RIA Edge Podcast: Sustainable Wealth Management Firms with Jennifer des Groseilliers
In this episode of the RIA Edge Podcast, David Armstrong, editorial director at Informa Connect’s Wealth Management Group, speaks with Jennifer des Groseilliers, CEO of The Mather Group. The conversation took place live during Schwab’s recent IMPACT Conference in San Francisco.
Jennifer was recently appointed head of the $14 billion AUM firm, though she is a veteran in financial services, having worked across advisory channels, first at Ameriprise and later at MetLife and MassMutual. She came to The Mather Group just a few years after the firm was acquired by private equity investor the Vistria Group.
She is leading a firm that has grown rapidly through a number of acquisitions in recent years, with Vistria’s financial backing. The firm currently has some 14 offices around the country, 175 employees and about 4,000 clients. It focuses on financial planning for affluent and HNW individuals, with a minimum account size of $1 million and a family office service model for clients with more than $25 million.
David and Jennifer discuss:
- The balanced approach to growth that includes scaling responsibly through both internal development and strategic acquisitions
- The Mather Group’s meticulous process that ensures new acquisitions align with their corporate values and culture
- How a recent acquisition brings an alternative investment specialist into the organization, and how alts are incorporated into client portfolios.
- The firm’s strategy for attracting and retaining top talent in the competitive RIA space, including a popular employee equity plan and a “robust” summer internship program that feeds new talent into many of its offices.
- Why “emotional intelligence” is a key focus for leadership at The Mather Group and how it benefits both client relations and team dynamics.
Resources:
Connect With David Armstrong:
- WealthManagement.com
- LinkedIn: WealthManagment.com
- LinkedIn: David Armstrong
- Twitter: David Armstrong
- LinkedIn: Informa
Connect With Jennifer des Groseilliers:
About Our Guest:
Jennifer des Groseilliers is the Chief Executive Officer of The Mather Group. Jen cultivates a collaborative culture through inclusive and supportive leadership. Her unwavering commitment to keeping clients at the center of all efforts drives her approach.
Jen’s extensive professional experience includes joining the MetLife Premier Client Group as a Managing Partner in 2013, leading an advisor force of over 160 financial advisors. She later became the CEO of MassMutual Illinois in 2016, and in 2020, after a merger with WestPoint Financial Group, she assumed the role of Partner and Chief Experience Officer, leading various departments including Investments, Compliance, Practice Development, and Financial Planning.
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