Mariner Wealth Advisors, an Overland Park, Kansas-based wealth advisory managing more than $50 billion, has acquired Barley Mill Asset Management, a Wilmington, Delaware-based registered investment advisory firm managing $700 million.
Barley Mill assumed the Mariner Wealth Advisors name when the deal closed. The Wilmington office remains under the leadership of Paul Dorsey, who founded Barley Mill more than a decade ago.
This is Mariner's eighth deal since July. In April, it sold a minority stake to private equity investor Leonard Green & Partners.
Also, Orion has added BlackRock, Fidelity, and Vanguard to its custom portfolios suite, and RedBlack has set up a new headquarters after crossing a trillion-dollar milestone.
Also, New York-based Legacy Edge Advisors names its first-ever CEO, while Novare Capital Management hires a Vanguard veteran with a multigenerational planning focus.
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