The Mather Group Acquires Barnett Financial

The Mather Group continues to execute on 2020 strategic growth goals despite uncertain markets.

CHICAGO--(BUSINESS WIRE)--The Mather Group (TMG), a family- and employee-owned wealth management firm with seven offices across the nation, announced today its acquisition of Barnett Financial, an Austin-based fiduciary-only firm with $193 million in AUM, bringing TMG’s total assets under management (AUM) to over $3.9 billion. The Barnett Financial deal marks TMG’s fifth acquisition in the last 18 months, and third office in Texas.

Barnett is a comprehensive wealth management practice, providing clients with financial planning and portfolio management. This makes them a great fit for TMG, which has attracted like-minded fee-only RIA owners with its holistic approach and tech-forward team.

TMG Founding Partner Stewart Mather, who has been recognized as one of America’s Top 100 Independent Advisors by Barron’s, is excited to expand TMG’s footprint into the Austin market—ranked the fastest-growing city in America last year. “We’re looking forward to launching our Austin office with the help of Laura Barnett Lion and Christopher Lion’s leadership. Their team’s deep financial planning experience will bring incredible intellectual capital to TMG, and their fee-only approach aligns with our culture.”

“We’ve sat down with many potential buyers and The Mather Group’s innovative technology, in-house tax capabilities and next-generation staff provided the most impressive wealth management platform we saw,” says Barnett Financial President Laura Barnett Lion. “It was also clear that TMG’s boutique culture would allow for my voice to be heard post-transaction—something I felt would be missing if I partnered with one of the Mega RIAs. We’re excited to leverage their platform to grow the Austin market.”

The deal closed within five months of TMG’s last acquisition of Daniel Advisors, an Atlanta-based fiduciary-only firm with $110 million in AUM. Despite recent market volatility, Mather, age 41, continues to appeal to fee-only founders who prefer to align with a next-gen firm offering a long-term option for clients and stakeholders.

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.

More About The Mather Group

Headquartered in Chicago with offices in Houston, Dallas, Austin, Atlanta, 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 $6.3 billion in assets under advisement (AUA)*. 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.

* Assets under Advisement (AUA) consists of discretionary, non-discretionary assets and assets that we advise on but do not directly manage.

Information is accurate as the date of this press release, and no obligation nor intention to make updates or corrections exist.