Breaking News

Mariner Wealth Acquires The Financial Services Network

&#13
Mariner Wealth Advisors nowadays announced that it has acquired The Financial Solutions Community, a countrywide enterprise business that supplies administrative, consulting, compliance and operational solutions for additional than 400 independent financial advisors in 20 states, according to a information release.&#13

&#13
On closing, which is expected by September 15, The Economical Expert services Network, dependent in Sacramento, Calif., with $26 billion in property under administration, will rebrand as Mariner Advisor Network, “a title that demonstrates the collaborative and complementary nature of the two businesses and aim on bolstering the firm’s core offerings of fintech, portfolio consulting, compliance and functions, digital administration providers, and mergers and acquisitions help for independent advisors,” the release said.&#13

&#13
The corporation, also recognized as The Network, also supports LPL Economic-affiliated advisors and will continue that strategic relationship, the launch claimed.

&#13
Launched in 1984, The Network has developed as an OSJ, registered investment decision advisor and supplier of assist expert services for unbiased economic advisors. Its govt management consists of Daxs Stadjuhar, Christopher Mercado and Jeremy Olen, who will remain with the company and lead the put together company giving, the launch claimed.

&#13
“From the day we met the Mariner group, it was obvious that we shared the exact advisor-centric mission and passion for serving to advisors excel as enterprise owners,” Mercado said in a assertion. “The complementary character of our know-how, methods and advisor-centric philosophy will accelerate the growth of our community, broaden the scope of how we function with advisors, and assist advisors defeat the common impediments to growth. We’re thrilled to join the Mariner household and glance ahead to major and escalating the Mariner Advisor Community alongside one another.”

&#13
Marty Bicknell, CEO and president of Mariner Wealth Advisors, explained the partnership is a win for advisors who seek to expend extra time advising their shoppers and rising their business and fewer time managing the working day-to-day operations. “This acquisition not only expands the access of Mariner System Options and provides substantial talent to our crew, but it also additional emphasizes our motivation to encouraging the impartial advisor who seeks to shell out extra time advising their consumers and escalating their business and less time taking care of day-to-day operations,” he said in an e-mail to Money Advisor.

&#13
Mariner Platform Answers, an affiliate of Mariner Prosperity Advisors, which Bicknell observed was launched in 2020, frees impartial advisors from back-workplace duties and return them to furnishing entire world-class financial steerage to their purchasers.

&#13
Even further, Bicknell extra that “the depth of working experience between the industry experts at The Community and the get to and abilities of LPL Economical will empower us to provide much more advisors and enhance their accessibility to some of the industry’s best back-business office and consulting assets.”

&#13
Bicknell said Mariner Wealth Advisors will carry on to glimpse for alternatives for inorganic development with firms that are a good in shape culturally for us. “We really do not concentrate on geography, but we do focus on talent. We evaluate if the agency has properly trained and designed talent over and above the founder and if can we assist them expand individually and professionally,” he mentioned.

&#13
LPL running director Matthew Enyedi mentioned, “It’s remarkable when you get the possibility to align your business with a business that shares the identical eyesight and ideas for taking treatment of advisors so they can consider better care of their customers.

&#13
Founded in 2006 with $300 million in AUA, Overland Park, Kan.-based Mariner Prosperity Advisors and its affiliate marketers advises on additional than $60 billion in assets. Mariner System Options has partnered with 33 corporations with AUM totaling $2.6 billion and has over 66 advisors and 22 brands leveraging its methods.