Mariner Acquires Over $1B in Assets in Triple Deal
Mariner announced the acquisition of Cassady Schiller Wealth, Jenkins Wealth, and Triton Financial Group. The transactions contribute about $1.08 billion in assets under advisement to Mariner’s portfolio and are integral to the financial services firm’s objective of expanding to 5,000 advisors by 2027.
The acquisitions are expected to close in the first quarter of 2025, when the companies will adopt the Mariner brand and continue to operate from their current locations with their existing teams.
Cassady Schiller Wealth, a Cincinnati, OH-based firm, brings an eight-member team with over three decades of experience in wealth management, financial planning, and tax strategies. Jenkins Wealth, based in Englewood, CO, offers financial plans and investment strategies. Triton Financial Group, based in Marlborough, MA, offers portfolio management, insurance planning, tax management, and estate planning.
The acquisitions follow Overland Park, KS-based Mariner’s announcement last week that it acquired Cardinal Investment Advisors in a deal that adds $292 billion in assets under advisement and about 40 employees to its institutional practice.
In October, Mariner secured new funding for its expansion strategy with a significant minority investment from Neuberger Berman. Subsequent to that deal, Mariner strengthened its presence on both the East and West Coasts in December, adding $878 million in assets through acquisitions in Florida and California.
Houlihan Lokey acted as financial advisor to Cassady Schiller. Dynasty Investment Bank served as financial advisor to Jenkins Wealth. Pederson & Co served as financial advisor to Triton Financial Group.
