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November 14, 2018

Mariner Wealth Advisors to acquire Patriot Wealth Management

Wealth advisory firm Mariner Wealth Advisors has agreed to acquire Patriot Wealth Management in a bid to expand its advisory businesses.

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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
Enter your details here to receive your free Report.

Based in Houston in Texas, Patriot focuses on providing personalised financial planning services.

The acquired company, which was founded in 2004, is said to have nearly $2bn in assets under management.

The merger is expected to benefit Patriot’s wealth advisers with additional support in the segments of risk management, tax planning and preparation as well as estate planning and trust services.

Patriot co-founder and principal Todd Hanslik said: “Joining Mariner Wealth Advisors allows us to reallocate time spent on back-office functions and refocus our efforts on our valued clients.

“Mariner Wealth Advisors shares our client-first mentality. We are excited to tap into their deeper and broader pool of resources to better serve existing and prospective clients.”

As per the agreement, Patriot will become a unit of Mariner Wealth Advisors from 1 January 2019.

Mariner Wealth Advisors president and CEO Marty Bicknell said: “Looking at the advice and service Patriot offers to clients, I have a great deal of respect for what the team at Patriot has built. It’s a natural fit for Mariner Wealth Advisors.”

Mariner Wealth Advisors was founded in 2006 and currently has more than $23bn in assets under advisement.

With a team of more than 125 wealth advisers and around 500 associates, it provides wealth advice to individuals and families and helps them to achieve their financial goals. Currently, the company operates through 26 locations across 19 states.

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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