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CHICAGO–(BUSINESS WIRE)–Aug 4, 2022–
The Mather Group, LLC (TMG), a wealth management firm with 12 offices across the country and more than $7.5 billion in assets under management (AUM, as of 6/30/22), has announced its acquisition of Semita Asset Management LLC (Semita), a registered investment adviser (RIA) firm based in Houston.
Founded in 2015 with approximately $71 million in AUM as of 6/30/22, Semita has focused on providing investment management and financial planning services to high-net-worth individuals. Semita CEO and Chief Investment Officer Michael Meagher and Director of Financial Planning Justin Reede have both joined TMG as part of the acquisition. “Becoming part of the TMG team brings many benefits for our clients. First and foremost, TMG’s business model offers clients access to more value-added, in-house services such as tax management and estate planning guidance,” said Meagher. “Also, with a broader, deeper team of professionals supporting us, we can focus even more on our client relationships and personalized service needs instead of being involved in the many behind-the-scenes daily activities of managing a private business. All this, combined with TMG’s growth trajectory, enhances our ability to serve clients’ families well into the future.”
“Welcoming Michael, Justin, and their clients is a great milestone in TMG’s story,” said TMG CEO Chris Behrens. “Joining forces with like-minded practitioners helps to boost our intellectual capital, which is invaluable to a collaborative, professional services firm like ours. The character and credentials of our people are at the foundation of the client experience.”
TMG was recently ranked #22 on Financial Advisor magazine’s Top 50 Fastest Growing Firms, which ranked RIA firms based on their percentage growth in assets from 2020 to 2021. In that time, TMG’s AUM grew by more than 58%—and its headcount grew by 66% to help maintain and enhance the high level of service TMG aims to deliver via its national boutique model.
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, Morristown (NJ), 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.
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Kate Demet |firstname.lastname@example.org
KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS TEXAS
INDUSTRY KEYWORD: PERSONAL FINANCE ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE
SOURCE: The Mather Group, LLC
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PUB: 08/04/2022 09:00 AM/DISC: 08/04/2022 09:02 AM