RIA comparison · SEC Form ADV
Kestra Private Wealth Services, LLC vs The Mather Group, LLC
Two independent wealth managers side by side: assets, clients, staff, services and fees, from each firm’s own filing.
The short answer
Kestra Private Wealth Services, LLC and The Mather Group, LLC are almost exactly the same size, with $13B and $13B in regulatory assets (Kestra Private Wealth Services, LLC slightly ahead), by their latest Form ADV filings. Kestra Private Wealth Services, LLC reports more individual clients (19,977 vs 4,773), while The Mather Group, LLC’s clients hold more on average (about $2.8 million each against $650,000). Kestra Private Wealth Services, LLC is based in Austin, Texas and The Mather Group, LLC in Chicago, Illinois.
| Figure | Kestra Private Wealth Services, LLC | The Mather Group, LLC |
|---|---|---|
| Regulatory AUM | $13B | $13B |
| National rank | #71 | #72 |
| Headquarters | Austin, Texas | Chicago, Illinois |
| Individual clients | 19,977 | 4,773 |
| High-net-worth clients | 5,300 | 2,876 |
| Average client assets | $650,000 | $2.8 million |
| Accounts | 33,333 | 15,200 |
| Discretionary | 100% of AUM | 94% of AUM |
| Employees | 211 | 186 |
| Advisory staff | 211 | 97 |
| Clients per advisory employee | 95 | 49 |
| Offices | 43 | 63 |
| Form ADV filed | 2026-09-22 | 2026-09-04 |
Kestra Private Wealth Services, LLC
Full profile →Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
The Mather Group, LLC
Full profile →Services
- Financial planning
- Portfolio management for individuals and small businesses
- Selecting other advisers
- Periodicals or newsletters
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
- Other
Questions
Which is bigger, Kestra Private Wealth Services, LLC or The Mather Group, LLC?
Kestra Private Wealth Services, LLC, with $13B in regulatory assets under management against $13B at The Mather Group, LLC. Nationally they rank #71 and #72 among 5,657 independent wealth management RIAs.
How many clients do Kestra Private Wealth Services, LLC and The Mather Group, LLC have?
Kestra Private Wealth Services, LLC reports 19,977 individual clients (5,300 high-net-worth) with 211 advisory employees; The Mather Group, LLC reports 4,773 (2,876 high-net-worth) with 97 advisory employees.
How do Kestra Private Wealth Services, LLC and The Mather Group, LLC charge clients?
Only The Mather Group, LLC lists other forms of compensation on Form ADV. Fee schedules and minimums are in each firm’s Form ADV Part 2A brochure.
What services do Kestra Private Wealth Services, LLC and The Mather Group, LLC offer?
Kestra Private Wealth Services, LLC lists portfolio management for businesses and institutions; pension consulting, which The Mather Group, LLC does not. The Mather Group, LLC lists periodicals or newsletters; educational seminars and workshops, which Kestra Private Wealth Services, LLC does not. Both offer financial planning; portfolio management for individuals and small businesses; selecting other advisers.
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Where these numbers come from
Every figure is the firm’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Average client assets divide the assets held for individual and high-net-worth clients by their number. Ranks compare each firm with all US-based independent wealth management RIAs, the same field as The Largest RIAs. Figures can lag recent deals and market moves.
Not an endorsement or a recommendation of either firm. Before hiring an adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search: Kestra Private Wealth Services, LLC ↗, The Mather Group, LLC ↗. How to check a financial advisor →