Mariner, Washington Wealth land some big teams

Wins boost Kansas-based Mariner's AUM to $6.3B: Washington snags West Coasters

Dec 5, 2012 @ 3:53 pm

By Dan Jamieson

recruitment
+ Zoom

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.

0
Comments

What do you think?

View comments

Recommended for you

Featured video

INTV

Compensation changes at broker-dealers

Senior columnist Bruce Kelly and deputy editor Bob Hordt discuss pay changes underway at firms such as LPL and Raymond James, in some cases related to the DOL fiduciary rule.

Latest news & opinion

House panel passes bill to replace DOL fiduciary rule with one requiring disclosure of conflicts

Measure likely to continue in partisan advance in House, but could stall in Senate.

Managed accounts look attractive to 401(k) advisers, but how do you measure performance?

The customization that makes them a good investment option presents a benchmarking challenge.

National Holdings' acquisition of broker-dealer WFG Investments and its 200 advisers called off

Under an alternative plan, WFG's advisers will be relocated to three broker-dealers, including one owned by National Holdings.

House committees ready two assaults on DOL fiduciary rule this week

One is a vote on a bill to kill Labor's rule and replace it with a disclosure-based best-interest standard, while the second is legislation to prevent funding for enforcement of the regulation.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print