The Mather Group Lands Fourth Bay Area-Based RIA
The Mather Group, a Chicago-based registered investment advisor with $14 billion under management and advisement, has acquired a $200 million AUM RIA in Walnut Creek, Calif.—Mather’s fourth in the San Francisco Bay area.
The acquisition of Pillar Wealth Management Inc. expands Mather’s regional footprint in serving high-net-worth and ultra-high-net-worth individuals and families. Pillar’s Hutch Ashoo and Chris Synder work focuses on investment management, retirement planning, tax strategies and estate planning.
Pillar, which will take on the Mather brand name, is the RIA’s 21st deal since 2018, but its first since May 2023. Mather has private equity backing from The Vistria Group.
Dynasty Network Firm Great Diamond Brings on $125M Wealth Advisor
Great Diamond Partners, a Portland, Maine Dynasty Network RIA, has brought on the $125 million AUM firm of Stephen Poulos, who will be a senior financial advisor.
Poulos joins Great Diamond from HeadInvest, a roughly $970 million RIA also based in Portland, according to its latest Form ADV.
His addition could potentially boost Great Diamond’s AUM to $765 million from its current $640 million, the firm said in an announcement. He will focus on financial planning, investment strategy and tax-focused advisory work.
Great Diamond also noted it has hired portfolio manager Mark Doehla, formerly with Portland-based advisory H.M. Payson.
The Dynasty Network consists of independent RIAs with access to Dynasty Financial Partners’ wealth management platform and operational support.
Aspiriant Names Six New Partners Across Los Angeles and Silicon Valley Offices
Aspiriant, a Los Angeles-based wealth firm with $15 billion in client assets, has added six new partners to its employee-owned business.
The move to add additional partners means that one-third of the firm’s 230 employees now own a stake in the RIA.
The six new partners are:
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Chris Kazmer, director in wealth management;
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Mike King, director in wealth management;
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Mike Lavalle, general counsel;
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Rachel Lee, director in strategic planning;
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Daniel Moas, senior manager in wealth management;
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Lina Sanchez, senior manager in wealth management
Aspiriant operates out of Los Angeles, San Francisco, Silicon Valley, San Diego, Orange County, New York, Minneapolis, Milwaukee, Cincinnati and Austin.
QTR Family Wealth Announces $1.8B RIA
QTR Family Wealth has officially announced its move out of Bison Wealth to become an independent RIA run by Wes and Chad Hunter, managing $1.8 billion in client assets.
The Hunter brothers operated as a team under Bison Wealth, the RIA division of Bison Holdings, before leaving in August 2024 under a different name, as initially reported by WealthManagement.com. The brothers had joined Bison from Merrill Lynch in May 2022.
QTR, based in Orlando, is focused on financial planning, private market investments and tax optimization. Chad is the CEO and managing partner, and Wes is the co-founder and partner.
“True wealth is measured in time well spent,” Wes Hunter said in a statement. “That’s the essence of QTR: your Quality Time Remaining.”
LPL’s Momentum Poaches $850M Beacon Financial from Cetera
LPL Financial’s Momentum Wealth Partners has snagged an $850 million Toledo, Ohio-based advisory from Cetera.
Beacon Financial, led by principal owner and CEO Greg Kopan, has joined LPL’s broker/dealer, RIA and custodial platform, via Momentum, which is based in Mount Laurel, N.J. Kopan, who founded the firm in 1997, will be joined by his team of nine advisors.
Beacon made the move after 10 months of research and due diligence.
Kopan said in a statement that LPL stood out for its strategic succession planning team, its “integrated and streamlined technology” that includes a single sign-on for older clients, its cybersecurity focus and $500 million in investments to bolster security.
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