CHICAGO, October 03, 2022--(BUSINESS WIRE)--The Mather Group, LLC (TMG), a wealth management firm with 13 offices across the country and more than $8.4 billion in assets under management (AUM, as of 8/31/22), has announced its acquisition of Cedar Financial Advisors, LLC (Cedar), a registered investment adviser (RIA) firm based in Beaverton, OR.
Cedar was founded in 2007 by Tim Kober and merged practices with Peggy Kessinger in 2011, retaining the Cedar name. The firm had approximately $107 million in AUM as of 8/31/22. Kober, Kessinger, and their third team member Suzanne Bick have all joined TMG. "In our search for a strategic partner, a primary goal was to ensure the partnership would benefit our clients," said Kessinger. "We will continue to work directly with them, managing the relationships we have developed over the years, but as part of TMG, we now have an army of colleagues behind us. That translates to more experience, greater accessibility, and a broader range of solutions that we can bring to the table as we help clients manage life transitions like retirement."
Kober added, "Another important benefit the bigger team brings is long-term sustainability, given that Peggy and I will eventually be preparing for our own retirements. TMG has many advisors with decades of runway in their careers, and the firm is constantly training and developing the next generation. So, we now have a succession plan, giving our clients confidence that their financial futures will be in good hands."
The Portland-area office adds another new market for TMG, which has also established brick-and-mortar locations in and around Seattle, San Francisco, and Nashville just within the past year. The firm’s geographic expansion plans center on having advisors that live and work in the same communities as their clients, while leveraging the strength and capabilities of the national team.
"We’re passionate about growth because we know many, many households across the country could benefit from our integrated planning, tax, and investment services," said TMG CEO Chris Behrens. "But people can be overwhelmed trying to both distinguish between their options for wealth management and assess what they’re really getting for their fees. So, we aim for clarity and complete transparency, using real data to quantify the impact we can have on their bottom line."
TMG was recently ranked #49 on Barron’s 2022 list of Top 100 RIA Firms, rising 31 spots from its first appearance on the list in 2020. Rankings are based on Barron’s proprietary methodology, which includes various factors related to assets under management, revenue, and the quality of the firm’s practice.
The firm 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. Investment recommendations are not tied to commissions. Clients pay for the firm's experienced advice on a fee-only basis, typically as a percentage of assets under management. This approach helps align the interests of the firm with the client.
Headquartered in Chicago with offices in Atlanta, Austin, Dallas, Houston, Knoxville, Morristown (NJ), Nashville Area, San Francisco Bay Area, Seattle Area, Spring (TX), and Washington, DC Area, TMG is a fee-only fiduciary firm serving primarily high-net-worth individuals. TMG’s professionals aim to simplify clients’ lives by providing a comprehensive suite of services under one roof. TMG is a federally registered investment adviser under the Investment Advisers Act of 1940, as amended, providing discretionary and non-discretionary investment advice to clients. Visit us at www.themathergroup.com.
Rankings are based on voluntary, non-fee-paying surveys. Each organization establishes its own criteria for inclusion. Information is accurate as of the date of this press release, and no obligation nor intention to make updates or corrections exist. Visit the TMG website for more information regarding its awards and recognition.
TMG is not affiliated with and does not endorse, authorize, sponsor, verify, or monitor third-party websites and we are not responsible or liable for the content of any website, or the collection or use of information regarding any website's users and/or members.
View source version on businesswire.com: https://www.businesswire.com/news/home/20221003005217/en/
MEDIA CONTACT: Kate Demet | firstname.lastname@example.org