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Mariner Wealth expands US footprint with Emerson Wealth deal

Mariner Wealth Advisors , a wealth advisory firm based in Kansas, has acquired Michigan-based Emerson Wealth for an undisclosed sum.

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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
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The deal is expected to close on 31 May 2022.

The acquisition expands Mariner’s Midwest footprint and adds its second office in the greater Detroit area and third in Michigan.

Mariner will now have a total of 71 offices across 32 states. 

Commenting on the acquisition, Mariner Wealth Advisors CEO and president Marty Bicknell said: “Emerson Wealth takes our credo of being a people-first organisation one step further in their policy of guiding with heart and strength. These values, combined with their proven track record of success, leave me confident that this acquisition will be a mutually beneficial one, and I look forward to welcoming the Emerson Wealth team to the Mariner family.” 

Founded over three decades ago by Michael Emerson, Emerson Wealth specialises in life-focused services, such as career transitions, retirement readiness, and multigenerational wealth strategies.

It also provides business services such as planning, development, succession, sale and exit consultation.

As part of the deal, Emerson Wealth’s 159 clients will gain access to new growth channels and benefit further from Mariner’s services and business capabilities.

Emerson said: “As we continue to enhance our growth strategies, joining one of the nation’s top wealth advisory firms will allow us to better serve our clients for years to come.

“Like us, Mariner Wealth Advisors is focused on providing a superior client experience, and we’re completely aligned with their guiding principles of client first, associate second, shareholder last.” 

Following the close of the deal, Emerson Wealth will operate under Mariner Wealth Advisors name with its current team of seven associates.

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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