Mariner to acquire Bay Area firm with $770 million in AUA

Mariner to acquire Bay Area firm with $770 million in AUA
Savant Investment Group, based in Emeryville, California, is Mariner's ninth acquisition this year.
NOV 18, 2021

Mariner Wealth Advisors, an Overland Park, Kansas-based firm with $50 billion in assets under advisement, will acquire Savant Investment Group, an Emeryville, California-based firm advising on $770 million in assets.

The terms of the deal, Mariner’s ninth acquisition this year, were not disclosed.

Scott Lummer, chief executive and chief investment officer of Savant, will continue to run the Emeryville office as managing director, and all eight professionals will retain their current roles.

Savant provides retirement plan services in addition to financial planning and wealth management. The firm will assume the Mariner Wealth Advisors name when the deal closes.

Women in the advice industry

Latest News

SEC bars ex-broker who sold clients phony private equity fund
SEC bars ex-broker who sold clients phony private equity fund

Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.

The key to attracting and retaining the next generation of advisors? Client-focused training
The key to attracting and retaining the next generation of advisors? Client-focused training

From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.

Chuck Roberts, ex-star at Stifel, barred from the securities industry
Chuck Roberts, ex-star at Stifel, barred from the securities industry

"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.

SEC to weigh ‘innovation exception’ tied to crypto, Atkins says
SEC to weigh ‘innovation exception’ tied to crypto, Atkins says

Chair also praised the passage of stablecoin legislation this week.

Brooklyn-based Maridea snaps up former LPL affiliate to expand in the Midwest
Brooklyn-based Maridea snaps up former LPL affiliate to expand in the Midwest

Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.