The Mather Group Acquires Semita Asset Management
August 4, 2022
The Mather Group (TMG), a Chicago-based wealth management firm with roughly $7.5 billion AUM, has acquired Houston-based Semita Asset Management LLC, a registered investment adviser with about $71 million in AUM. Semita CEO Michael Meagher and Director of Financial Planning Justin Reede joined TMG as part of the transaction, which expands TMG's advisory capabilities and high-net-worth client coverage.
- Buyers
- The Mather Group, LLC (TMG)
- Targets
- Semita Asset Management LLC
- Industry
- Wealth Management
- Location
- Texas, United States
- Transaction Type
- Buyout
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