CHICAGO--(BUSINESS WIRE)--The Mather Group, LLC (TMG), a wealth management firm with 15 offices across the country and more than $11.7 billion in combined assets under management (AUM) and assets under advisement (AUA) as of 4/30/23, has announced its acquisition of Clear Perspectives Financial Planning, LLC (Clear Perspectives), a registered investment adviser (RIA) firm based in Cincinnati, OH.
In 2008, Clear Perspectives was co-founded by Carol Hoffman and Tim Grout, who had each spent many years in senior financial management roles at Procter & Gamble Company. They were inspired to establish their own independent, fee-only advisory firm based on the experiences of friends and family members who struggled to find trustworthy, cost-effective financial advice. Clear Perspectives had approximately $360 million in AUM as of 4/30/23.
Although Hoffman and Grout thrived as entrepreneurs in the dynamic and complex wealth management industry, they look forward to having more time to spend with clients as a result of the partnership with TMG. “Building our business has truly been a labor of love, especially because so many of our early clients were people that were already near and dear to us,” said Hoffman. “Over the years, through our commitment to providing caring, informed, and ethical guidance, we’ve developed close relationships with our growing network of clients. It’s been so rewarding, and that’s why I’m excited about being able to focus primarily on those relationships going forward.”
TMG’s tech-forward approach and robust operational infrastructure also added to the appeal of the partnership. “A larger firm simply has more resources to dedicate to staying ahead of the curve and investing in technologies that can promote efficiency,” added Grout. “We’ve been impressed with TMG’s focus on streamlining workflows and automating certain processes, which can really enhance team collaboration, reduce errors, and ultimately, improve the client experience.”
The Clear Perspectives team will continue to operate out of its Cincinnati office as it becomes TMG’s first brick-and-mortar location in Ohio. “We have so much respect for Carol, Tim, and the strong team they’ve built over the past 15 years,” said TMG CEO Chris Behrens. “They are embedded in the Cincinnati community, and that’s an important element of our strategy as we strive to become a leading national boutique firm. There’s an immediate connection when employees and clients call the same town home.”
TMG has been recognized by a variety of business and financial publications for its growth and standing in the industry. The firm was #49 on Barron’s 2022 list of Top 100 RIA Firms and ranked #22 on both Financial Advisor’s 2022 Top 50 Fastest-Growing Firms and Crain’s Chicago Business 2022 Fast 50. TMG has also been among the Best Places to Work in Money Management, as announced by Pensions & Investments (P&I), for two consecutive years.
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.
ABOUT TMG
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. (Registration with the SEC as an investment adviser does not, in and of itself, imply a certain level of risk or training.) Headquartered in Chicago, TMG also has offices in and around Atlanta, GA; Austin, TX; Dallas, TX; Houston, TX; Knoxville, TN; Morristown, NJ; Nashville, TN; Portland, OR; San Francisco, CA; Seattle, WA; Tampa, FL; and Washington, DC. Visit us at www.themathergroup.com.
Rankings are based on voluntary, non-fee-paying surveys and are not a testimony of TMG clients’ experiences. 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.
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