Wednesday, September 21, 2022
HomeWealth ManagementMariner Wealth Advisors Provides $256M Govt Wealth Counselors

Mariner Wealth Advisors Provides $256M Govt Wealth Counselors


Mariner Wealth Advisors, a nationwide wealth advisory agency primarily based in Overland Park, Kan., introduced the acquisition of Pittsburgh, Pa.-based Govt Wealth Counselors in a deal set to shut on the finish of the month.

The deal is Mariner’s seventh to date this yr, and builds up the agency’s presence in Pennsylvania, marking its seventh workplace within the state and second within the Pittsburgh space.

Executives anticipate the deal will increase Govt Wealth Counselors’ capabilities into tax planning and preparation, property planning and belief providers and entry to distinctive funding methods.

Based in 2007, EWC at the moment has 4 associates, together with three advisors, specializing in wealth and funding administration for largely high-net-worth shoppers. Led by proprietor Louis Valli, the agency oversees $256 million in property underneath advisement.

“This agency folds in completely to what we do right here at Mariner Wealth Advisors,” mentioned Marty Bicknell, CEO and president of Mariner Wealth Advisors, “and I believe our providers and progress alternatives are an ideal match for his or her advisors.”

Valli mentioned his resolution to hitch Mariner Wealth Advisors is a strategic transfer to “elevate the agency’s progress technique and repair choices in a altering business the place bigger corporations proceed to current higher competitors.” Aiding his resolution was a constructive referral from the founding father of Commonwealth Advisory Group, which Mariner acquired in 2021. “I’m assured this transfer will give each our shoppers and our advisors the expansion alternatives they deserve,” he mentioned.

Govt Wealth Counselors will assume the Mariner Wealth Advisors identify when the deal closes on September 30, turning into Mariner’s 77th location nationwide, and can proceed to function with its present group in place.

“Persevering with so as to add proficient wealth advisors is an important a part of our ongoing inorganic progress technique. We would like to have the ability to assist as many individuals as attainable with our providers and options,” Bicknell mentioned. “This can be an ongoing effort for us for the foreseeable future.”

Based in 2006 with $300 million in property underneath advisement, Mariner Wealth Advisors and its associates now advise on over $60 billion in property.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments