Mariner Expands Footprint with $878 Million Acquisition of Atlas Financial and Newport Advisory
TL;DR
Mariner's acquisition of Atlas Financial and Newport Advisory brings the firm a combined total of approximately $878 million assets under management, giving them a significant advantage in the financial services industry.
Atlas Financial excels in asset management, business continuity, and wealth transfer strategies, while Newport Advisory takes a holistic approach to financial planning, offering comprehensive, tailored guidance.
The acquisitions strengthen Mariner's capabilities and national presence, allowing them to provide enhanced support and solutions to clients, ultimately prioritizing their unique needs and aspirations.
Mariner's vision of growing to 5,000 advisors by 2027 takes another step forward with the acquisitions of Atlas Financial and Newport Advisory, marking a transformative new chapter for the firm.
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Mariner, a leading national financial services firm, has announced the acquisition of Atlas Financial in Sarasota, Florida, and Newport Advisory in Newport Beach, California. The dual acquisitions bring a combined $878 million in assets under management to Mariner, significantly bolstering its market presence and client base.
This strategic expansion increases Mariner's national footprint to 126 offices, establishing second locations in both Sarasota and Newport Beach. The move is a crucial step towards Mariner's ambitious goal of growing to 5,000 advisors by 2027, demonstrating the firm's commitment to aggressive yet strategic growth in key markets.
Marty Bicknell, CEO and president of Mariner, emphasized the importance of these acquisitions in meeting clients' needs and aligning with the firm's values. The integration of Atlas Financial and Newport Advisory not only expands Mariner's geographical reach but also enhances its expertise in areas such as asset management, business continuity, and wealth transfer strategies.
Atlas Financial, known for its 'Serve First' philosophy and over 25 years of experience, brings valuable expertise in tailored services for business owners and retirees. Newport Advisory, founded in 1995, contributes a holistic approach to financial planning, offering comprehensive guidance on retirement, education planning, tax strategies, and liability management.
The acquisitions reflect a broader trend in the financial services industry towards consolidation and expansion of service offerings. For Mariner, these moves represent not just an increase in assets under management, but also an opportunity to diversify its client base and service capabilities.
Importantly, both acquired firms will continue to operate with their existing teams in place, ensuring continuity for clients while leveraging Mariner's expanded resources and expertise. This approach aims to combine the strengths of local, client-focused advisory practices with the resources and reach of a national firm.
The financial services landscape is increasingly competitive, with firms seeking to differentiate themselves through expanded services, technological innovation, and personalized client experiences. Mariner's acquisitions position the firm to better compete in this environment, potentially setting a benchmark for growth strategies in the industry.
As Mariner integrates these new acquisitions and continues its expansion, the financial services sector will likely watch closely to see how this growth translates into enhanced client services and market performance. The success of these acquisitions could influence similar strategic moves across the industry, potentially reshaping the competitive landscape of financial advisory services.
Curated from News Direct
