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January 11, 2019

Mariner Wealth Advisors buys Martin Financial Group

Mariner Wealth Advisors, a wealth advisory firm based in Kansas, has acquired Indiana-based RIA Martin Financial Group.

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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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Headquartered in New Albany, Martin employs eight professionals and oversees $250m in assets.

The transaction, whose financial terms were not revealed, marks Mariner’s second location in Indiana.

The deal expands Mariner’s branch network to 28 offices across 20 states. The firm currently has more than 240 wealth advisers and over 500 associates.

Martin principal Wesley Martin said: “This relationship with Mariner Wealth Advisors will allow us to focus on what matters most: spending time with clients, while also gaining exceptional investment and back-office support. It’s a win-win for our clients and associates.”

Set up in 2006, Mariner managed $300m at the time of inception. At the end of November 2018, the firm reported over $23bn in assets under advisement.

In November last year, Mariner announced the acquisition of Texas-based Patriot Wealth Management that manages around $2bn in assets.

Commenting on the latest deal, Mariner CEO Marty Bicknell said: “I am incredibly pleased to welcome Martin Financial Group to the Mariner Wealth Advisors family.

“Its professionals have an exceptional history of delivering for clients, and they share our focus on providing holistic wealth advisory services to meet a wide range of needs.”

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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