The Mather Group (TMG), a US-based family and employee-owned wealth manager, has acquired Nashville-based registered investment adviser (RIA) Eugenias Advisory Group (EAG).
The acquisition, whose financial terms were not disclosed, adds more than $162m to TMG’s asset under management (AuM) and expands its footprint to Nashville.
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Commenting on the deal, TMG CEO Chris Behrens said: “We’ve been fortunate to find firms like EAG whose values and approach are aligned with ours, and we’re happy to welcome them to our team.
“A strong culture fit contributes to a smooth integration for both the clients and employees—and this drives efficiency that is important given our pace of acquisitions.”
EAG CEO Velda Eugenias said: “My team members and I are passionate about putting our knowledge and skills to work in advising our clients.
“We’re all excited about dedicating more of our time to that effort since we’ll have TMG’s support in managing business operations.”
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By GlobalDataAs agreed, EAG’s team of five will continue to operate out of its Nashville office, which will expand TMG’s expanding national presence.
TMG president and head of Mergers and Acquisitions Patrick Lawlor commented: “Even in an increasingly virtual world, we value having brick-and-mortar offices around the country. We feel it’s important to have advisors who live and work in the same communities as our clients.”
Chicago-headquartered TMG provides a range of in-house services, such as financial planning, tax advice and preparation, concentrated stock management, portfolio management, risk assessment, and estate planning guidance.
The firm has offices in Austin, Atlanta, Dallas, Knoxville, Houston, San Francisco Bay Area, Philadelphia Area, Seattle Area, and Washington DC Area.
In February this year, TMG acquired fiduciary-only firm Trinity Financial Advisors.
