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October 7, 2021

Mariner Wealth snaps up Vaughn Wealth Management to boost Florida presence

By Verdict Staff

Mariner Wealth Advisors has purchased Orlando-based Vaughn Wealth Management for an undisclosed amount.

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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.
  • 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.
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The transaction was completed on 30 September 2021.

Vaughn, which now operates under the Mariner brand, offers a range of services including retirement and income planning, estate planning, risk management, investments, and tax mitigation.

The firm bring over 200 clients and more than $250m assets to Mariner.

Commenting on the deal, Mariner Wealth Advisors CEO and president Marty Bicknell said: “Vaughn Wealth Management’s transparent, educational-based approach to financial planning is something that we felt strongly aligned with our own ideologies.

“As we continue to expand our business during this monumental year of growth for Mariner Wealth Advisors, it’s crucial that we partner with like-minded firms.”

The acquisition allows Mariner to expand its footprint to Orlando as it looks to expand throughout Florida.

The Orlando office, which will be led by Vaughn Wealth Management president Kevin Taylor, marks the firm’s fourth location in the state.

Taylor said: “We pride ourselves on the reputation we’ve built with our clients, and we’re excited to be able to introduce to them the additional services being part of Mariner Wealth Advisors allows us to provide as part of our holistic planning.”

Mariner, which has been on an acquisition spree, added over $10bn in assets since this June.

The firm currently has s 417 advisors across its 58 offices in the US.

Last month, Mariner forged a partnership to give its financial advisers access to Riskalyze’s risk alignment and portfolio analytics platform.

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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