Mariner Wealth Advisors Expands Nationwide with Triple Acquisition Strategy
TL;DR
Mariner's acquisitions of Cassady Schiller Wealth, Jenkins Wealth, and Triton Financial Group total $1.087 billion in assets, boosting its growth strategy.
Cassady Schiller specializes in wealth management, Jenkins Wealth offers financial planning, and Triton Financial emphasizes client-first wealth management.
Mariner's partnerships with these firms aim to redefine wealth management and deliver exceptional client-focused services, prioritizing trust and integrity.
Founded by a god of the sea, Triton Financial Group's unique three-pronged approach integrates financial planning, investment management, and risk management for clients.
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Mariner Wealth Advisors has completed a strategic triple acquisition of regional financial services firms, signaling an aggressive growth strategy in the wealth management sector. The acquisitions of Cassady Schiller Wealth from Cincinnati, Jenkins Wealth from Englewood, and Triton Financial Group from Marlborough will add approximately $1.087 billion in assets under advisement to the firm's portfolio.
The move is part of Mariner's ambitious plan to expand to 5,000 advisors by 2027, demonstrating the company's commitment to scaling its national presence. Each acquired firm brings unique strengths and specialized expertise in wealth management, financial planning, and investment strategies.
Cassady Schiller Wealth, an eight-member team with over three decades of experience, specializes in serving high-net-worth business owners and medical professionals. Jenkins Wealth, founded in 2002, focuses on delivering comprehensive financial planning with a goal of minimizing investment volatility. Triton Financial Group, established in 1995, offers a holistic approach to wealth management integrating financial, investment, and risk management strategies.
Marty Bicknell, CEO and president of Mariner, emphasized the strategic alignment of these acquisitions, noting that the new firms embody the principles of client focus and proven success. The acquisitions will allow Mariner to expand its service offerings while maintaining the existing teams and local office locations of the acquired firms.
The financial services landscape continues to evolve, with consolidation becoming increasingly common as firms seek to provide more comprehensive and technologically advanced wealth management solutions. Mariner's expansion represents a significant trend in the industry, where larger firms are acquiring boutique financial services companies to broaden their capabilities and reach.
With these acquisitions, Mariner now operates 124 locations nationwide, including an office in Puerto Rico. The company has grown substantially since its founding in 2006 with $300 million in assets under advisement, and now advises on over $258 billion in assets as of November 30, 2024.
The strategic acquisitions position Mariner to offer more robust, integrated financial services to a broader client base, potentially setting a new standard for comprehensive wealth management in the United States.
Curated from News Direct
