at numerous phases in its M&A pipeline, anticipated to shut over the approaching months—together with one which’s set to be introduced subsequent week, Behrens mentioned.

“We predict that there are a whole lot of shoppers who usually are not shoppers but at TMG who actually do need our service providing and the worth that our workforce is ready to convey to them,” he mentioned. “And our purpose and goal is to proceed to develop and scale till we will not do this anymore, however we do not ever see that ending.”



Please enter your comment!
Please enter your name here

Most Popular

Recent Comments