Mariner Wealth Advisors, an Overland Park, Kansas-based national registered investment adviser advising on $60 billion in assets, is acquiring Corbenic Partners, a Bethlehem, Pennsylvania-based RIA managing $1 billion.
Terms of the acquisition, which is expected to close June 30, were not disclosed.
Corbenic, which is more than 30 years old, specializes in serving franchisee owners. The firm will assume the Mariner Wealth Advisors name following the closing and will continue operations as before with its current team of eight in place.
This will be Mariner Wealth's sixth office in Pennsylvania, the firm said in a press release Tuesday.
With over 600 clients, the $71 billion RIA acquirer's latest partner marks its second transaction in Oklahoma.
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