Mariner Wealth Acquires California Wealth Management Practice
Mariner Wealth Advisors’ recent acquisitive streak continues with the addition of a wealth management practice in California.
Authent Advisors’ team of five professionals oversaw $285 million as of the end of 2018, according to a press release from Mariner Wealth.
In addition to financial advice, Authent provides tax preparation and consulting services, Mariner Wealth says. The companies didn’t disclose the terms of the deal, which goes into effect April 1, according to the press release.
“Just as we work with clients to create holistic wealth plans to help them achieve meaningful long-term financial success, we sought to create a path for our firm that we believe will allow us to achieve long-term success and security for both our clients and associates,” Peggie Daly, Authent’s owner, says in the press release. “I am confident the partnership with Mariner Wealth Advisors will help us accomplish those goals and I’m excited for what the future holds as we join Mariner Wealth Advisors.”
Marty Bicknell, Mariner Wealth CEO and president, announced plans last year to expand the firm nationwide and has added several firms since then, the company says.
Last month, Mariner Wealth brought on Houston-based Patriot Wealth Management, which oversees close to $2 billion.
And earlier this month, Mariner Wealth acquired New Albany, Ind.-based Martin Financial Group, according to the press release.
Mariner Wealth also added several experienced advisors for new offices in Des Moines, Iowa, and Charlotte, N.C., which opened in January, and plans to add at least two more offices during the first quarter, the company says.
Founded with $300 million in assets under advisement in 2006, Mariner Wealth oversaw more than $24 billion as of the end of January, according to the press release.