The Mather Group Acquires Astraeus Advisers, Launches TMG Family Office

Partnership marks The Mather Group’s second billion-plus AUM
acquisition within 90 days—a sign TMG’s inorganic growth strategy is
gaining momentum.

CHICAGO, Ill.–(BUSINESS WIRE)–lt;a href=”” target=”_blank”gt;#FT300lt;/agt;–The Mather Group (TMG), a fee-only wealth management firm with 60
employees across five offices, announced today its acquisition of
Astraeus Advisers, a multifamily office with more than $1 billion in
assets under management (AUM), located in Park Ridge, IL. The
partnership marks the official launch of TMG
Family Office

The deal closed less than 90 days after TMG’s acquisition of San
Francisco Bay Area-based Berman Investment Advisors—a $1 billion plus
AUM firm with 30 years of experience in the ultra-affluent, family
office space. Both acquisitions transpired under the advisement of Park
Sutton Advisors, LLC.

“We’re incredibly proud and excited to launch TMG Family Office and
unveil its new
,” says TMG Founding Partner Stewart Mather, who has been
recognized as one of America’s
Top 100 Independent Advisors
by Barron’s. “Acquiring Berman
Investment Advisors and Astraeus Advisers, two well respected
multifamily offices, has allowed us to build TMG Family Office on a
proven, strong foundation. The two firms have been working with families
of significant wealth for decades and will bring invaluable experience
to this new business unit.”

Today, TMG Family Office serves 18 families with more than $5 billion in
collective assets under advisement. Leveraging the technology TMG has
used to successfully scale their national, fee-only wealth management
firm, TMG Family Office represents a modern, tech-forward experience
unparalleled in the multifamily office space. “We simplify our clients’
lives, so they can focus on what’s important,” adds Mather. “Our team is
focused on providing our families with peace of mind and helping them
preserve their wealth and values for generations to come.”

TMG Family Office provides ultra-affluent families and individuals with
a broad set of services—far beyond the scope of traditional banks—all
under one roof. TMG’s in-house staff of highly credentialed attorneys,
CPAs and other professionals handle everything from financial planning,
tax advisory and investment management, to concierge and lifestyle
services, such as basic bill payment or private aircraft management.

“Very few multifamily offices provide comprehensive, technology-driven
services like The Mather Group,” says President and Founder of Astraeus
Chris Yannella, who has fostered relationships with ultra-affluent
clients for over two decades. “I was also drawn to their fiduciary-only
approach and refusal to accept private equity backing. I knew partnering
with a fiduciary founder with a next-generation staff would provide the
best growth opportunity and business continuity for my clients and my

This is a common theme Mather is discovering as he executes on his
inorganic growth strategy, driven by partnering with like-minded,
fee-only founder-led firms. “The momentum of the RIA M&A race is
building. And we’ve quickly learned many companies are more inclined to
align with a young founder who can provide a stable succession plan for
their business, clients and employees,” says Mather. “My team and I have
at least another three decades of our career ahead of us—sellers know
we’re in it for the long haul.”

“TMG’s long-term vision and next-gen team are what distinguishes us in a
crowded market,” he adds. “We offer something a private equity-backed
buyer likely cannot.”

More About The Mather Group

Headquartered in Chicago, with offices in Houston, Dallas, Atlanta and
the San Francisco Bay 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
$7 billion in assets under advisement. TMG’s in-house attorneys, CPAs
and other professionals simplify their clients’ lives by providing a
comprehensive suite of services under one roof.


Media Contact:
Chelsea Neuman

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