The Wire

June 14, 2022

Mariner Wealth Advisors Continues Notable Growth with Acquisition of Corbenic Partners

Mariner Wealth Advisors, a national wealth advisory firm, continues to gain traction as it enters the final month of Q2 on the heels of three previous acquisitions this year. Today the firm announced it will acquire Bethlehem, Pa. based Corbenic Partners at the end of this month. This will be Mariner Wealth Advisors’ sixth office in Pennsylvania.

“As we continue to see great success with our growth strategy, we’re always seeking out firms that will add unique value to our diverse team of advisors,” said Marty Bicknell, CEO and president of Mariner Wealth Advisors. “Corbenic Partners has had great success serving its clients, and we are excited to add their expertise and capabilities of working with unique client groups to the Mariner family.”

June 14, 2022

Mariner buys $1bn franchisee-focused RIA

Mariner Wealth Advisors is widening its already-substantial footprint in Pennsylvania.

The Overland Park, Kan.-based mega-RIA announced on Tuesday that it has struck a deal to acquire Bethlehem-based Corbenic Partners. Corbenic reported managing just over $1bn in total client assets as of the end of the first quarter.

May 25, 2022

Cresset and Meristem Merge to Create $27B AUM Multifamily Office

Cresset Asset Management, the fast-growing wealth manager headquartered in Chicago, announced plans Wednesday to merge with Meristem Family Wealth, a $5.4 billion wealth advisory firm, to create a multifamily office with more than $27 billion in assets under management. The combined firm will serve clients from offices in 15 markets across nine states and Washington, D.C.

The deal is expected to close next month.

May 18, 2022

Mariner buys fast-growing Michigan RIA

Marty Bicknell’s Mariner Wealth Advisors has snapped up one of Michigan’s fastest-growing RIAs.

Mariner announced Wednesday that it is acquiring Emerson Wealth, a Bloomfield Hills, Mich.-based RIA with about $612m in assets under management.

May 18, 2022

Mariner Wealth Advisors Continues Growth Stride With Latest Acquisition, Emerson Wealth, LLC

Mariner Wealth Advisors, a national wealth advisory firm, announced today it will acquire Bloomfield Hills, Mich.-based Emerson Wealth, LLC. As Mariner Wealth Advisors continues to expand from coast to coast, this acquisition further bolsters its presence in the Midwest, securing its second office in the greater Detroit area.  

April 28, 2022

Biggest Mistakes Advisors Make When Doling Out Equity Ownership

Equity ownership is an increasingly critical part of a firm’s compensation strategy for employee retention and succession planning. Just be careful to avoid these missteps:

Not knowing your worth. Many RIAs decide to offer equity stakes to advisors without really knowing their firm’s value. This “makes it difficult to ascribe how much equity they are willing to give to someone else,” says Harris Baltch, head of M&A and Capital Strategies at Dynasty Financial Partners. 

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