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The Money Advisor Group Founder Tim Money (left) and BIP Wealth CEO Bill Harris RIA news
The Money Advisor Group Founder Tim Money (left) and BIP Wealth CEO Bill Harris.

BIP Wealth Acquires Georgia Firm, Tops $3.3B in AUM

The Atlanta-based RIA will acquire the $300 million AUM Money Advisor Group.

BIP Wealth is acquiring the Money Advisor Group, boosting its managed assets above $3.3 billion.

BIP Wealth offers investment management and planning for high-net-worth individuals and families, with offices in Atlanta, Alpharetta, Ga., as well as Nashville, Tenn. and Columbus, Ga., as of the Money Advisor Group acquisition (that firm manages about $300 million in assets).

Tim Money, who founded MAG in 2001, will remain president, and the entire firm’s team will become part of BIP Wealth. In a statement about the deal, BIP Wealth CEO Bill Harris said the firm was “thrilled” to extend its reach into Columbus and the surrounding area.

“They bring a shared commitment to excellence and lifetime service to their clients, and we are happy to welcome them into the BIP family,” Harris said.

BIP Wealth, one of's RIA Edge 100, was founded in 2007 and works with institutional clients and corporate retirement plans (in addition to working with HNW individuals and families). 

In July 2022, the firm expanded into the Nashville market by hiring Personal Wealth Advisor Ashley Arrington, who was previously with Fidelity Investments in Franklin, Tenn., with a background in investment consulting, retirement planning and charitable giving.

BIP has 57 employees and more than 1,440 advisory clients clients, according to Discovery Data. The deal is expected to close on May 22.

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