Mariner to Buy $26B Firm, LPL Partner

“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,” he added.

Mariner Platform Solutions now works with 33 firms, 66 advisors and $2.6 billion in assets under management, while Mariner Wealth Advisors and its affiliates advise clients with some $60 billion in assets (as of March 31).

“It’s exciting when you get the chance to align your organization with a firm that shares the same vision and principles for taking care of advisors so they can take better care of their clients,” Matthew Enyedi, managing director, LPL Financial said in a statement.  

Earlier Deals

About a month ago, Mariner Wealth Advisors said it was buying Corbenic Partners, a Bethlehem, Pennsylvania-based based independent RIA with over $1 billion in assets under management.

This deal was Mariner’s fourth acquisition of 2022, following its purchases of Boston-based Taylor Wealth Management Partners; Bloomfield Hills, Michigan-based Emerson Wealth; and Miramar Beach, Florida-based Arbor Wealth Management. Mariner acquired 14 firms in 2021.

The Bethlehem office is Mariner Wealth Advisors’ 74th U.S. location, its sixth in Pennsylvania and its second in the Lehigh Valley. 

(Shown in photo: Marty Bicknell)