Mariner Wealth Advisors of Overland Park, Kansas, will acquire Hayes Financial, a San Jose, California-based firm with $325 million in assets under advisement.
The terms of the acquisition, which will establish Mariner’s eleventh office in the state, were not disclosed.
Hayes Financial was founded in 2008 by Zachary Hayes, and currently serves more than 170 clients. It focuses on high-net-worth executives and tech company employees.
Three staffers will be joining Mariner along with Hayes.
The deal is scheduled to close next Friday.
Eliseo Prisno, a former Merrill advisor, allegedly collected unapproved fees from Filipino clients by secretly accessing their accounts at two separate brokerages.
The Harford, Connecticut-based RIA is expanding into a new market in the mid-Atlantic region while crossing another billion-dollar milestone.
The Wall Street giant's global wealth head says affluent clients are shifting away from America amid growing fallout from President Donald Trump's hardline politics.
Chief economists, advisors, and chief investment officers share their reactions to the June US employment report.
"This shouldn’t be hard to ban, but neither party will do it. So offensive to the people they serve," RIA titan Peter Mallouk said in a post that referenced Nancy Pelosi's reported stock gains.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
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.
