Mariner Wealth Advisors, an Overland Park, Kansas-based firm advising on more than $60 billion in assets, is acquiring Emerson Wealth, a Bloomfield Hills, Michigan-based RIA that oversees about $612 million in assets.
The deal is scheduled to close on May 31; terms were not disclosed.
Emerson Wealth, which was founded more than 30 years ago by Michael Emerson, has 159 clients and a team of seven.
“As we continue to enhance our growth strategies, joining one of the nation’s top wealth advisory firms will allow us to better serve our clients for years to come,” Emerson said in a statement.
Emerson will operate under the Mariner Wealth Advisors name once the acquisition closes. The deal gives Mariner its second office in the Detroit area. The firm now has 71 offices spread across 32 states.
Carson is expanding one of its relationships in Florida while Lido Advisors adds an $870 million practice in Silicon Valley.
The approval of the pay proposal, which handsomely compensates its CEO and president, bolsters claims that big payouts are a must in the war to retain leadership.
Integrated Partners is adding a husband-wife tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.
Futures indicate stocks will build on Tuesday's rally.
Cost of living still tops concerns about negative impacts on personal finances
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.
