A Houston-based firm with $350 million in assets under management is the latest to be acquired by the Mather Group, a family- and employee-owned wealth management firm with offices across the country, the company has announced.
This marks the seventh acquisition in the last 18 months for The Mather Group (TMG) and its fourth of 2020, bringing its total AUM to more than $4.7 billion.
Patrick Lawlor, TMG president and head of mergers & acquisitions, said in a statement that PartnersInWealth has been a respected leader in the Houston community for decades.
“We’re humbled that they, along with other fee-only founders, have been reaching out to explore a unique partnership with our firm,” he said.
Headquartered in Chicago with offices in Atlanta, Houston, Dallas, Austin, Knoxville, San Francisco Bay Area, and Philadelphia Area, The Mather Group is a fiduciary-only firm serving high-net-worth families and individuals.
PartnersInWealth, a comprehensive wealth management practice, has been providing clients with financial planning and portfolio management since 1984.
“TMG has made the strategic decision to only partner with the brightest fee-only financial planners to build a well-respected national boutique," PartnersInWealth founder James R. Waters said in released comments. "They have no interest in becoming a private equity-backed megafirm. This will allow my next-generation staff to have a long-term seat at the table."