Mariner Wealth Advisors, an Overland Park, Kansas-based firm advising on more than $60 billion in assets, is acquiring Emerson Wealth, a Bloomfield Hills, Michigan-based RIA that oversees about $612 million in assets.
The deal is scheduled to close on May 31; terms were not disclosed.
Emerson Wealth, which was founded more than 30 years ago by Michael Emerson, has 159 clients and a team of seven.
“As we continue to enhance our growth strategies, joining one of the nation’s top wealth advisory firms will allow us to better serve our clients for years to come,” Emerson said in a statement.
Emerson will operate under the Mariner Wealth Advisors name once the acquisition closes. The deal gives Mariner its second office in the Detroit area. The firm now has 71 offices spread across 32 states.
Quarterly analysis of retirement accounts highlights positive behavior.
Insiders say the Wall Street giant is looking to let clients count certain crypto holdings as collateral or, in some cases, assets in their overall net worth.
The two wealth tech firms are bolstering their leadership as they take differing paths towards growth and improved advisor services.
“We think this happened because of Anderson’s age and that he was possibly leaving,” said the advisor’s attorney.
The newly appointed leader will be responsible for overseeing fiduciary governance, regulatory compliance, and risk management at Cetera's trust services company.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
