RIA M&A Case Study: High Growth Regional Firm Begins Transformation into National RIA

Park Sutton Advisors represents The Mather Group on its acquisition of $1 billion AUM Northern California RIA

New York, NY – October 5, 2018 – Park Sutton Advisors, LLC (“Park Sutton Advisors”) is pleased to have advised The Mather Group, LLC (TMG), on its acquisition of Steven M. Berman Investment Advisors, a multi-family office based in northern California, with over $1 billion in ultra high net worth assets under management. Routinely named one of the Top 50 Fastest Growing RIAs, TMG is a leading, fee-only, nationally-recognized Registered Investment Advisor (“RIA”) with approximately $1.8 billion in assets under management.

“Both Barron’s and the Financial Times have named The Mather Group to their top adviser lists for each of the past two years.  We are delighted to have worked with TMG as it embarks on this next phase of growth, most especially as they diversify both geographically and into the ultra high net worth market,” said Steven Levitt, Park Sutton Founder.  “As more and more independent RIAs are recognizing the benefits of combining to leverage scale and resources to capture higher growth, we believe firms like TMG, who offer best in class advice and products for the sophisticated client, if positioned effectively, can differentiate themselves as a preferred acquirer.”

“Marking PSA’s 7th transaction year to date, we continue to see a strong pace of consolidation within the RIA space as firms seek to expand the breadth of their services and capabilities,” said Annie Tronoski, Park Sutton Managing Director. “Shifting demographics and aging of advisors are providing a further boost to deal activity, while expanding multiples combined with the heights of financial markets highlight the importance of beneficial terms for both buyers and sellers. This is more important than ever in the context of RIA to RIA mergers and acquisitions making sustainable transaction structures critical to foster collaboration between newly combined entities beyond the immediate time horizon.”


About Park Sutton Advisors

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.

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