Mariner Wealth Advisors today announced that it will acquire Emerson Wealth LLC, a Bloomfield Hills, Mich.-based firm with $612 million in assets under management. This will be Mariner's third office in the Detroit area, according to a news release.
Terms of the deal, which will close on May 31, were not disclosed. Emerson Wealth will assume the Mariner Wealth Advisors name after the deal closes, and it will continue to operate with its current team of seven associates in place, the release said.
Founded by Michael Emerson more than 30 years ago, Emerson Wealth specializes in life-focused services, helping clients with career transitions and retirement readiness as well as multigenerational wealth strategies and business services such as planning, development, succession, sale and exit consultation, the release noted.
“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. “Like us, Mariner Wealth Advisors is focused on providing a superior client experience, and we’re completely aligned with their guiding principles of client first, associate second, shareholder last.”
Marty Bicknell, president and CEO of Mariner Wealth Advisors, said he continues to be astounded with the level of growth Mariner Wealth has achieved, and it is his mission to ensure that the firm is “partnering with organizations whose guiding principles align with our own.”
“Emerson Wealth takes our credo of being a people-first organization one step further in their policy of guiding with heart and strength. These values, combined with their proven track record of success, leave me confident that this acquisition will be a mutually beneficial one, and I look forward to welcoming the Emerson Wealth team to the Mariner family,” Bicknell added.
This is the 16th deal for the Overland Park, Kan.-based Mariner Wealth Advisors since it began its growth expansion in July 2021. Founded in 2006 with $300 million in AUA, the firm and its affiliates advise on more than $60 billion in assets in 71 offices across 32 states.