Kansas-based Mariner Wealth Advisors has inked an agreement to take over the assets of Wealth Health, a New Jersey-based financial planner.
Financial details about the transaction were not divulged, other than the fact that the deal adds around $400m in assets to Mariner’s books.
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The deal offers Mariner an office in Roseland – its fourth office in New Jersey.
Mariner will retain Wealth Health heads Rich Coppa and Darin Gartland as part of the deal.
The pair will manage Mariner’s new Roseland branch.
Coppa terms the deal an “incredible growth opportunity” for Wealth Health.
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By GlobalData“As our portfolio of relationships continues to expand, it makes sense to join forces with an established firm that offers reputable capabilities and services,” Coppa stated.
Mariner’ 11th purchase in the last 14 months, Wealth Health offers investment management, income tax preparation, insurance advice as well as estate planning.
Mariner CEO and president Marty Bicknell said: “We are excited about gaining professionals that pride themselves on serving as a single source of contact for all of their clients’ complex personal financial needs.
“Wealth Health’s advisers look five steps ahead to understand clients’ long-term objectives, a strategy that aligns well with our own.”
The latest deal continues Mariner’s recent series of consolidation activities.
Last year, Mariner acquired Texas-based SMS Capital Management, California-based Authent Advisors, and Indiana’s Martin Financial Group.
