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Mather Group acquires $478 million Bay-area RIA

mather group ria

HC Financial Advisors, which was founded in 1986, is based in Lafayette, California.

The Mather Group, a Chicago-based registered investment adviser managing more than $8 billion, has acquired HC Financial Advisors, a Lafayette, California-based RIA managing $478 million.

Terms of the acquisition were not disclosed.

HC Financial was founded in 1986 and its three principals — Stephen Biggs, Andy Byron and Karla McAvoy — and the firm’s employees have joined The Mather Group, the firm said in a press release Wednesday.

[More: IAA snapshot portrays a thriving RIA sector]

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