CHICAGO--(BUSINESS WIRE)--The Mather Group, LLC (TMG), a family- and employee-owned wealth management firm with 10 offices across the country and more than $8.9 billion in assets under advisement (AUA)1, has announced its acquisition of Eugenias Advisory Group (EAG), a registered investment adviser (RIA) firm based in Nashville.
EAG has more than $162 million in assets under management (AUM)2 and a five-person team, including its president and CEO, Velda Eugenias, CFP®, who brings more than 30 years of financial planning and investment experience to TMG. “My team members and I are passionate about putting our knowledge and skills to work in advising our clients,” said Eugenias. “We’re all excited about dedicating more of our time to that effort since we’ll have TMG’s support in managing business operations.”
“We’ve been fortunate to find firms like EAG whose values and approach are aligned with ours, and we’re happy to welcome them to our team,” said TMG CEO Chris Behrens. “A strong culture fit contributes to a smooth integration for both the clients and employees—and this drives efficiency that is important given our pace of acquisitions.”
The EAG team will continue to operate out of its office in Nashville, adding another new market to TMG’s expanding national presence. “Even in an increasingly virtual world, we value having brick-and-mortar offices around the country,” said Patrick Lawlor, CFA, CFP®, President and Head of Mergers & Acquisitions at TMG. “We feel it’s important to have advisors who live and work in the same communities as our clients.”
In addition to news related to its M&A activity, TMG has been highlighted by various financial and business publications for its growth and standing. Most recently, it was recognized by Pensions & Investments magazine as one of the 2021 Best Places to Work in Money Management, largely based on the results of an employee survey that measured the employee experience.3
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, Philadelphia Area, San Francisco Bay Area, Seattle Area, and Washington, DC Area, TMG is a fee-only firm serving primarily high-net-worth individuals. TMG’s professionals 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.
1 Assets under advisement (AUA) consists of discretionary, non-discretionary, and other assets that we advise on but do not directly manage as of 11/1/21.
2 Assets under management (AUM) as of 11/1/21.
3 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.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. The CFA designation is a globally respected, graduate-level investment credential awarded by the CFA Institute, the largest association of investment professionals. To earn the CFA charter, candidates must possess a bachelor’s degree from an accredited university; pass three, six-hour course exams, which require 250 hours of study for each; have four years of professional work experience in an investment decision making-process role; and abide by the CFA Institute’s Code of Ethics.
Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements. No federal or state law or regulation requires financial planners to hold the CFP® certification; it is voluntary. To obtain the certification, a candidate must have a bachelor’s degree from an accredited university or hold another approved designation, have three years of financial planning experience, and complete 30 hours of continuing education every two years.