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Marty Bicknell, CEO and president of Mariner Wealth Advisor

Industry Spotlight > Mergers and Acquisitions

Mariner Wealth Advisors Adds $1B RIA in Pennsylvania

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What You Need to Know

  • Mariner Wealth Advisors' deal to acquire RIA Corbenic Partners is expected to close June 30.
  • Corbenic will assume the Mariner Wealth Advisors name following the closing.
  • The acquisition is Mariner’s fourth this year.

Mariner Wealth Advisors is acquiring Corbenic Partners, a Bethlehem, Pennsylvania-based based independent RIA with over $1 billion in assets under management, in a deal that is expected to close June 30, Mariner said Tuesday.

The deal represents Mariner’s fourth acquisition so far this year, following Boston-based Taylor Wealth Management Partners; Bloomfield Hills, Michigan-based Emerson Wealth; and Miramar Beach, Florida-based Arbor Wealth Management. Mariner acquired 14 firms in 2021.

Financial terms of the Corbenic deal were not disclosed. Corbenic will assume the Mariner Wealth Advisors name following the closing and continue operations as before with its current team of eight in place, Mariner said.

Advisor Growth Strategies, a Phoenix-based management consulting and M&A advisor, provided transaction advisory services to Corbenic for the transaction.

The Bethlehem office will be Mariner Wealth Advisors’ 74th U.S. location, its sixth in Pennsylvania and its second in the Lehigh Valley, the company said. Mariner now has $300 million in AUA, and its affiliates now advise on more than $60 billion in assets combined.

“As we continue to see great success with our growth strategy, we’re always seeking out firms that will add unique value to our diverse team of advisors,” Marty Bicknell, CEO and president of Mariner Wealth Advisors said in a statement.

“Corbenic Partners has had great success serving its clients, and we are excited to add their expertise and capabilities of working with unique client groups to the Mariner family,” he added.

Corbenic was founded more than three decades ago by Brad Griswold, managing partner, and has extensive expertise in advising franchisee owners, according to Mariner Wealth Advisors.

Corbenic’s “unique experience, combined with Mariner Wealth Advisors’ scale and diversity, uniquely positions the firm to expand its offering on a national level,” Mariner said.

Mariner Wealth Advisors “offers Corbenic Partners a foundation to grow and serve both our clients and our team of advisors in the coming years,” Griswold said in a statement. “Partnering with a firm such as Mariner Wealth Advisors allows us the opportunity to continue our goal of being the trusted advisor for the clients and families we serve.”

(Pictured: Marty Bicknell, CEO and president of Mariner Wealth Advisors)