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Industry Spotlight > Women in Wealth

Mariner Wealth Adds $1.3B RIA in Florida

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Mariner Wealth Advisors says its has made its sixth acquisition this year, adding Singer Xenos Schechter Sosler of Coral Gables, Florida, an RIA with about $1.3 billion in assets. The RIA incluces partners Marc Singer, Faith Xenos, Neil Sosler and Jay Schechter.

“We are incredibly excited about entering this new market,” according to Mariner Wealth CEO Marty Bicknell. “I believe Singer Xenos is the perfect partner for us in Miami. The team strives to put clients first and shares our focus on providing customized holistic wealth management solutions.”

Overland, Kansas-based Mariner Wealth Advisors had roughly $22 billion in assets as of Jan. 31. When it was founded in 2006, it had about $300 million.

Recent deals include Patriot Wealth Management of Houston (Jan. 1), which has about $2 billion of assets; Martin Financial Group of New Albany, Indiana (Feb. 1); RTB Consulting of Cincinnati (Feb. 11); Foundations Wealth Management of Sioux Falls, South Dakota (March 11); and Authent Advisors of Corte Madera, California (April 1).

Mariner also has added offices in Charlotte, North Carolina; Des Moines, Iowa; Bellevue, Washington; Louisville, Kentucky; and Philadelphia.

“Our firm was founded on the understanding that success comes from growing opportunities, expanding choices and creating a more promising future,” Singer said in a statement. “I am confident that the partnership with Mariner Wealth Advisors will enhance our ability to do all those things for both our clients and our associates.”