The financial services landscape witnessed a significant consolidation as Mariner, a national financial services firm, announced the acquisition of Taurus Asset Management, a New York City-based wealth management firm. This move not only adds approximately $1.4 billion in assets under advisement to Mariner's portfolio but also strategically positions the firm to better serve professional athletes and high-net-worth individuals, a niche Taurus Asset Management has excelled in since its inception in 2004.
Founded by Brad Peck, Taurus Asset Management has carved a niche in providing tailored wealth planning and investment management services, especially for clients with complex financial needs, including professional athletes and ultra-high-net-worth families. The acquisition by Mariner is poised to enhance the depth and breadth of services offered to these clients, leveraging Mariner's extensive resources and in-house expertise.
Marty Bicknell, CEO and president of Mariner, highlighted the strategic fit of Taurus Asset Management within Mariner's operations, noting the unique perspective and long-standing relationships Brad Peck brings to the table. This acquisition underscores Mariner's commitment to offering comprehensive financial solutions that address the intricate needs of today's affluent clients.
The integration of Taurus Asset Management into Mariner's ecosystem is expected to elevate the level of service provided to clients, combining Taurus's personalized approach with Mariner's scale and expertise. This partnership not only benefits the clients of both firms but also sets a new benchmark in the wealth management industry for serving high-profile and high-net-worth individuals.
With the deal closed on May 31, 2025, and Taurus Asset Management now operating under the Mariner brand, the financial services sector watches closely as this acquisition could herald a new era of specialized wealth management services, tailored to meet the evolving needs of affluent clients across the globe.
