Resource Advisory Services is joining The Mather Group
By J. David Lewis
Exciting news! Resource Advisory Services and The Mather Group have agreed to merge operations, for substantial increases in financial planning and investment services available in Knoxville and East Tennessee. I founded our firm March 15, 1985 and moved to an office on May 1. Fee-only financial planning was extremely rare then. Like everything we do, Bryan Hankla CFP® and I feel enormous responsibility for making sure this merger serves our clients’ best interest in every way. I have felt this responsibility my entire 35 years in this profession. Bryan felt it when he joined me sixteen years ago. Understanding the responsibility earned him becoming my partner in April 2012. Feeling responsibility for clients has guided our path to this merger and Bryan’s leadership for our Knoxville office of TMG. There is more to money than money.®
In recent years, we have been aware of advanced client services our size simply did not permit us to provide. Last summer, we began exploring whether our responsibilities would be better served merging into a larger firm, with advanced capabilities. Early on, we understood how much the right merger could mean for all concerned, especially our clients. By mid-July, we were considering colleagues for cultural fit and resources to enrich client relationships we have enjoyed many years. The research project has been demanding – meeting firms and analyzing information from many sources. The number and caliber of firms interested in us is humbling.
We focused on The Mather Group several months ago. TMG is a family and employee-owned firm, headquartered in Chicago. Knoxville will be added to offices in Atlanta, Dallas, Houston, and San Francisco, plus other cities. We share business values of long-term investment philosophy, commitment to integrity, transparency and service excellence that have guided me from my beginning in financial planning. Like other National Association of Personal Financial Advisors (NAPFA) colleagues, comprehensive fee-only financial planning is TMG’s mainstay service. Our clients will continue to be served by the same people, with increased capabilities.
Bryan and our Knoxville team will be joining a staff of 68 employees, including 27 CFPs, 6 CFAs, 8 CPAs, 3 JDs and 5 MBAs. Within TMG, our Knoxville office will access these resources and more, when we advise on tax, estate planning, family wealth transfers, charitable giving and executive compensation decisions. Flexibility is important as well. TMG’s investment philosophy can maintain our current portfolios or carefully migrate them to a low-cost, tax-aware, passive management approach, replicating global market exposure. I was particularly impressed with the intellectual capabilities of the investment research people I met in Chicago. TMG also has well established brokerage relationships for resources from Schwab, Fidelity and TD Ameritrade. (For more click here.)
In addition to greater capabilities, TMG’s resources will extend our capacity for numbers of clients. We are excited to bring so much high-quality financial planning service to our clients and East Tennessee. Satisfying my responsibilities in this journey is extremely important to me. The effective date is expected to be May 29, 2020.