Mariner Wealth Advisors said Wednesday that it’s acquiring Robinson Tigue Sponcil Private Wealth Management, a Phoenix-based firm with $393 million in assets under advisement.
The acquisition is scheduled to close on Dec. 10; terms were not disclosed.
RTS, founded over 20 years ago, has more than 280 clients. The firm will adopt the Mariner Wealth Advisors name once the deal closes.
“Joining Mariner Wealth Advisors will provide our employees and clients with the scale and resources of a much larger firm, ultimately improving the financial outcomes we seek to achieve,” said Keith Tigue, the firm’s president.
The purchase of RTS is the 10th transaction this year for Mariner, an Overland Park, Kansas-based advisory firm with more than $50 billion in assets.
The "Crypto Mom" departure would leave the SEC commission with just two members and no Democratic commissioners on the panel.
IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.
Meanwhile, a Osaic and Envestnet ink a new adaptive wealthtech partnership to better support the firm's 10,000-plus advisors, and RIA-focused VastAdvisor unveils native integrations with leading CRMs.
A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.
As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.
Wellington explores how multi strategy hedge funds may enhance diversification
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
