Mariner Wealth Adds $8.6B RIA
Heber Fuger Wendin Investment Advisors, based near Detroit, focuses on work for community banks and credit unions.
Mariner Wealth Advisors has acquired Heber Fuger Wendin Investment Advisors, a group with $8.6 billion in assets under management that is based near Detroit.
“In addition to being aligned with their business philosophy, we’re excited to work with them to grow their very valuable offering supporting community banks and credit unions. We’re thrilled to welcome them to the Mariner family,” according to Mariner CEO and President Marty Bicknell.
Huger Fuger Wendin, HFW, opened its doors in 1934 and is led by CEO and President Dave Barnes. Along with banks and credit unions, the firm works with insurance companies, hospitals, foundations, manufacturing companies and individuals.
“Mariner Wealth Advisors fully understands and appreciates their status as a fiduciary who, like HFW, is inspired to act in the best interest of their clients and put the clients’ interests first,” said Barnes, in a statement. “We’re eager to be progressing to this next stage in our development backed by the support and resources of the Mariner Wealth Advisors team.”
HFW is now doing business as Mariner Wealth Advisors. Its office in Bloomfield Hills, Michigan, is Mariner’s 75th location nationwide.
The news comes two weeks after Mariner said it was buying the Financial Services Network, which provides administrative, compliance and other services to about 400 advisors with $26 billion in assets under administration, for an undisclosed sum.
Mariner Wealth Advisors and its affiliates advised clients with some $60 billion in assets as of March 31.
(Shown in photo: Marty Bicknell)