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June 15, 2022

Mariner Wealth continues acquisition spree with Corbenic Partners deal

Mariner Wealth Advisors has struck a deal to buy Pennsylvania-based Corbenic Partners for an undisclosed sum.

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  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
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The deal mark’s the US-based wealth advisory firm’s fourth acquisition this year and marks its sixth office in Pennsylvania and 74th location nationwide.

Corbenic Partners, which oversees $1bn in assets, will operate under the Mariner Wealth Advisors brand following the close of the transaction.

Established over three decades ago by Brad Griswold, the firm has a team of eight employees currently.  

Mariner Wealth Advisors CEO and president Marty Bicknell said: “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.

“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.”

Commenting on the deal, Griswold said: “Mariner Wealth Advisors, as a leader in the wealth advisory industry, offers Corbenic Partners a foundation to grow and serve both our clients and our team of advisors in the coming years.

“Partnering with a firm such as Mariner Wealth Advisors allows us the opportunity to continue our goal of being the trusted advisor for the clients and families we serve.”

The latest deal follows Mariner’s acquisition of Michigan-based Emerson Wealth last month. Emerson Wealth expanded the firm’s Midwest footprint and added its second office in the greater Detroit area and third in Michigan.

In 2021, Mariner sealed a number of deals, including that of Savant Investment Group, Vaughn Wealth Management, and AdvicePeriod.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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