It's been a while since Mariner secured financial backing from Neuberger Berman to support its growth strategy, but the RIA giant has finally gotten back in the acquisition saddle.
On Wednesday, Mariner broke its weeks-long deal silence by announcing it has acquired Atlas Financial in Sarasota, Florida, and Newport Advisory in Newport Beach, California.
Together, the two firms bring approximately $878 million in assets under management while extending the firm's operational footprint to include 126 locations across the US.
“As we welcome Atlas Financial and Newport Advisory to the Mariner family, we’re reinforcing our commitment to meeting clients where they are, both geographically and in their unique financial journeys,” Marty Bicknell, CEO and president of Mariner, said in a statement Wednesday. “These firms bring a wealth of expertise and a client-first ethos that perfectly align with our values.”
Founded in 1995, Newport Advisory employs a holistic approach to financial planning, offering services ranging from tax strategies to liability management. Its 12-person team will adopt the Mariner name while maintaining its client-focused philosophy.
“Joining Mariner marks a transformative new chapter for Newport Advisory,” said Newport Advisory founder Jim Regitz, . “This partnership not only strengthens our ability to serve our clients but also opens the door to unparalleled resources and expertise.”
Meanwhile, Atlas Financial, which has over 25 years of experience, focuses on asset management, business continuity, and wealth transfer strategies. The firm emphasizes a long-term approach to client relationships.
“Joining forces with Mariner unlocks a wealth of resources, expertise, and services that will enhance our ability to support our clients and their businesses every step of the way,” said Orion Marx, founder of Atlas Financial.
Mariner has secured its eighth Florida office with Atlas Financial, while Newport Advisory extends its portfolio of branches in California to 19 locations.
Counting by the days, the Wednesday double-deal comes just over a month after the $245 billion RIA behemoth received a late-October capital infusion from Neuberger Berman. Earlier this year, it made a huge M&A splash in February by acquiring AndCo Consulting and Fourth Street Performance Partners, a twofer transaction that added $104 billion in assets under advisement in one fell swoop.
The growth-focused firm has set an ambitious target for itself, aiming to hit 5,000 advisors by 2027.
Canadian stocks are on a roll in 2025 as the country prepares to name a new Prime Minister.
Two C-level leaders reveal the new time-saving tools they've implemented and what advisors are doing with their newly freed-up hours.
The RIA led by Merrill Lynch veteran John Thiel is helping its advisors take part in the growing trend toward fee-based annuities.
Driven by robust transaction activity amid market turbulence and increased focus on billion-dollar plus targets, Echelon Partners expects another all-time high in 2025.
The looming threat of federal funding cuts to state and local governments has lawmakers weighing a levy that was phased out in 1981.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
