Published On: Wed, Jun 17th, 2020

Mather Group acquires financial advisory firm Resource Advisory Services

Tagged with: | | | | | | | |

The Mather Group (TMG), a US wealth management firm, has acquired Resource Advisory Services, a Tennessee-based financial advisory firm for an undisclosed price, in a move to expand its footprint in the southeast US.

Resource Advisory Services, which has $116 million in assets under management (AUM), is the sixth acquisition for The Mather Group in the last 18 months, and third this year. The Mather Group now has a total AUM of more than $3.9 billion.

As a wealth management practice, Resource Advisory Services offers clients financial planning and portfolio management services, which is said to make it a great fit for The Mather Group.

David Lewis – Resource Advisory Services Founder said: “TMG’s unrivaled technology platform and boutique culture really attracted us to their firm.

“I’m thrilled to partner with a next-generation founder who isn’t private-equity backed, and feel very confident TMG’s long-term vision will support my advisors into the future. Every conversation has illustrated the harmony between our cultures of client service and business ethics.”

On the other hand, Chicago-based The Mather Group offers financial services to high net worth clients which include tax preparation, tax advice, portfolio management, estate planning, concentrated stock management, and financial planning.

Stewart Mather – The Mather Group Founding Partner said: “David Lewis has been a leader in the Knoxville community for many decades. His commitment to a fee-only fiduciary approach, from the time fee-only financial planning began to be a known term, offers a tremendous foundation for TMG to grow in this market.”

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>