Mariner has announced the recruitment of two wealth management practices that will add a combined $1.7 billion in new client assets to the national advisory firm.
The acquired firms are Forté Capital and Ultra Financial Partners, based in Rochester, New York, and Scottsdale, Arizona, respectively. Forté’s headquarters location represents a new city for Mariner, while Ultra Financial Partners will integrate offices with one of Mariner’s two existing locations in Scottsdale.
Forté Capital provides comprehensive portfolio management and wealth planning services to nonprofits, individuals, families and institutions, according to the announcement. It provides clients in over 20 states with investment management, tax and estate planning coordination, retirement plan consulting and nonprofit advisory services.
Through the Forté Capital transaction, Mariner gains a team of 13 advisors and 16 total associates. They will continue serving clients from Forté Capital’s existing Rochester location. The firm is led by a trio of managing directors: David Henion, Adil Masood and Edmond Sheidlower.
The Ultra Financial Partners acquisition adds a four-person team focusing on retirement and financial planning for federal employees, physicians and business owners, as well as individuals and families. It was established in 2021 after spinning off from a larger RIA, according to the announcement.
Marty Bicknell, CEO and president of Mariner, said in a statement that both firms “stand out” for anticipating how client needs have evolved.
“The Forté Capital team will continue to thrive under the Mariner name and contribute immediately to the growth of our organization,” Bicknell said. “Likewise, Ultra Financial’s expertise in blending private and public investment strategies, paired with its niche of servicing federal employees, introduces a distinctive edge to Mariner’s suite of capabilities.”
The Forté Capital LLC and Ultra Financial Partners deals will close Aug. 31, and Sept. 30, respectively, with both firms adopting the Mariner name and branding.
Pictured: Marty Bicknell
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