Mariner Wealth Advisors, an Overland Park, Kansas-based firm that advises on $50 billion, will acquire Portland, Oregon-based Cascadia Advisory Services, which oversees $775 million in assets.
The terms of the acquisition, which is expected to close by the end of the year, were not disclosed.
Cascadia has 20 associates and more than 800 clients, according to a statement. Its office will be Mariner's second in Portland.
Two affiliate firms of Cascadia, which operate under the brands Adler Mechals Group and Vivid Wealth, also will join Mariner as a result of the acquisition.
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
