CHICAGO--(BUSINESS WIRE)--The Mather Group, LLC (TMG), a wealth management firm with 11 offices across the country and more than $8.2 billion in assets under management (AUM, as of 3/31/22), has announced its acquisition of Avenue Advisors, LLC, a registered investment adviser (RIA) firm based in San Diego.
Avenue Advisors had approximately $85 million in assets under management (AUM, as of 3/31/22) and was led by managing member, Jean Sinclair, CFP®, who joined TMG as part of the acquisition. “Moving to TMG brings so many resources that I believe will be meaningful to my clients,” said Sinclair. “Being able to leverage the broad and deep technical experience of TMG’s highly credentialed professionals, having a team of people supporting me and providing greater accessibility for clients, and tapping into a robust technology platform will all be beneficial.”
Combining with TMG also provides Sinclair with a solution to the long-term succession planning issue faced by many small RIAs. “Advisors who have dedicated their careers to helping clients plan for the future realize that they also need to plan for their own eventual retirement,” said TMG CEO Chris Behrens. “We’re able to provide the infrastructure and human capital that gives advisors the support they need to serve clients today, as well as the confidence that they’ll ultimately be able to step away and leave their clients in good hands.”
“Jean is a great example of the type of experienced advisor who fits in seamlessly at TMG,” said Patrick Lawlor, CFA, CFP®, President and Head of Mergers & Acquisitions at TMG. “She takes a planning-first approach with her clients and is focused on providing guidance based on what’s best for each client, given their unique circumstances. That philosophical alignment creates the strong foundation for a successful partnership.”
TMG also recently announced its partnership with The Vistria Group. The transaction provides the firm with capital to continue enhancing its service offering and expanding its business to new markets while also maintaining its commitment to integrity, transparency, and the high-touch, tech-forward client experience that has been the RIA’s hallmark.
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, 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.