The Mather Group Acquires Astraeus Advisers, Launches TMG Family Office

Partnership marks The Mather Group’s second billion-plus AUM acquisition within 90 days—a sign TMG’s inorganic growth strategy is gaining momentum.

CHICAGO, ILLINOIS (Feb. 19, 2019): The Mather Group (TMG), a fee-only wealth management firm with 60 employees across five offices, announced today its acquisition of Astraeus Advisers, a multifamily office with more than $1 billion in assets under management (AUM), located in Park Ridge, IL. The partnership marks the official launch of TMG Family Office.

The deal closed less than 90 days after TMG’s acquisition of San Francisco Bay Area-based Berman Investment Advisors—a $1 billion plus AUM firm with 30 years of experience in the ultra-affluent, family office space. Both acquisitions transpired under the advisement of Park Sutton Advisors, LLC.

“We’re incredibly proud and excited to launch TMG Family Office and unveil its new website,” says TMG Founding Partner Stewart Mather, who has been recognized as one of America’s Top 100 Independent Advisors by Barron’s. “Acquiring Berman Investment Advisors and Astraeus Advisers, two well respected multifamily offices, has allowed us to build TMG Family Office on a proven, strong foundation. The two firms have been working with families of significant wealth for decades and will bring invaluable experience to this new business unit.”

Today, TMG Family Office serves 18 families with more than $5 billion in collective assets under advisement. Leveraging the technology TMG has used to successfully scale their national, fee-only wealth management firm, TMG Family Office represents a modern, tech-forward experience unparalleled in the multifamily office space. “We simplify our clients’ lives, so they can focus on what’s important,” adds Mather. “Our team is focused on providing our families with peace of mind and helping them preserve their wealth and values for generations to come.”

TMG Family Office provides ultra-affluent families and individuals with a broad set of services—far beyond the scope of traditional banks—all under one roof. TMG’s in-house staff of highly credentialed attorneys, CPAs and other professionals handle everything from financial planning, tax advisory and investment management, to concierge and lifestyle services, such as basic bill payment or private aircraft management.

“Very few multifamily offices provide comprehensive, technology-driven services like The Mather Group,” says President and Founder of Astraeus Chris Yannella, who has fostered relationships with ultra-affluent clients for over two decades. “I was also drawn to their fiduciary-only approach and refusal to accept private equity backing. I knew partnering with a fiduciary founder with a next-generation staff would provide the best growth opportunity and business continuity for my clients and my team.”

This is a common theme Mather is discovering as he executes on his inorganic growth strategy, driven by partnering with like-minded, fee-only founder-led firms. “The momentum of the RIA M&A race is building. And we’ve quickly learned many companies are more inclined to align with a young founder who can provide a stable succession plan for their business, clients and employees,” says Mather. “My team and I have at least another three decades of our career ahead of us—sellers know we’re in it for the long haul.”

“TMG’s long-term vision and next-gen team are what distinguishes us in a crowded market,” he adds. “We offer something a private equity-backed buyer likely cannot.”

More About The Mather Group

Headquartered in Chicago, with offices in Houston, Dallas, Atlanta and the San Francisco Bay 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 $7 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.

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