The strategic partnership opens new private
investment opportunities for investors in the Columbus, Georgia market
COLUMBUS, Ga., April 30,
2024 /PRNewswire/ -- The Money Advisor Group, LLC
("TMAG"), a Registered Investment Advisor (RIA) specializing
in investment management and retirement planning, has signed a deal
to be acquired by Atlanta-based
RIA, BIP Wealth through its new BIP Alliance initiative.
Recently named on wealthmanagement.com's RIA Edge 100, as well as
the top 3 on the Atlanta Business Chronicle's 2023 Best Places to
Work list for medium-sized companies, BIP Wealth provides
investment management and sophisticated planning solutions for
high-net-worth individuals and families, institutional clients, and
corporate retirement plans. Through this strategic acquisition,
TMAG clients and new investors in West Central Georgia,
East Alabama, and the surrounding
region will gain expanded access to BIP's top-tier wealth
management platform, including its private market investment
solutions and advanced planning capabilities.
TMAG was founded in 2001 by Tim
Money with the mission to provide individual and corporate
clients with unbiased financial advisory services, including
retirement planning and comprehensive wealth management. The
partnership between TMAG and BIP strategically unites two firms
that share a people-first approach and service ethos to clients and
their local communities.
"From the beginning, our focus has been on taking care of our
beloved clients and team members," said Money. "Our
longstanding commitment to serving our clients in every way
possible has been and continues to be our primary mission, even as
we discussed how a partnership with BIP Wealth would take
shape. Our earliest discussions made it clear that BIP
aligns with our values and priorities."
The partnership between TMAG and BIP represents a unique
opportunity for team members of both teams to build on their
already impressive capabilities. TMAG team members will gain access
to private market investment solutions, augmented planning
capabilities and a client acquisition and service engine that has
produced industry-leading client growth and retention. For BIP,
acquiring TMAG initiates a growth strategy focused on building
value through partnering with established and respected firms.
"The TMAG acquisition will enable BIP to extend our unique
value proposition in partnership with people who share our
values," said Bill Harris, CEO
of BIP Wealth. "BIP is thrilled to broaden our reach into
the Columbus area and surrounding
markets with Tim and his impressive team. They bring a shared
commitment to excellence and lifetime service to their clients, and
we are happy to welcome them to the BIP
family."
"We have decades of experience connecting our clients –
particularly families and individual investors – to the best and
most innovative segments of the American Economy. Our unique
investment platform enables clients to earn significantly higher
risk-adjusted returns through a sophisticated portfolio management
and planning process," said Mark
Buffington, CEO of BIP Capital and Co-founder of BIP Wealth.
"Simply put, very few investment advisors are capable of
delivering the same quality of investment solutions to their
clients and we are honored to extend those capabilities to Tim and
his team."
The acquisition of The Money Advisor Group, which closes on
May 22, 2024, increases BIP's assets
under management (AUM) to over $3.3
billion. Tim will remain in the role of President of The
Money Advisor Group, and the entire TMAG team will become part of
BIP.
BIP Wealth maintains offices in Atlanta, Alpharetta, Nashville, and now Columbus, GA, while serving clients across the
country.
About BIP Wealth
BIP Wealth is a leading registered
investment advisory (RIA) firm with over $3
billion in assets under management (as of 4/1/2024), which
include high-net-worth individuals and families. BIP Wealth is a
wealth creation engine that integrates financial planning with
public market investing and private market opportunities. Founded
in 2007, BIP Wealth operates in Atlanta & Alpharetta, Georgia; Nashville, Tennessee; and now Columbus, GA. Find more information about BIP
Wealth on LinkedIn, Facebook, Instagram @bipwealth and at
bipwealth.com.
About BIP Capital
BIP Capital is recognized as one of
the most active Venture Capital firms in the Southeast, serving
entrepreneurs, investors, and operators to grow the emerging
company ecosystem in their geographic area. BIP Capital applies
experience and process to make both investment decisions and
operational recommendations, allowing their portfolio companies to
get and stay on a glide path of growth.
About The Money Advisor Group
The Money Advisor Group
is a registered investment advisory (RIA) firm with over
$300 million in assets under
management (AUM) for its clients (as of 4/1/2024), which
specializes in investment management and retirement planning.
Established in 2001 and led by President and Chief Investment
Officer Tim Money, the Money Advisor
Group serves families and small businesses in Georgia, Alabama, Florida and twelve other states across the
country.
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SOURCE BIP Wealth