The Mather Group, a wealth management firm with six offices across the nation and over $8 billion in assets under advisement, has reached a deal to acquire Daniel Advisors. The Atlanta-based fiduciary-only firm has $110 million in assets under management. Daniel Advisors is a comprehensive wealth management practice, providing corporate executives with financial planning, portfolio management and tax compliance services.
“We’ve sat down with many potential buyers over the years,” Daniel Advisors Founder Gregory Sloan, CFP said in a statement. “What differentiated TMG was that they have the mature tax infrastructure for executive clients, in addition to the scale to deliver best-in-class technology—but are committed to remaining a boutique firm. This commitment preserves the strong personal relationships and authentic culture we enjoy as a small business. We had no desire to join one of the Mega RIAs."
The deal closes within two months of TMG’s last transaction, the acquisition of RPH Financial Services, a fiduciary-only firm with $168 million in assets under management located in northeastern Pennsylvania.