Park Sutton Advisors Represents The Mather Group on Acquisition as AUA Climbs to $7 billion
New York, NY – February 21, 2019 – Park Sutton Advisors, LLC (“Park Sutton Advisors”) is pleased to have served as exclusive financial advisor to The Mather Group, LLC (TMG), on its acquisition of Astraeus Advisers, a multi-family office located in Park Ridge, IL, with more than $1 billion in assets under management. 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. TMG is a leading, fee-only, Chicago-based wealth management firm with over $7 billion in assets under advisement.
TMG Founding Partner Stewart Mather said, “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.” Chris Yanella, President and Founder of Astraeus Advisers added, “Very few multifamily offices provide comprehensive, technology-driven services like The Mather Group…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 team.”
“We were delighted to work again with The Mather Group as it continues to transform into a national multi-service RIA,” said Steven Levitt, Park Sutton Founder. “Dynamic industry leaders like TMG seek to broaden their service offerings while diversifying their client bases and they are doing so through thoughtful strategic combinations,” he continued. Annie Tronoski, Park Sutton Managing Director added, “M&A activity in the RIA space continues to occur at a robust pace and forward thinking acquirors like TMG can differentiate themselves by structuring compelling deals even for younger sellers. Custom structures that prompt sellers to take some chips off the table now while also sharing in the significant future upside that results from the aggregate are persuasive and powerful as they align incentives for all involved. We wish the best for TMG and Astraeus in their combination.”
Park Sutton Advisors | Investment Banking Boutique
Park Sutton Advisors is a leading investment banking boutique specializing in the financial services industry. With over 70 years of aggregate experience, our senior team has worked in many facets of the financial services industry, including investment banking, asset management and mutual funds, insurance, equity research and funds evaluation. Park Sutton’s advisory services encompass mergers and acquisitions, divestitures, strategic alliances, joint ventures, capital raises, valuations, fairness opinions, succession planning, expert witness testimony, and other strategic consulting projects. Our clients consist of traditional and alternative asset managers, wealth managers, banks, insurance companies, broker-dealers, fund administrators, and other related financial services businesses. For more information, please visit www.parksuttonadvisors.com or contact us.