The latest mergers, acquisitions and other corporate actions in the wealth management sector.

The Mather Group
The Mather Group (TMG), a $17 billion wealth management firm, is partnering with Sebold Capital Management, a Chicago-based business advisory firm.

The partnership will strengthen TMG’s ability to serve business owners by adding specialized expertise, TMG said in a statement late last week. 

Sebold Capital Management will integrate into The Mather Group.

“Our clients are not facing one decision at a time. They are making interconnected decisions that shape their financial future,” Jennifer des Groseilliers, CEO of The Mather Group, said.

Sebold Capital Management was founded in 1998 by Sean Sebold and Kelly Sebold. 

FP Transitions, an M&A advisory firm specializing exclusively in the wealth management industry, acted as the advisor for this transaction, the financial terms of which were not disclosed.

TMG has 13 offices nationwide. 

Raymond James 
Raymond James has completed its acquisition of Clark Capital Management Group. The acquired firm specializes in wealth-focused solutions. The transaction was first announced in January this year.

Clark Capital will continue to maintain its brand and become an independent boutique investment manager within Raymond James Investment Management, a division of Raymond James Financial, Inc. The firm will also maintain its existing leadership team under Clark Capital CEO Brendan Clark, as well as its investment philosophy and service model.

Founded in 1986, Clark Capital provides custom multi-asset-class solutions, proprietary model portfolios, and ’40 Act mutual funds to financial advisors and their clients. It is joining six investment managers within the Raymond James Investment Management global multi-boutique structure.