The Mather Group, LLC

CRD#156005
Investment Advisor Firm

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Overview

The Mather Group, LLC is located at 353 N. Clark Street, Chicago, IL. The firm employs 81 financial advisors to manage client portfolios and provide financial guidance. The Mather Group, LLC is not a registered broker-dealer.

The Mather Group, LLC oversees $10.5 billion in assets under management across 15,974 accounts, of which 13,029 are discretionary and 2,945 are non-discretionary. Over the past year, the firm has provided financial planning services to 4,000 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, selection of other advisers, publication of newsletters, and educational seminars. The firm caters to retail investors, high net worth investors, pension plans, and charitable organizations, with high net worth investors being the largest client type by accounts. The fee structure at The Mather Group, LLC includes asset-based, hourly, fixed, and other fees. The firm has 2,379 high net worth clients.

The Mather Group, LLC is registered in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

Assets Under Management

$10.5 billion

Number of Advisors

81

Disclosures

No

Office Location

353 N. Clark Street
Chicago, IL 60654

The Mather Group, LLC by the Numbers

Total Assets Under Management

$10.5 billion

National Average: $8.6 billion
Total Number of Employees

163

National Average: 64
Total Number of Accounts

15,974

National Average: 375,227
Average Account Size

$657.9 thousand

National Average: $23.0 thousand
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Products and Services

The Mather Group, LLC provides a variety of financial services, including financial planning services, portfolio management for individuals and small businesses, selection of other advisers, publication of newsletters, and educational seminars. In the last fiscal year, The Mather Group, LLC provided 4000 of its accounts with financial planning services. The Company is involved in selling products or offering services different than investment advisory services to its clients.

Core Advisor Services

  • Offered by 31% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 46% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

  • Find a firm that offers this service

    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 20% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

  • Offered by 3% of firms

    Publication of Periodicals

    This is the publication of various financial education materials.

  • Offered by 6% of firms

    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Fees for financial management largely vary depending on the services offered. Fees charged by The Mather Group, LLC likely include some combination of the following fee structures: asset-based, hourly, fixed, or other.

Available

  • Offered by 69% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 21% of firms

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Offered by 32% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Offered by 10% of firms

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

Unavailable

  • Find one of the 1% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 26% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 0% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

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Types of Clients

The firm provides services to retail investors, high net worth investors, pension plans, and charitable organizations. Out of its 4 clients, The Mather Group, LLC's biggest client type by number of accounts is high net worth investors, though it also caters to 2379 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 in AUM or a net worth of more than $1,50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments).

  • High-Net-Worth Individuals* - 56.04%
  • Other Individuals - 43.82%
  • Corporations - 0.09%
  • Charitable Organizations - 0.05%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

The Mather Group, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at The Mather Group, LLC

Ben Petrie
Chicago, IL
Robert Bartlett
Cincinnati, OH
Cody Dunifon
Chicago, IL
Lucas Veldhuis
Houston, TX
Ryan Quinn
Chicago, IL
Brian Taylor
Chicago, IL
Mauricio Cortes Resendiz
Brentwood, TN
Abigail Hasling
Lafayette, CA
Kelly Carpenter
Chicago, IL

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The content in this profile was updated by SmartAsset on 6/19/2024. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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