Mariner Wealth Advisors, a Kansas City advisory firm with nearly $46 billion in assets, today announced that it has acquired FCG, a New Jersey-based wealth advisory firm with about $2.7 billion in assets under advisement, according to a news release.
The deal closed on September 10, with FCG Advisors assuming the Mariner Wealth Advisors name. The Chatham, N.J., office remains under the leadership of John Combias, FCG's founder and managing director, the release said.
Combias said his team was drawn to Mariner Wealth Advisors because of its focus on collaboration rather than competition. “And for our valued, longtime clients, many of whom are multi-generational, their offerings from wealth planning to insurance solutions allow us to expand upon the services we provide,” he said in a statement.
Marty Bicknell, CEO and president of Mariner Wealth Advisors, noted that it has been a busy summer of growth for his team. “We’re thrilled to welcome the great associates at FCG Advisors to our already talented team. Having an expanded presence in New Jersey will allow us to serve our existing clients better and give us the opportunity to provide wealth advisory services to more people across the region,” he said.
Since July, Mariner Wealth Advisor has acquired six firms and added more than $7 billion in assets under advisement. The Overland Park, Kan.-based firm was founded in 2006 with $300 million in assets under advisement, and that had grown to $46 million as of June. The firm has 403 advisors and 54 offices.