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About SRG

Succession Resource Group is a boutique succession consulting firm based in the Pacific Northwest, serving clients across the country. SRG was founded by David Grau Jr., MBA in 2012 after nearly a decade of helping advisors with valuation and succession planning. SRG's team of experts leverage their industry expertise, combined with best-in-class resources, to help advisors, agents, and accountants manage the equity in their businesses...

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1 min read

SRG Closes Berman Investment Advisors Deal with The Mather Group

Nov 30, 2018 8:00:23 AM

Portland, Ore. (Nov. 30, 2018) - Succession Resource Group (SRG) is excited to announce the sale of their client Steve Berman of Berman Investment Advisors (Berman) to The Mather Group (TMG) who was recently listed on InvestmentNews Top 25 Fastest Growing $1 Billion+ RIAs list and Barron’s Top 100 Independent Advisor list.

SRG began working on behalf of Berman in late 2017 to find qualified buyers capable of acquiring a firm as unique as Berman’s – a San Francisco Bay Area based RIA. There was an immense amount of interest in Berman’s practice, but after reviewing more than 160 interested buyers, SRG narrowed the field of interested parties to 10 buyers that could afford a practice of this size and met the requirements necessary to takeover and continue Berman’s legacy.

After reviewing offers from the three best candidates, Berman (with the guidance and expertise of SRG) selected TMG in Q3, accepted their offer and began due diligence. Effective the beginning of Q4 2018, TMG closed the transaction with Berman.

According to Erik Pahlow, Vice President and Kristen Grau, CPA, CVA, Vice President of SRG who worked with Berman on this sale, Berman’s practice represented a tremendous opportunity for any buyer. “We’ve helped facilitate hundreds of deals over the last decade, and Berman’s practice was a ‘unicorn,’ but it was priced accordingly,” said David Grau Jr., President of SRG.

This transaction marks the 48th sale completed by SRG year to date, for a total of $8.3 billion in assets under management transferred. Deal volume has remained strong in 2018 and is looking to outpace the deal volume in 2017.

About Succession Resource Group

Succession Resource Group, Inc. is a succession consulting firm specialized in helping financial professionals value, protect, merge/acquire, and develop exit strategies for their business. With decades of combined industry experience, SRG possesses a unique combination of skills, resources and expertise to help advisors understand the value of their business, develop strategies to improve that value, protect it with comprehensive contingency and succession plans, and grow through acquisition.

For more information on Succession Resource Group, visit https://www.successionresource.com

Contact:

David Pan – PR & Marketing Coordinator
Phone: (503) 683-8959
Email: david.pan@successionresourcegroup.com

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David Pan

Written by David Pan

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