Mariner Acquires California Wealth Planner

Mariner Wealth Advisors announced Tuesday that it acquired Confluence Financial Planning on Dec. 31, making it the firm’s seventh acquisition of 2023.

Confluence Financial Planning, with 285 clients and about $360 million in assets under management, has assumed the Mariner Wealth Advisors name, retains its six associates and continues its operations from its office in Sacramento, California, becoming Mariner’s first office in the city and 15th in the state.

“The remarkable economic growth in the greater Sacramento region, coupled with the success of Confluence Financial Planning, made this acquisition a strategic union of thriving environments and proven expertise,” Marty Bicknell, CEO and president of Mariner Wealth Advisors, said in the announcement. 

Cynthia Meyers founded Confluence Financial Planning in 1983 to establish a firm whose services would diverge from the traditional investment-driven world of financial planning.