Mariner Prosperity Advisors, based in Overland Park, Kan., introduced the acquisition of The Financial Services Community, an OSJ, RIA and service provider of back again office support based in Sacramento, Calif., that offers administrative, consulting, compliance and operational expert services to more than 400 independent monetary advisors.
This most up-to-date acquisition will expand the access of Mariner Platform Answers, an affiliate of Mariner Wealth Advisors that provides a suite of methods to independent monetary advisors who request to scale their firms and concentrate on serving purchasers with no again-business office distractions.
The Community will rebrand as Mariner Advisor Network and aim on bolstering the firm’s main choices of technologies, portfolio consulting, compliance and functions, digital administration solutions, and mergers and acquisitions assistance for independent advisors. The organization will also continue on its strategic romantic relationship with LPL Economical, one of the nation’s top RIA custodians and its major unbiased broker/seller.
“These days is a acquire for advisors who seek out to devote extra time advising their customers and developing their business and significantly less time taking care of the working day-to-working day functions,” stated Marty Bicknell, CEO and president of Mariner Wealth Advisors. “The depth of experience among the the gurus at The Network and the attain and skills of LPL Fiscal will permit us to serve much more advisors and increase their obtain to some of the industry’s ideal back-office environment and consulting means.”
The Network was established in 1984 and has progressed in excess of the a long time as an office of supervisory justice, an RIA business and a supplier of support products and services for independent economic advisors. Led by controlling partners Daxs Stadjuhar, Christopher Mercado, and Jeremy Olen, The Network currently has more than 400 advisors in 20 states with $26 billion in property below advisement. (The Network’s RIA, which features a portfolio consulting business enterprise, has $6 billion beneath administration, with the remaining $20 billion under advisement as a result of impartial advisers.) The government leadership group will continue to be in area and has been asked to direct the combined business enterprise giving, integrating means and strategically increasing capabilities.
“The complementary character of our experience, options and advisor-centric philosophy will accelerate the growth of our network, broaden the scope of how we function with advisors, and assistance advisors defeat the common impediments to expansion,” claimed Mercado. “We’re thrilled to sign up for the Mariner spouse and children and search forward to leading and developing the Mariner Advisor Community with each other.”
Considering that its inception in 2020, Mariner System Answers has partnered with 33 firms with a overall of $2.6 billion in belongings beneath administration and has around 66 advisors and 22 brands leveraging its resources. This acquisition will incorporate far more than 400 advisors and far more than 50 associates who make up a specialised group of transition, investment, compliance and administrative aid professionals committed to serving the needs of independent fiscal advisors.
Started in 2006 with $300 million in belongings under advisement, Mariner Wealth Advisors and its affiliates now advise on a lot more than $60 billion in property. It is amid the swiftest escalating RIAs in the country, asserting seven acquisitions in the to start with 50 percent of 2022.
