Mariner Wealth Advisors announced that it has acquired Walker Wealth, a Fullerton, Calif.-based firm with $301 million in assets under advisement, according to a news release.
Financial terms were not disclosed.
The deal marks the 12th acquisition by the Overland Park, Kan.-based Mariner Wealth Advisors in the past 12 months and establishes the firm’s 14th office in the Golden State. Just last week, it added Scottsdale, Ariz.-based tax practice Hopkins Tameron Hostal PLLC.
Founded in 1997 by CEO and president W. Craig Walker, Walker Wealth serves more than 170 clients. The team includes four associates and will retain its existing leadership team upon joining the Mariner Wealth Advisors brand on March 1, the release said. The firm offers a variety of services, including cash-flow management, retirement planning, estate planning counsel and investment consulting, the release said, adding that the firm serves young entrepreneurs and retirees, with a niche focus on medical professionals.
“Our clients’ needs and interests have always been at the heart of every decision we make, and our mission centers around providing the highest level of professionalism and service possible,” Walker said in a statement. “Joining Mariner Wealth Advisors will broaden our client service capabilities and enable us to offer more diversified wealth management solutions for clients with a variety of needs.”
Mariner Wealth CEO Marty Bicknell said the firm “continues to grow through strategic acquisitions of like-minded firms that share a passion and commitment to offering clients diversified wealth management services.” He added: “A firm of Walker Wealth’s caliber bolsters our presence in California and deepens our bench of professionals with an expertise of serving clients in the medical community. We are thrilled to welcome their team into the Mariner family.”
Walker Wealth is the 85th office nationwide for Mariner Wealth Advisors, which was founded in 2006 with $300 million in assets under advisement. By December 31 of 2022, the firm and its affiliates were advising on more than $105 billion in assets.