The Mather Group (TMG), a US-based family and employee-owned wealth manager, has added $187m to its books with the takeover of Trinity Financial Advisors (TFA).
Financial details of the acquisition were not shared.
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TFA is a fiduciary-only firm offering financial planning services to Chicago’s premier working and retired business executives, healthcare professionals, attorneys and entrepreneurs since 2000.
Trinity Financial Advisors principal John Wimbiscus said: “TMG’s strong management group, advanced technology solutions, strong growth rate and high level of integrity is very impressive.
“Partnering with a planning-centric RIA with strong tax capabilities like TMG will bring a host of new opportunities to our clients, and I am excited to be part of building this national boutique wealth management firm.”
TMG’s acquisition spree
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By GlobalDataThe latest purchase marks TMG’s 8th acquisition in a little more than two years and brings its total AUM to over $5.6bn.
TMG president and head of Mergers & Acquisitions Patrick Lawlor said that the TFA acquisition marks another new year of momentum for TMG as the firm looks to grow its national boutique brand.
In September last year TMG accelerated its growth trajectory with the purchase of Houston-based fiduciary-only firm PartnersInWealth.
The deal added $350m in assets to TMG, taking its total assets to more than $4.7bn.
Last June, the company acquired Knoxville-based fiduciary-only firm Resource Advisory Services, bringing in $116m in assets.
The same month, it snapped up $193m Austin-based business Barnett Financial.
Headquartered in Chicago with offices in Atlanta, Austin, Dallas, Houston, Knoxville, Philadelphia, and San Francisco Bay Area, TMG offers financial services to HNW clients.
Its services include tax preparation, tax advice, portfolio management, concentrated stock management, estate planning guidance, and comprehensive financial planning.
