The Mather Group is a fee-only financial advisory firm with more than $4 billion in assets under management (AUM). It specializes in financial planning, portfolio management and retirement plan consulting services.
The Mather Group Background
The Mather Group first began offering its services in 2009. Based in Chicago, the firm is owned by Mather Group Holdings, Inc. and Mather Holdings, LLC. One of its main goals is to help its clients retire comfortably.
What Types of Clients Does The Mather Group Accept?
The Mather Group works with the following types of clients:
- Individuals who are and aren’t high net worth
- Trusts and estates
- Charitable organizations
- Defined contribution (DC) and defined benefit (DB) plans
The Mather Group Minimum Account Size
The Mather Group generally requires a minimum account size of $1 million for financial planning and portfolio management services. However, the firm may reduce or waive this minimum at its discretion.
Services Offered by The Mather Group
The Mather Group offers combined financial planning and portfolio management and family office services.
The firm delivers its financial planning and portfolio management services as a combined package in order to assist clients with all aspects of their financial lives. Depending on client needs, this package can address some or all of the following:
- Retirement savings
- Estate planning
- Investment management
- Education funding
The Mather Group usually meets with clients in order to get a grasp of their investment goals, risk tolerance and other factors. It uses this information to customize and construct diversified portfolios.
Additionally, the Mather Group can support 401(k) plan sponsors and other organizations that oversee a benefits plan under the Employee Retirement Income and Security Act (ERISA). The firm can provide these plans with advice around several components such as investment options, plan design and participant education.
The Mather Group Investment Philosophy
Mather Group advisors may build investment portfolios with exchange-traded funds (ETFs), stocks, bonds and other securities. But the advisor would determine an asset allocation based on the client’s unique circumstances and needs.
Generally, the firm invests clients’ cash allocation in money market funds, FDIC-insured certificates of deposit (CDs) and high-grade commercial paper and/or government backed debt instruments.
When examining securities, the Mather Group may apply different research strategies such as fundamental analysis. This involves examining a company's financial records and other data in order to make predictions about its future performance and financial status. The firm uses this info to determine investment decisions.
Fees Under The Mather Group
The Mather Group typically charges fees based on a percentage of the client's AUM, ranging from an annualized 0.08% to 2.00%. (The firm does not make its fee schedules public). The Mather Group bills these fees quarterly and in advance, based on the value of your account on the last day of the previous quarter.
These are advisory fees paid to the firm. They do not cover other charges associated with your account, including custodial fees and expenses related to the management of the underlying funds in your portfolio. Clients should refer to publicly accessible fund prospectuses and fee-related documentation that The Mather Group provides.
Fees charged to plan sponsors vary based on the complexity of the services provided. However, the firm’s maximum annualized fee for these services currently stands at 0.30% of AUM.
Family office fees are charged on a case-by-case basis.
What to Watch Out For
If The Mather Group recommends rolling over an employer-sponsored retirement plan to an IRA that it would then manage, this presents a conflict of interest, since the firm’s management fee is asset-based. That said, the firm would make the recommendation only after considering a number of factors, including the plan’s investment options and costs. Also, the firm is bound by its fiduciary duty to put your interests before its own at all times. What’s more, you are under no obligation to follow the advice.
As of the time of this writing, The Mather Group has no legal or disciplinary events to report. For the latest details, you can find the firm’s Form ADV brochure on the official website of the Securities and Exchange Commission (SEC).
Opening an Account With The Mather Group
To open an account with The Mather Group, visit its website at https://www.themathergroup.com/ or call the firm at (630) 537-1080.
Where Is The Mather Group Located?
The Mather Group is located at 353 N. Clark Street, Suite 2775, Chicago, Illinois 60654
Tips for Finding the Right Financial Advisor
- Explore your options before deciding on one. Not all advisors are the same. SmartAsset’s financial advisor matching tool will connect you with up to three local advisors vetted by us. The tool also gives you access to in-depth advisor profiles for easy comparing and contrasting of their qualifications.
- Ask if they are fiduciaries. While advisors who are must put their clients’ interests first, those who aren’t only have to provide suitable recommendations. For more good things to know, check out our five questions to ask when choosing a financial advisor.
All information was accurate as of the writing of this article.