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Marty Bicknell, CEO and president of Mariner Wealth Advisors

Industry Spotlight > Mergers and Acquisitions

Mariner Wealth Buys 2 Firms With $100B

By Janet Levaux

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Mariner Wealth Advisors says it’s buying two firms with $104 billion in total assets under advisement and 100 professionals who serve institutional clients: AndCo Consulting of Winter Park, Florida, and Fourth Street Performance Partners of Covington, Kentucky.

As a result of these acquisitions, Mariner — which says its advisors currently work with $122 billion in AUA — will nearly double its asset level and is set to form a new division focused on institutional investors. 

“The complementary nature of our clients and services will support our joint growth and offer existing clients and prospects additional services that will help enhance the overall client outcome,” said Mariner CEO and President Marty Bicknell, in a statement.

“Mariner, AndCo and Fourth Street share an objective and client-first approach, a focus on associate development and unyielding support for our communities. This leads to a strong cultural alignment and great opportunities ahead,” Bicknell explained. 

See: Mariner Recruited Double Agent to Poach Clients, Lawsuit Claims

As part of the deal, Fourth Street will merge with AndCo. Both firms will keep their existing teams in place and work with institutional clients under the Mariner Institutional brand. 

AndCo and Fourth Street will also retain their offices in Covington, Winter Park, Chicago, Dallas, Detroit, Pittsburgh, Cleveland and Reno, Nevada.

“We truly believe we have found a partner in Mariner that shares the same philosophy, and I’m confident this opportunity will enhance the services we deliver to our existing clients, provide opportunities for our team members and give us the capacity to give back to our local communities at scale,” AndCo CEO Mike Welker explained in a statement.

Pictured: Marty Bicknell

Janet Levaux

@Think_JanetL

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