BIP Wealth Acquires The Money Advisor Group

The Money Advisor Group, a registered investment advisory firm focusing on managing investments and planning for retirement, announced Tuesday it has agreed to be acquired by BIP Wealth, an Atlanta-based registered investment adviser, as part of its new BIP Alliance program.

Meanwhile, in an additional nod to industry consolidation, Diversify Advisor Network, a privately held independent wealth management firm, is launching a retirement plan advisory services program.

Money Advisor Group

With the TMAG deal, BIP Wealth will bring over $300 million in assets under management for its clients to BIP Alliance, making the firm’s total AUM to over $3.3 billion. The acquisition is set to close on May 22.

TMAG was founded in 2001 by Tim Money, president and chief investment officer, to provide individual and corporate clients with financial advisory services, including retirement planning and wealth management. Money will remain president of the group, and the entire TMAG team will join BIP.

“From the beginning, our focus has been on taking care of our beloved clients and team members,” Money said in a statement. “Our earliest discussions made it clear that BIP aligns with our values and priorities.”

BIP Wealth offers investment management and planning services tailored to high-net-worth individuals, families, institutional clients and corporate retirement plans. BIP Wealth serves clients nationwide and has offices in Atlanta, Alpharetta, Nashville, and now Columbus, Georgia.

The acquisition will provide TMAG clients and potential investors in West Central Georgia, East Alabama and nearby areas with broader access to BIP’s wealth management platform, offering private market investment options and advanced planning services, according to the announcement.

Diversify Advisor Network

Also announced on Tuesday, Diversify Advisor Network, a privately held independent wealth management firm, has launched its retirement plan advisory services program to provide to other wealth managers.

The program will be led by Partners Todd Nuttall and David Gardner, who merged their firm Caliber Wealth Management into Diversify earlier this year.

“With the launch of Diversify’s retirement plan advisory services, we can now share our unique retirement plan expertise and process with our peers across the network,” Nuttall said in a statement.

The team will offer services in plan design and plan governance, fiduciary services, participant education, research among others.

“They have also built a framework that helps the advisers capture additional wallet share from the plan participants, giving clients access to financial advice for more than just their company retirement plan,” Stuart Matheson, chief strategy officer at Diversify, said in a statement. “Advisers get to keep and even grow assets that they might otherwise miss out on, all without having to be experts in the intricacies of retirement plans.”