RIA moves: The Mather Group expands in New Jersey with $300M planning firm

At the end of a relatively busy first week of RIA dealmaking for 2026, The Mather Group expanded its East Coast presence with a new partnership in New Jersey, while Prospera and Concurrent announced deals of their own in Vermont and Texas.

Mather Group picks up $300M New Jersey planning firm

The Mather Group has struck a partnership with The Hogan-Knotts Financial Group, extending the Chicago-based RIA’s reach on the East Coast and adding a planning-led team in Red Bank, New Jersey, with more than $300 million in assets under management.

Hogan-Knotts, founded in 1979, works with a relatively concentrated roster of individuals, multi-generational families and businesses with increasingly complex planning needs. The firm emphasizes independence and what it calls objective, client-first advice without product bias, lining up with The Mather Group’s planning-driven model. The Mather Group oversees about $14 billion in assets.

TMG CEO Jennifer des Groseilliers highlighted how the firms' "values and approach were deeply aligned,” with both seeing client service as rooted in “integrity first, openness always, and advocacy at the center.” She framed the deal as a way to deepen long-term support for clients.

Robert Hogan and Timothy Knotts, the New Jersy firm's eponymous co-founders, each bring more than 30 years of advisory experience and will continue to lead planning relationships.

Hogan said the move is meant to keep the practice in sync with rising expectations for comprehensive planning as it grows with clients.

“Our focus has always been on building a firm that can grow alongside our clients’ needs,” he said, adding that the new affiliation should expand capabilities and resources while preserving a personalized experience.

TMG previously expanded in the West Coast in November with the addition of Napa Wealth Management, a $300 million planning firm in Northern California.

Prospera adds Vermont team as it builds out New England footprint

Prospera Financial Services has added Harm & Harm Financial Consulting Group, a Williston, Vermont-based team with roughly $250 million in total client assets.

The deal marks its first affiliated practice in the state and pushing deeper into New England.

Harm & Harm is led by John J. Harm III and markets an intentional, holistic, dialogue-based planning process it calls the Four Cornerstones of Wealth Management.

The team joins Prospera’s national network of independent advisors, plugging into a platform the firm says is defined by a 2.5-to-1 advisor-to-home-office ratio and $28 billion in AUM.

“At the heart of our client service philosophy is a commitment to truly understanding each client's individual goals and adapting our strategies to meet their evolving needs,” Harm said, adding that he sees Prospera as “the right home for our team and clients.”

Concurrent takes minority stakes in two Texas RIAs through capital program

Concurrent Investment Advisors has closed a minority investment in two Texas firms, Capital Ideas in Dallas and Bearing Financial Advisors in Austin. Both operate under the holding company Alpha Capital Dallas and together manage $385 million in assets.

For the past four years, Alpha Capital Dallas partners Andrew Kerai, James Jacobson and Karen Burns have used an institutional-style investment approach as part of a broader succession strategy aimed at continuity and client outcomes. Concurrent’s capital gives the firms access to growth capital and operational resources while they retain control and continue to serve clients in distinct ways.

The deal is part of Concurrent’s RIA Capital Partners program launched last June, which has invested in five firms so far across markets including Texas and Washington. The program is pitched to RIAs that want capital and consulting support without giving up independence or their own ADV.

Joe Mooney, head of business development at Concurrent, said the firm aims to provide “a community where clients come first, autonomy takes priority, and mutual benefits make us partners rather than consolidators,” and that the capital initiative is designed to combine funding and strategic consulting to promote advisor independence.