Mariner, a national financial services firm, has significantly bolstered its assets under advisement by acquiring Taurus Asset Management, a New York City-based wealth management firm with approximately $1.4 billion in assets. This acquisition not only expands Mariner's portfolio but also its expertise in serving professional athletes and high-net-worth individuals, a niche Taurus has specialized in since its inception in 2004.
The integration of Taurus Asset Management into Mariner's operations brings a wealth of experience in handling complex financial needs, including estate planning, tax preparation, and investment management. Marty Bicknell, CEO and president of Mariner, highlighted the strategic value of this acquisition, noting the unique perspective and long-standing client relationships Taurus brings to the table.
Brad Peck, Founder & Managing Principal of Taurus Asset Management, emphasized the benefits of the partnership, stating that Mariner's scale and in-house expertise will enable Taurus to elevate its service offerings without sacrificing the personalized approach its clients value. This move is poised to enhance the financial planning and wealth management services available to ultra-high-net-worth families, ensuring their needs are met with sophistication and depth.
The deal, which closed on May 31, 2025, marks a significant milestone for both firms, with Taurus Asset Management adopting the Mariner name and branding while continuing to operate from its Madison Avenue location. This acquisition underscores Mariner's commitment to expanding its footprint in the financial services industry and its dedication to providing comprehensive, client-first solutions.
