Mariner Holdings announced on Monday that it has acquired Allied Business Group, which specializes in investment banking, valuation advisory and forensic accounting services for business owners and their advisors.
The acquisition will allow Mariner Holdings, an independent financial services firm and the parent company of Mariner Wealth Advisors and Montage Investments, to provide a wider range of services to its high-net-worth clients and business owners — like implementing business exit strategies and advising on private investment opportunities.
Led by managing partners Tim Skarda and David Holzman, Allied focuses on unlocking liquidity for clients in order to help them achieve their strategic goals. For Allied, the acquisition means leading resources, personnel and technology, as well as recruiting resources that will allow Allied to hire more professionals with experience in forensic accounting, business valuation and investment banking.
“This relationship will provide opportunities for growth for both of our organizations,” said Skarda, in a news release. “Most importantly, it will allow both Mariner and Allied to better serve our clients by combining our extensive expertise in developing solutions specifically to meet client needs.”
The partnership with Allied is the latest in a series of initiatives from Mariner Holdings, with the goal of delivering a wider range of solutions to meet more client needs, according to Martin C. Bicknell, chief executive officer of Mariner Holdings.
“We have long recognized a need among our clients who own businesses for additional support in the areas of business valuation and exit strategy planning,” Bicknell said in a news release. “I am thrilled to bring the Allied team on board to support this need. The professionals at Allied have an impressive record of developing customized solutions for business owners and their advisors. By offering these services through Allied, we are providing our clients with access to industry-leading services and advice.”
Other recent initiatives have included the launch of Mariner Trust Co., which offers a wide range of trust and estate planning solutions; the launch of FirstPoint Financial, a firm dedicated to providing personalized financial advice with no minimum asset requirements; and the growth of Montage Investments’ business through partnerships with boutique asset management firms, according to the news release.
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