Focused on the crossroads of insurance,
healthcare services, investment services,
and the technologies that serve those sectors.
was recapitalized by
Financial advisor to The Vistria Group April 2022
The Mather Group, A Leading Wealth Management Platform, Has Been Recapitalized By The Vistria Group
Industry: Investment Services
Type: Buy-Side M&A

The Mather Group, LLC (TMG) announced it recieved a significant strategic investment from The Vistria Group, a Chicago-based next generation middle market private equity firm focused on financial services, healthcare and education.  TMG is a leading wealth management firm with over $8B in assets under management (AUM) across 11 offices nationally.

As part of the transaction, The Vistria Group will commit significant capital to support TMG's continued growth, both organically and through additional acquisitions. The announcement represents The Vistria Group's first partnership in the wealth management space and fosters a dynamic new venture between two Chicago-based firms. As part of the investment, The Vistria Group is backing CEO Chris Behrens and the current TMG leadership team to continue its expansion into new geographies and services.

"Our business is built on trust and relationships. The Vistria Group shares the same business values, investment philosophy and commitment to integrity, transparency and high-touch service that has been the core foundation of TMG," Behrens said. "This partnership supports our vision of being a national boutique while continuing to enhance the client experience."

Founded in 2011 by Stewart Mather, the firm today maintains his commitment to putting the client's interests first. TMG 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. The firm is committed to holistically addressing clients' financial needs while minimizing costs wherever possible.

"We are thrilled to establish a partnership with Chris and The Mather Group team," explained Michael Castleforte, Partner & Co-Head of Financial Services at The Vistria Group. "Their reputation in the industry and among clients is unparalleled, and we know there is great opportunity to continue the company's growth trajectory."

Since January 2020, TMG has completed 10 acquisitions and currently has more than 140 advisors and staff around the country. The firm scaled its AUM from $1B to $8B during the past five years and has been ranked among Barron's list of Top 100 RIA Firms in the country for the past four years.

"This partnership is consistent with our long-term thesis about the value of, and tailwinds in, wealth management. TMG's culture of service, innovation, professional development and growth provides a great opportunity to replicate in markets across the U.S.," noted Boris Rapoport, Partner & Co-Head of Financial Services for The Vistria Group.

The Vistria Group's team of professionals brings extensive experience working with management teams in financial services. The Vistria Group leverages its operational resources to support its portfolio companies, now including TMG, to help them scale and expand opportunities for clients. The Vistria Group's involvement provides TMG a capital structure from which to grow, both organically and through M&A, and helps TMG provide continued value to clients through enhanced service offerings.

Waller Helms Advisors acted as financial advisor to The Vistria Group in connection with the transaction.