(MENAFN- Caribbean News Global)
CHICAGO–(BUSINESS WIRE)–The Mather Group, LLC (TMG), a wealth management firm with 11 offices across the country and more than $8.1 billion in assets under management (AUM)1, has announced its Acquisition of Barrow Asset Management, Inc. (Barrow), a registered investment adviser (RIA) firm based in Tampa.
Barrow has more than $28 million in assets under management (AUM)2 and is led by its founder and president, Bennett Barrow, CFP®, who will join TMG as part of the acquisition.“I'm thrilled to have found a like-minded firm to join forces with for the benefit of my clients,” said Barrow.“TMG's technology and operational capabilities, along with its team of planning, investment, and tax professionals, will help to drive meaningful improvements in the client experience.”
“Adding Barrow is another step forward in our strategic growth plan,” said TMG CEO Chris Behrens.“It's grounded in serving our clients' best interests by holistically addressing their financial needs while providing transparency and minimizing cost wherever possible. This approach not only helps drive retention, but also allows us to attract new clients and partners who appreciate the value we can provide.”
Barrow's presence in Tampa adds another new market to TMG's expanding national presence.“This is our 10th acquisition in two years, and we've established five new offices as a result of those,” said Patrick Lawlor, CFA, CFP®, President and Head of Mergers & Acquisitions at TMG.“We're excited to now broaden our reach to Florida, where we see a lot of opportunity.”
TMG's progress has been recognized by various financial and business publications that assess RIA firms. Most notably, it was ranked #56 among Barron's 2021 list of Top 100 RIA Firms in the country, improving its year-over-year ranking more than any other firms on the list.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.
ABOUT TMG
Headquartered in Chicago with offices in Atlanta, Austin, Dallas, Houston, Knoxville, Nashville Area, San Francisco Bay Area, Seattle Area, Spring (Tex.), 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 .
1 Assets under management (AUM) as of 2/28/22.
2 Assets under management (AUM) as of 1/31/22.
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.
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