Mariner Adds $878M in AUM with FL, CA Advisory Acquisitions

Mariner Wealth Advisors announced that it has completed a double deal with the acquisitions of Sarasota, FL-based Atlas Financial and Newport Beach, CA-based Newport Advisors, expanding the firm’s reach and adding approximately $878M in client assets.

A private-equity-backed serial RIA acquirer, Mariner said the move both deepens its presence in key markets and brings it closer to its goal of having over 5,000 advisors by 2027. Both firms adopted the Mariner name at closing of the deal, which occurred December 2. The Atlas acquisition brings Mariner’s presence in Florida to eight offices, while Newport marks the firm’s 19th location in California.

In October, Neuberger Berman Capital took a minority stake in Mariner, joining prior backers Leonard Green & Partners and LGP, to fuel further organic and acquisition-driven growth. Dalphia partners served as the exclusive financial advisor to Atlas Financial in this transaction.

Source:

https://www.accesswire.com/950183/mariner-adds-878-million-in-assets-under-management-completes-acquisitions-of-atlas-financial-and-newport-advisory