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July 20, 2022

Mariner Wealth snaps up The Financial Services Network

Mariner Wealth Advisors has further accelerated its expansion with the acquisition of The Financial Services Network.

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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.

Financial terms of the deal were not disclosed.

The acquired entity is a national enterprise office that offers a spectrum of administrative, consulting, compliance and operational services.

The firm, founded in 1984, currently has a client base of over 400 independent financial advisors across 20 US states and manages $26bn in assets.

The acquisition is expected to bolster the reach of Mariner Platform Solutions, an affiliate of Mariner Wealth Advisors which provides back-office operational functions, technical planning strategies, and other solutions to independent financial advisors.

The Network will be rebranded as Mariner Advisor Network following the close of the transaction.

The firm’s executive leadership team, consisting of Daxs Stadjuhar, Christopher Mercado, and Jeremy Olen, will oversee the combined business offering. They will be also responsible for the integration of resources and strategically expanding capabilities of the combined entity.

The Network will also continue its strategic partnership with LPL Financial to offer its advisors further access to the resources and capabilities of the broker-dealer.

Mercado said: “The complementary nature of our expertise, solutions and advisor-centric philosophy will accelerate the expansion of our network, broaden the scope of how we work with advisors, and help advisors overcome the traditional impediments to growth.”

Mariner Wealth Advisors CEO and president Marty Bicknell added: “Today is a win for advisors who seek to spend more time advising their clients and growing their business and less time managing the day-to-day operations.

“The depth of experience among the professionals at The Network and the reach and expertise of LPL Financial will enable us to serve more advisors and enhance their access to some of the industry’s best back-office and consulting resources.”

The latest deal follows Mariner’s acquisition of Pennsylvania-based Corbenic Partners, and Michigan-based Emerson Wealth earlier this year.

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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