The Mather Group

What The Mather Group does

The Mather Group (TMG) is a fee-only, fiduciary registered investment advisor founded in 2011 by Stewart Mather in Chicago, serving affluent and ultra-affluent individuals and families across the United States. The firm delivers an integrated four-pillar service model — financial planning, investment management, tax strategy and compliance (with in-house CPAs), and estate planning — under a team-based advisory structure rather than a single-advisor model, supplemented by specialized offerings including Women Forward, Legacy at TMG for generational wealth transfer, and Expat Services. TMG operates from 14+ locations and reports $17B+ in assets under management with 100+ expert advisors on staff.

TMG does not build proprietary technology; it relies on industry-standard third-party infrastructure including Schwab and TradePMR as custodians, Orion Advisor for portfolio management, and Box for document management, with mobile apps and a client portal for self-service access. The firm has no disclosed AI/ML, data flywheel, or proprietary model development. Revenue is generated through transparent AUM-based advisory fees under a commission-free model, with a secondary distribution channel via the Robinhood Advisor Network referral program (25% revenue share).

TMG's growth model is acquisition-led: the firm has completed over 20 RIA acquisitions since 2020, absorbing smaller advisory firms while offering succession planning and operational support to acquired advisors. It received a strategic private equity investment from The Vistria Group in 2022 to fund this roll-up strategy, and continues to acquire niche firms (e.g., Sebold Capital for business owners, Hogan-Knotts for East Coast reach, Napa Wealth for Northern California) to expand geographic coverage and vertical expertise.

Name

The Mather Group

Legal name

The Mather Group LLC

Website

https://themathergroup.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

101–250 employees

Short description

The Mather Group is a fee-only fiduciary registered investment advisor serving high-net-worth individuals and families with integrated financial planning, investment management, tax strategy, and estate planning services across 14+ U.S. locations, managing $17B+ in assets.

Ownership category

akta.pro rank

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices14 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. AUM-Based Advisory Fees: TMG generates revenue through fee-only, commission-free AUM-based advisory fees. As a fiduciary RIA, the firm charges transparent fees on assets under management without commissions or hidden costs. The Robinhood partnership involves sharing 25% of revenue generated from referred clients.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

The Mather Group (TMG) is a fee-only, fiduciary registered investment advisor that delivers integrated wealth management to affluent and ultra-affluent individuals and families. Its core offering combines four service pillars—financial planning, investment management, tax strategy and compliance, and estate planning—delivered through a team-based advisory model with in-house CPAs and tax professionals. The firm supplements these core services with specialized programs such as Women Forward and Legacy at TMG, an M&A platform for acquiring RIA firms, and expat services, operating across 14+ US locations with $17B+ in AUM.

Product overview

The Mather Group (TMG) offers a unified, full-service wealth management platform combining financial planning, investment management, tax strategy, and estate planning services. The core offering integrates these four service pillars through a team-based advisory model, supplemented by specialized services including Women Forward (targeted at women's unique financial needs), Legacy planning for generational wealth transfer, M&A advisory services for RIAs seeking to partner or sell, and expat services for internationally mobile clients. TMG operates as a fee-only fiduciary, providing commission-free guidance with transparent pricing. The firm also offers a free investment audit as a lead generation tool. All services are delivered through a network of over 100 expert advisors across 14+ nationwide locations.

Differentiator

Problem solved

Functional benefit

Brands

• TMG Legacy: Generational wealth management services division of The Mather Group focused on legacy planning and wealth transfer across generations.
• TMG Wealth
• Women Forward at TMG

Products and services

• Financial Planning Customized retirement planning strategies and comprehensive financial planning services that address client blind spots, align with unique financial goals, and include annual performance reviews. Targeted at high-net-worth individuals and families.
• Investment Management Expertly designed, low-cost, tailored portfolios matched to client risk tolerance, featuring annual reviews and tax-efficient withdrawal strategies for income or growth focus. Targeted at high-net-worth clients.
• Tax Strategy and Compliance In-house CPA and tax professional services delivering proactive, personalized tax solutions through cash flow modeling, detailed planning and preparation, tax-loss harvesting, and stock option optimization.
• Estate Planning Comprehensive estate plans developed in partnership with unaffiliated licensed estate planning attorneys to protect and extend legacy across generations by minimizing probate expenses and estate taxes.
• Women Forward at TMG Specialized wealth planning service for women navigating unique financial journeys, offering expertise for executive leadership, small business ownership, separation or divorce, and navigating loss.
• Legacy at TMG Generational wealth management services focused on preserving and transferring wealth across generations, addressing legacy planning and family wealth transitions.
• M&A for RIAs Acquisition and partnership services for registered investment advisors, offering succession planning, operational management, training, mentorship, career development, and growth support for RIAs joining TMG.
• Expat Services Financial planning services for expatriates providing customized, tax-efficient solutions for those living abroad, addressing unique challenges of managing finances in multiple jurisdictions.

Quantifiable outcome

• Grew from $150M AUM in 2011 to $17B+ AUM currently
• +1 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered strategic, core and minor.

• RobinhoodstrategicGTM or Marketing Partner · 1 May 2026The Mather Group signed an agreement to join Robinhood's Advisor Network referral program. Under the agreement, TMG will pay Robinhood 25% of revenue generated from clients referred through the network. The partnership reflects a growing trend of traditional RIAs seeking digital distribution through fintech platforms to reach underserved younger demographics.
• Sebold Capital ManagementcoreStrategic or Co-development Partner · 1 May 2026TMG acquired Sebold Capital Management, a Chicago-based advisory firm specializing in services for small business owners. The partnership aims to enhance TMG's capabilities in business owner financial planning including growth, transition, and liquidity planning.
• The Hogan-Knotts Financial GroupcoreStrategic or Co-development Partner · 9 January 2026TMG announced a partnership with The Hogan-Knotts Financial Group, a Red Bank, New Jersey-based RIA founded in 1979 with $300M+ in AUM and 60+ years of combined advisory expertise. Alaris Acquisitions served as M&A advisor. This expands TMG's presence on the East Coast.
• Napa Wealth ManagementcoreStrategic or Co-development Partner · 14 November 2025TMG announced a partnership with Napa Wealth Management to expand its presence in Northern California and enhance services for high-net-worth clients. Napa Wealth Management maintains its team and client-focused philosophy while joining TMG.
• Clear Perspectives Financial PlanningcoreStrategic or Co-development Partner · 23 May 2023TMG acquired Clear Perspectives Financial Planning, a Cincinnati-based RIA with approximately $360M in AUM. The acquired firm continues operating from its Cincinnati office as part of TMG.
• Multi-Fund ManagementminorStrategic or Co-development Partner · 2 June 2022TMG acquired Louisville-based Multi-Fund Management, expanding its presence in the Kentucky market. Limited additional details available.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Carson Group: National RIA serving HNW clients with a hybrid direct-to-consumer and partner-advisor model—including an active acquisition program comparable to TMG's roll-up strategy.
• Creative Planning: Large fee-only RIA serving HNW individuals with integrated financial planning, investment management, tax, and estate services—directly comparable to TMG's full-service fiduciary model and family-office style offering.
• Mariner Wealth Advisors: National fee-based RIA providing comprehensive wealth advisory to HNW clients with a focus on acquisitions and rapid organic growth—highly comparable headcount, AUM scale, and consolidation strategy.
• Focus Financial Partners: Public RIA roll-up platform serving HNW clients through partner firms—directly comparable in the RIA consolidation thesis, though structured as a partnership network rather than a single branded firm.
• Cerity Partners: Multi-disciplinary RIA serving HNW individuals, families, and institutions with integrated tax, investment, and estate services—comparable in offering breadth, team pedigree (TMG's CCO came from Cerity), and middle-market M&A activity.
• Mercer Advisors: National RIA providing comprehensive wealth management, tax, and estate planning to HNW households—an aggressive acquirer of smaller RIAs, directly comparable to TMG's consolidation approach.
• Savant Wealth Management: Fee-only RIA providing financial planning and investment management to HNW individuals and families—comparable service mix and acquisition-led growth strategy with regional/mid-market scale.
• Moneta Group: Fee-only RIA serving HNW families and business owners with integrated financial planning—similar scale, service specialization (business owners, women, retirees), and team-based delivery model.

Broad incumbents

• Edelman Financial Engines: One of the largest U.S. RIAs serving mass-affluent and HNW clients with planning-led wealth management—an incumbent scaled beyond TMG but operating in the same fee-only fiduciary category.
• RMG Capital / Rockefeller Capital Management: Multi-family office and RIA serving ultra-HNW households with concierge wealth management—a broader incumbent with overlapping service pillars (wealth, tax, estate) and similar high-touch clientele.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Customer concentration

• Facebookfacebook.com/TMGTheMatherGroup
• LinkedInlinkedin.com/company/themathergroup
• Instagraminstagram.com/officialtmgwealth
• Xx.com/themathergroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries11 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Mather Group