Mariner Continues Acquisition Spree, Agrees to Buy Emerson Wealth
Mariner Wealth Advisors stated Wednesday it was getting Bloomfield Hills, Mich.-dependent Emerson Wealth.
The acquire, anticipated to near later on this month, would be Mariner’s 16th offer to near given that the organization began a speedy development streak in July 2021, according to a spokesperson. The acquisition is predicted to bring Mariner an extra $612 million of property underneath administration and bolster its presence in the Midwest, bringing its 2nd place of work in the increased Detroit space, according to a press release.
In geared up remarks, Marty Bicknell, president and CEO of Mariner, cited Emerson’s “proven keep track of document of success” and its philosophy of getting a “people-very first organization” as explanations why he expects the offer will be mutually useful.
Emerson Prosperity was established extra than 30 several years ago by Michael Emerson. The agency specializes in life-concentrated solutions, including career transitions, retirement readiness, multigenerational wealth tactics, and business companies. It will be rebranded beneath the Mariner Prosperity Advisors moniker following the offer closes on Could 31, and it will continue to operate with its present-day staff of seven associates, according to the push launch.
Launched in 2006, Mariner Wealth Advisors and its affiliate marketers now recommend on additional than $60 billion in assets. With the addition of Emerson, the company will have 71 offices throughout 32 states. Mariner bought a minority stake in its enterprise to non-public-fairness agency Leonard Inexperienced & Associates final calendar year.
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