The Mather Group Acquires Houston Firm, Semita Asset Management.

MANews-(C)2009-2022

US-based wealth management firm The Mather Group, LLC has acquired Houston, US-based registered investment adviser firm Semita Asset Management LLC, the firm said.

Founded in 2015 with approximately USD 71m in AUM as of 6/30/22, Semita has focused on providing investment management and financial planning services to high-net-worth individuals.

Semita CEO and Chief Investment officer Michael Meagher and director of Financial Planning Justin Reede have both joined TMG as part of the acquisition.

TMG was recently ranked #22 on Financial Advisor magazine's Top 50 Fastest Growing Firms, which ranked RIA firms based on their percentage growth in assets from 2020 to 2021.

In that time, TMG's AUM grew by more than 58%--and its headcount grew by 66% to help maintain and enhance the high level of service TMG aims to deliver via its national boutique model.

The firm offers a comprehensive range of in-house services, including financial planning, tax...

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