Mariner buys $393 million Phoenix-based firm
The deal for Robinson Tigue Sponcil is Mariner’s 10th transaction this year.
Mariner Wealth Advisors said Wednesday that it’s acquiring Robinson Tigue Sponcil Private Wealth Management, a Phoenix-based firm with $393 million in assets under advisement.
The acquisition is scheduled to close on Dec. 10; terms were not disclosed.
RTS, founded over 20 years ago, has more than 280 clients. The firm will adopt the Mariner Wealth Advisors name once the deal closes.
“Joining Mariner Wealth Advisors will provide our employees and clients with the scale and resources of a much larger firm, ultimately improving the financial outcomes we seek to achieve,” said Keith Tigue, the firm’s president.
The purchase of RTS is the 10th transaction this year for Mariner, an Overland Park, Kansas-based advisory firm with more than $50 billion in assets.
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