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HomeWealth ManagementThe Mather Group Acquires 2 Companies, $136M AUM

The Mather Group Acquires 2 Companies, $136M AUM


The Mather Group, a Chicago-based wealth administration agency with 12 places of work nationwide and greater than $7.5 billion in belongings below administration, introduced it has acquired two registered unbiased advisors with a mixed whole of $136 million in belongings below administration.

Based in 2011 by Stewart Mather, the agency launched into an acquisitive development technique in 2018, including 17 companies since October of that 12 months. In April of this 12 months, a big personal fairness funding by Vistria Group allowed TMG to additional ramp up efforts to develop its companies and geographic attain and add 4 new companies 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 a 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 accordance 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 present places of work that we’ve got 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 purchasers’ targets and targets.”

The brand new companies will undertake The Mather Group branding and instantly swap 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 companies similar to asset and tax administration, danger evaluation and property planning steering.

“With a broader, deeper staff 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 day by day actions of managing a non-public enterprise,” mentioned Meager. “All this, mixed with TMG’s development trajectory, enhances our capacity to serve purchasers’ households properly into the longer term.”

“Along with including worth for purchasers, 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 total accountability of managing each our purchasers and our enterprise operations.”

TMG has grown its AUM from $1 billion to just about $8 billion and quadrupled its shopper base during the last 5 years, in response to Behrens. “That’s a results of not solely M&A, however our inner, natural lead technology efforts to win new purchasers,” 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 purchasers to develop our enterprise.”

At present, TMG has one other seven or eight companies at varied levels 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 expect that there are plenty of purchasers who aren’t purchasers but at TMG who actually do need our service providing and the worth that our staff is ready to deliver to them,” he mentioned. “And our purpose and goal is to proceed to develop and scale till we won’t do this anymore, however we do not ever see that ending.”

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