CHICAGO–(BUSINESS WIRE)–The Mather Group (TMG), a family- and employee-owned wealth management firm with seven offices across the country, announced today its acquisition of PartnersInWealth, a Houston-based fiduciary-only firm with $350 million in assets under management (AUM). This deal marks TMG’s seventh acquisition in the last 18 months, and fourth of 2020, bringing their total AUM to over $4.7 billion.
The Mather Group is no stranger to the Houston market. After opening their office in the Galleria District in 2015, the team quickly established themselves as major players through rapid organic growth, offering a unique fee-only, tax-focused value proposition. This is TMG’s first strategic acquisition in the area—a wonderful fit for a local firm looking to partner with a like-minded team who knows the Houston landscape well.
PartnersInWealth is a comprehensive wealth management practice, providing clients with financial planning and portfolio management since 1984. “TMG’s cutting-edge technology platform and boutique culture really attracted us to their firm,” says PartnersInWealth Founder James R. Waters, CFP®. “TMG has made the strategic decision to only partner with the brightest fee-only financial planners to build a well-respected national boutique. They have no interest in becoming a private equity-backed megafirm. This will allow my next-generation staff to have a long-term seat at the table.”
TMG President and Head of Mergers & Acquisitions, Patrick Lawlor, CFA, CFP®, is excited to welcome PartnersInWealth to the team. “PartnersInWealth has been a respected leader in the Houston community for decades. We’re humbled that they, along with other fee-only founders, have been reaching out to explore a unique partnership with our firm.”
TMG provides comprehensive financial services to high net worth clients, including tax preparation, tax advice, portfolio management, concentrated stock management, estate planning, and comprehensive financial planning. TMG’s proven success in this space, driven by their innovative technology platform and in-house CPAs, recently landed the firm the number 14 spot on Forbes Top 100 Wealth Managers of 2019 and the number one spot on Financial Advisor Magazine’s Fastest-Growing RIA Firms in 2019.
More About The Mather Group
Headquartered in Chicago with offices in Atlanta, Houston, Dallas, Austin, Knoxville, San Francisco Bay Area, and Philadelphia Area, The Mather Group is a fiduciary-only firm serving affluent and ultra-affluent families and individuals. Founded in 2011 with $150 million in assets under advisement, TMG has grown to over $6.8 billion in assets under advisement. TMG’s in-house attorneys, CPAs and other professionals simplify their 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.