Mariner Wealth Advisors, an Overland Park, Kansas, wealth management firm advising on $60 billion in assets, has agreed to acquire Taylor Wealth Management Partners, a Boston-based registered investment adviser managing $347 million.
The acquisition is scheduled to close on June 30, Mariner Wealth said in a press release Wednesday.
Taylor Wealth Management Partners was founded in 2014 by Hugh Taylor and serves more than 100 client relationships. The firm will assume the Mariner Wealth Advisors name on July 1.
This acquisition is the latest in a series of moves to bolster Mariner Wealth's presence along the East Coast and will be its 73rd location nationwide.
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“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.
Certain foreign banking agreements could force borrowers to absorb Section 899's potential impact, putting some lending relationships at risk.
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