Mariner Wealth Advisors, a Kansas-based advisory firm with $23 billion in assets under advisement, has acquired a firm in Indiana that oversees about $250 million in client assets.
Mariner announced on Thursday that it had purchased Martin Financial Group of New Albany, Ind., which comprises a team of eight professionals.
With the addition of Martin, Mariner, based in Overland Park, Kan., has 28 offices in 20 states, with over 240 wealth advisors and over 500 associates, the company said. The acquisition gives Mariner its second location in Indiana.
Mariner Wealth Advisors supports advisory teams with a dedicated investment committee and business development team, as well as back-office support related to human resources, operations, finance, information technology, marketing, legal and compliance, according to the press release.
“I am thrilled to join a firm that shares our commitment in putting the client first,” said Wesley Martin, principal of Martin Financial Group, in a press statement. “This relationship with Mariner Wealth Advisors will allow us to focus on what matters most: spending time with clients, while also gaining exceptional investment and back-office support. It’s a win-win for our clients and associates.”