Mariner Wealth Advisors and Washington Wealth Management today announced the addition of several new teams.
Leawood, Kan.-based Mariner is acquiring Brinton Eaton Associates Inc., based in Madison, N.J., and its affiliated mutual fund manager, Giralda Advisors LLC.
Terms were not disclosed.
Brinton Eaton is a wealth management firm with around $600 million in assets, and brings Mariner's total assets under management to $6.3 billion.
Staff at Brinton Eaton will remain in place and continue to work under the Brinton name.
Giralda Advisors, through its Giralda Fund, runs $220 million in a risk-managed equity strategy. Giralda will be part of Mariner Holding's institutional money manager, Montage Investments LLC, which has $12 billion in assets.
Separately, Washington Wealth Management LLC said it has recruited two new adviser teams.
California Wealth Transitions, a team led by Keith Brandt, formerly with Merrill Lynch, has joined Washington Wealth in its existing San Diego office, and a team led by John Wilbourne, formerly with Wells Fargo Advisors, has opened a new office for Washington Wealth in Bellevue, Wash., operating as Overlake Partners.
Details about the two new teams were not immediately available, but a spokesman for Washington Wealth said the two teams control about $300 million in assets and should bring Washington Wealth's recruited asset base to more than $1 billion.