
Mariner Prosperity Advisors now announced that it has obtained The Financial Providers Network, a countrywide company business that offers administrative, consulting, compliance and operational services for more than 400 independent financial advisors in 20 states, in accordance to a news launch.

Upon closing, which is envisioned by September 15, The Financial Providers Network, centered in Sacramento, Calif., with $26 billion in assets beneath administration, will rebrand as Mariner Advisor Network, “a identify that displays the collaborative and complementary mother nature of each enterprises and concentration on bolstering the firm’s main offerings of fintech, portfolio consulting, compliance and functions, digital administration expert services, and mergers and acquisitions assist for independent advisors,” the launch explained.

The business, also known as The Community, also supports LPL Financial-affiliated advisors and will carry on that strategic marriage, the launch stated.

Established in 1984, The Community has evolved as an OSJ, registered investment decision advisor and company of guidance providers for unbiased economical advisors. Its government management features Daxs Stadjuhar, Christopher Mercado and Jeremy Olen, who will stay with the company and lead the merged business giving, the launch mentioned.

“From the working day we fulfilled the Mariner team, it was apparent that we shared the very same advisor-centric mission and enthusiasm for serving to advisors excel as business enterprise entrepreneurs,” Mercado explained in a assertion. “The complementary character of our knowledge, options and advisor-centric philosophy will speed up the expansion of our network, broaden the scope of how we function with advisors, and support advisors overcome the common impediments to progress. We’re thrilled to sign up for the Mariner household and seem forward to major and developing the Mariner Advisor Community with each other.”

Marty Bicknell, CEO and president of Mariner Prosperity Advisors, said the partnership is a win for advisors who seek out to shell out extra time advising their shoppers and escalating their organization and a lot less time handling the working day-to-day functions. “This acquisition not only expands the get to of Mariner Platform Solutions and provides significant talent to our group, but it also more emphasizes our dedication to serving to the independent advisor who seeks to expend a lot more time advising their purchasers and escalating their enterprise and a lot less time running working day-to-working day operations,” he reported in an email to Money Advisor.

Mariner Platform Options, an affiliate of Mariner Prosperity Advisors, which Bicknell pointed out was introduced in 2020, frees impartial advisors from back again-place of work tasks and return them to providing world-class financial direction to their purchasers.

Additional, Bicknell added that “the depth of expertise among the industry experts at The Community and the get to and abilities of LPL Financial will allow us to provide a lot more advisors and enrich their accessibility to some of the industry’s greatest again-office and consulting methods.”

Bicknell claimed Mariner Wealth Advisors will keep on to look for prospects for inorganic progress with corporations that are a very good healthy culturally for us. “We really do not target on geography, but we do focus on expertise. We evaluate if the business has properly trained and developed expertise outside of the founder and if can we enable them expand personally and professionally,” he mentioned.

LPL managing director Matthew Enyedi explained, “It’s interesting when you get the chance to align your business with a company that shares the very same vision and ideas for using care of advisors so they can get superior care of their customers.

Established in 2006 with $300 million in AUA, Overland Park, Kan.-based Mariner Wealth Advisors and its affiliate marketers advises on much more than $60 billion in belongings. Mariner Platform Solutions has partnered with 33 firms with AUM totaling $2.6 billion and has over 66 advisors and 22 manufacturers leveraging its means.
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