Mariner said Tuesday that it has acquired Taurus Asset Management, a New York City-based wealth management firm with about $1.4 billion in assets under advisement that serves professional athletes.
“Taurus Asset Management’s deep bench of experience, particularly in working with high-profile clients and professional athletes, adds a new dimension to our capabilities,” said Mariner CEO and President Marty Bicknell. “Our firm will benefit from Brad’s long-standing relationships and unique perspective.”
Taurus was founded in 2004 by Managing Principal Brad Peck, who has advised high-net-worth families as well as professional and retired athletes since 1996.
“Our clients have complex financial lives that demand specialized attention and a high level of sophistication, from navigating concentrated equity positions to managing cross-generational wealth planning,” Peck said.
“Mariner possesses the scale, depth and in-house expertise to help us further elevate the level of service we provide without compromising the highly personalized approach our clients expect,” he added. “This partnership enhances our ability to meet the needs of ultra-high-net-worth families today, and to grow with them into the future.”
After the deal closed on May 31, Taurus adopted the Mariner name and branding for its Madison Avenue location in New York. Mariner and its affiliates worked with some $555 billion in assets as of March 31.
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