Mariner Wealth Advisors plans to acquire Atlanta institutional investment consultancy Southeastern Advisory Services in late September, which could bring it an additional $5 billion in assets under advisement, a spokesperson for the firm confirmed Monday.
Mariner, based in Overland Park, Kansas, also recently announced plans to acquire Forté Capital on Aug. 31 and Ultra Financial Partners on Sept. 30, to add about $1.7 billion in AUA and expand its advising capabilities in individual and complex family client relationships.
Southeastern Advisory Services is led by Jeff Swanson, who will join Mariner with three Southeastern associates. Mariner Institutional plans to integrate Southeastern's 35 institutional relationships in Florida, Georgia and Texas into its service structure.
Mike Welker, Mariner Institutional chief, said the deal "expands our presence in key markets and strengthens our ability to deliver exceptional service and outcomes to institutional clients nationwide.
The Southeastern team brings expertise and dedication to a client-first service model that aligns perfectly with our own approach, setting the stage for immediate momentum once they join our team.
"While this is a significant transaction on its own, it’s also part of a larger trajectory of growth for Mariner Institutional. We’re committed to scaling strategically, building our capabilities and reach in ways that deliver more value for our clients. We look forward to joining forces with Jeff and his team to build on their strong legacy and create new opportunities to serve clients together.”
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