The Money Advisor Group, LLC (TMAG), a Registered Investment Advisor (RIA) specializing in investment management and retirement planning, announced it had signed a deal to be acquired by Atlanta-based RIA, BIP Wealth, through its new BIP Alliance initiative. BIP Wealth offers 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 areas will gain expanded access to BIP’s top-tier wealth management platform, including its private market investment solutions and advanced planning capabilities.
The partnership between TMAG and BIP represents an opportunity for team members to build on their impressive capabilities. The TMAG team members will gain access to private market investment solutions, supporting planning capabilities, and a client acquisition and service engine that produces notable client growth and retention. For BIP, buying TMAG initiates a growth strategy focused on building value through partnering with established and respected firms.
TMAG was launched in 2001 by Tim Money to provide individual and corporate clients with unbiased financial advisory services, including retirement planning and comprehensive wealth management. And the partnership between TMAG and BIP strategically unites two firms with a people-first approach and service ethos to clients and their local communities.
The acquisition of The Money Advisor Group, which closes on May 22, 2024, increases BIP’s assets under management (AUM) to $3.3+ billion. Tim will remain president of The Money Advisor Group, and the TMAG team will become part of BIP.
BIP Wealth now maintains offices in Atlanta, Alpharetta, Nashville, and Columbus, GA, while serving clients nationwide.
KEY QUOTES:
“From the beginning, our focus has been on taking care of our beloved clients and team members. 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.”
– Tim Money
“The TMAG acquisition will enable BIP to extend our unique value proposition in partnership with people who share our values. 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.”
– Bill Harris, CEO of BIP Wealth
“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. 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.”
– Mark Buffington, CEO of BIP Capital and Co-founder of BIP Wealth
