Mariner Wealth Advisors announced Wednesday the expansion of its wealth advisory team by partnering with RiverPoint Capital Management, a Cincinnati-based independent advisory firm with 17 wealth management professionals, including eight advisors.
Based in Leawood, Kan., Mariner Wealth Advisors brings its assets under management to $5.6 billion with the addition of RiverPoint, which has AUM of approximately $1.3 billion and will maintain its name and service philosophy. RiverPoint was advised on the deal by Park Sutton Advisors of New York.
Mariner Wealth Advisors is a subsidiary of Mariner Holdings, founded in 2006 by the company’s chief executive, Martin Bicknell (left), who was previously a senior vice president of investments at A.G. Edwards & Sons. Mariner ranked fourth on Barron’s 2012 Top 100 Financial Advisors list.
“With the RiverPoint addition, we are gaining a team of experienced, talented professionals who hold client needs at the heart of all they do,” Bicknell said in a statement. “This partnership puts us one step closer to our goal of building a nationwide team of trusted advisors to support our clients who are increasingly located throughout the country.”
RiverPoint Capital Management, founded in 1995, manages wealth for individuals, families, endowments and foundations. AdvisorOne ranked RiverPoint No. 30 in its list of top 100 wealth managers by AUM as of Dec. 31, 2010.
“I am looking forward to the opportunities this partnership will bring to our clients and employees,” said Valerie Newell, chairman and managing director of RiverPoint, in a statement. “Mariner has a history of providing outstanding resources and support to its affiliates, and I am very pleased to be joining such an accomplished and experienced firm.”
Read Mariner Wealth Advisors Acquires CBIZ Wealth Management at AdvisorOne.