Cemita

The Mather Group Acquires Houston Firm, Semita Asset Management

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Thursday, August 4, 2022
Personal Finance, Asset Management, Professional Services, Finance, RIA, TMG, Growth, Pickands Mather Group, Investment Advisers Act of 1940, LLC, AUM, Acquisition, Character, Risk assessment, Finance, Intention, Financial adviser, Cemita, Washington metropolitan area

The Mather Group, LLC (TMG), a wealth management firm with 12 offices across the country and more than $7.5 billion in assets under management (AUM, as of 6/30/22), has announced its acquisition of Semita Asset Management LLC (Semita), a registered investment adviser (RIA) firm based in Houston.

Key Points: 
  • The Mather Group, LLC (TMG), a wealth management firm with 12 offices across the country and more than $7.5 billion in assets under management (AUM, as of 6/30/22), has announced its acquisition of Semita Asset Management LLC (Semita), a registered investment adviser (RIA) firm based in Houston.
  • Founded in 2015 with approximately $71 million 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.
  • First and foremost, TMGs business model offers clients access to more value-added, in-house services such as tax management and estate planning guidance, said Meagher.