CHICAGO–(BUSINESS WIRE)–Jun 2, 2022–
The Mather Group, LLC (TMG), a wealth management firm with 11 offices across the country and more than $8.3 billion in assets under management (AUM, as of 3/31/22), has announced its acquisition of Multi-Fund Management Ltd. (MFM), a registered investment adviser (RIA) firm based in Louisville.
MFM was founded in 1994 and, since 1995, has been led by David Handmaker, who joined TMG as part of the acquisition. “I couldn’t be more excited about the positive impact I expect this partnership will have on my clients,” said Handmaker. “The size and capabilities of the TMG team—especially as it relates to investment management, operations, and client services—are tremendous. It’s really a win-win, taking a lot of weight off my shoulders while also enhancing the services and solutions we can provide to clients.”
“This partnership follows the same formula that we’ve found to be advantageous for everyone involved,” said TMG CEO Chris Behrens. “We strongly believe that our approach to comprehensive financial planning and investment management delivers value for our clients. Plus, the employees who have joined TMG as a result of acquisitions have been excited about the career opportunities provided by our firm’s size and growth trajectory.”
TMG anticipates announcing several other acquisitions in the coming months. “Our mergers & acquisitions team stays very busy evaluating potential opportunities,” said Patrick Lawlor, CFA, CFP ®, President and Head of Mergers & Acquisitions at TMG. “As we establish more strategic partnerships and manage those integrations, we just continue to get better at executing every stage of the process—creating efficiencies that increase our capacity going forward.”
TMG was recently ranked #13 among the Top 50 Wealth Managers by Growth in Assets according to RIA Channel. Rankings were based on growth in assets on an absolute basis from March 31, 2021, to March 31, 2022. Only active registered investment adviser (RIA) firms with no regulatory, criminal, or administrative violations on file per the SEC as of March 31, 2022, were eligible for consideration. Criteria for inclusion also required that firms provide wealth management services as their primary business.
The firm offers a comprehensive range of in-house services, including financial planning, tax advice and preparation, portfolio management, concentrated stock management, risk assessment, and estate planning guidance. Investment recommendations are not tied to commissions. Clients pay for the firm’s experienced advice on a fee-only basis, typically as a percentage of assets under management. This approach helps align the interests of the firm and the client.
Headquartered in Chicago with offices in Atlanta, Austin, Dallas, Houston, Knoxville, Nashville Area, San Francisco Bay Area, Seattle Area, Spring TX, and Washington, DC Area, TMG is a fee-only fiduciary firm serving primarily high-net-worth individuals. TMG’s professionals aim to simplify clients’ lives by providing a comprehensive suite of services under one roof. TMG is a federally registered investment adviser under the Investment Advisers Act of 1940, as amended, providing discretionary and non-discretionary investment advice to clients. Visit us at www.themathergroup.com.
Rankings are based on voluntary, non-fee-paying surveys. Each organization establishes its own criteria for inclusion. Information is accurate as of the date of this press release, and no obligation nor intention to make updates or corrections exist. Visit the TMG website for more information regarding its awards and recognition.
Kate Demet |[email protected]
KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS KENTUCKY
INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE
SOURCE: The Mather Group, LLC
Copyright Business Wire 2022.
PUB: 06/02/2022 09:30 AM/DISC: 06/02/2022 09:32 AM
Copyright Business Wire 2022.