CHICAGO--(BUSINESS WIRE)--The Mather Group (TMG), a wealth management firm with 70 employees across five offices, announced today its acquisition of RPH Financial Services, a fiduciary-only firm with $168 million in assets under management (AUM), located in northeastern Pennsylvania. RPH specializes in serving corporate executives in the Pharmaceutical sector with a strong focus on Johnson & Johnson employees. The transaction brings TMG’s total AUM to $4.6 billion.
“We had nearly one hundred parties interested in partnering with us,” says RPH Founder Robert Hanlon. “The Mather Group was the only RIA led by a next-gen team with a long-term vision who refuses to accept private equity investors. We heard all the other firms talking about implementing cutting-edge technology, but only TMG was executing on building a proprietary tech platform and using it in real time. We’re confident TMG will best position our clients and staff for the rapid change our industry is undergoing.”
The deal closed within a year of TMG’s acquisitions of two multi-family offices: San Francisco Bay Area-based Berman Investment Advisors, and Astraeus Advisers in Park Ridge, IL. Each transaction brought $1 billion in assets under management (AUM) and prompted the launch of TMG Family Office.
The RPH partnership complements TMG’s core business, which for almost a decade has provided comprehensive financial services to Fortune 500 executives, including tax preparation, tax advice, portfolio management, concentrated stock management, estate planning, and comprehensive financial planning. TMG’s proven success in this space, driven by their innovative technology platform and in-house CPAs, recently landed the firm the number one spot on Financial Advisor Magazine’s Fastest-Growing RIA Firms.
TMG Founding Partner Stewart Mather, who has been recognized as one of America’s Top 100 Independent Advisors by Barron’s, is excited to add Hanlon and the RPH staff to the team. “I have a strong admiration for Robert’s commitment to the fiduciary standard and his incredible experience working with corporate executives. Partnering with RPH helps us execute on TMG’s vision of achieving national scale, while retaining a culture only possible at a boutique firm. It’s our unique culture that has allowed us to remain nimble and attract next-gen talent. Robert and I are like-minded founders with shared values — neither of us have a desire to become a mega-RIA.”
More About The Mather Group
Headquartered in Chicago with offices in Houston, Dallas, Atlanta, San Francisco Bay Area, and Philadelphia 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. www.themathergroup.com
