Park Sutton Advises $8bn+ Chicago-Based Wealth Manager
New York, NY, April 7, 2022 – Park Sutton Advisors is pleased to have represented The Mather Group, LLC (“TMG”) on its strategic partnership with The Vistria Group, LP. (“Vistria”), a next-generation private investment firm. TMG, headquartered in Chicago, Illinois, is a leading wealth manager that brings over $8 billion in assets under management and immeasurable talent to Vistria. TMG has been ranked as a Barron’s Top 100 RIA in the U.S. each of the last 4 years and is consistently one of the fastest-growing RIAs. Terms of the transaction were not disclosed.
Chris Behrens, CEO of TMG, highlights, “this partnership supports our vision of being a national boutique while continuing to enhance the client experience. The Vistria Group shares the same business values, investment philosophy and commitment to integrity, transparency and high touch service that has been the core foundation of TMG.”
“We are thrilled to establish a partnership with Chris and the TMG team. Their reputation in the industry and among clients is unparalleled, and we know there is great opportunity to continue the company’s growth trajectory,” said Mike Castleforte, Partner & Co-Head of Financial Services at Vistria.
The transaction was co-led by Steven Levitt, Dan Erichson, and John Eubanks of Park Sutton Advisors. Steven Levitt, Managing Director and Founder, said, “I met Stewart Mather and the TMG team over a decade ago as they left Morgan Stanley and have truly valued our long-term relationship, including advising them on their first two acquisitions in 2018. TMG had excellent options and Park Sutton is thrilled to have helped them find their partner of choice, a group that will support the current management team and assist them to further accelerate their robust growth, both organic and inorganic. We congratulate the team on their success and look forward to what TMG and Vistria can accomplish together.”