July 21, 2024


Think Differently

Mariner Wealth Advisors Acquires The Fiscal Services Network

Mariner Wealth Advisors Acquires The Fiscal Services Network

Mariner Prosperity Advisors, primarily based in Overland Park, Kan., declared the acquisition of The Economical Solutions Network, an OSJ, RIA and provider of back-place of work support based in Sacramento, Calif., that presents administrative, consulting, compliance and operational companies to a lot more than 400 impartial financial advisors.

This most current acquisition will extend the attain of Mariner System Solutions, an affiliate of Mariner Wealth Advisors that delivers a suite of resources to impartial money advisors who look for to scale their businesses and concentrate on serving shoppers with no back-business interruptions. 

The Network will rebrand as Mariner Advisor Network and target on bolstering the firm’s core choices of technological know-how, portfolio consulting, compliance and operations, digital administration companies, and mergers and acquisitions assist for independent advisors. The corporation will also go on its strategic marriage with LPL Economical, one of the nation’s leading RIA custodians and its most significant unbiased broker/supplier.

These days is a get for advisors who seek out to devote far more time advising their clients and expanding their business and significantly less time managing the working day-to-day operations,” said Marty Bicknell, CEO and president of Mariner Wealth Advisors. “The depth of knowledge among the the pros at The Community and the access and skills of LPL Economical will enable us to serve much more advisors and enhance their access to some of the industry’s best back again-business office and consulting methods.” 

The Network was founded in 1984 and has advanced in excess of the years as an office of supervisory jurisdiction, an RIA firm and a company of help products and services for impartial money advisors. Led by taking care of associates Daxs Stadjuhar, Christopher Mercado, and Jeremy Olen, The Community at present has a lot more than 400 advisors in 20 states with $26 billion in assets underneath advisement. (The Network’s RIA, which incorporates a portfolio consulting enterprise, has $6 billion less than management, with the remaining $20 billion beneath advisement by unbiased advisors.) The executive leadership staff will continue to be in area and has been requested to lead the merged business enterprise giving, integrating assets and strategically growing capabilities. 

“The complementary nature of our abilities, answers and advisor-centric philosophy will speed up the expansion of our community, broaden the scope of how we operate with advisors, and enable advisors prevail over the conventional impediments to advancement,” mentioned Mercado. “We’re thrilled to be part of the Mariner spouse and children and appear ahead to main and developing the Mariner Advisor Community jointly.”

Because its inception in 2020, Mariner Platform Remedies has partnered with 33 firms with a whole of $2.6 billion in assets below management and has above 66 advisors and 22 brand names leveraging its resources. This acquisition will increase more than 400 advisors and much more than 50 associates who make up a specialised group of changeover, investment, compliance and administrative guidance specialists committed to serving the needs of independent economical advisors. 

Launched in 2006 with $300 million in belongings below advisement, Mariner Prosperity Advisors and its affiliates now suggest on more than $60 billion in assets. It is amid the fastest developing RIAs in the country, asserting seven acquisitions in the first fifty percent of 2022.