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.”