Mariner Wealth Advisors says it plans to acquire Savant Investment Group.
The acquisition would make it the Overland Park, Kansas-based firm’s seventh office in California and the third in the Bay Area. It is Mariner’s ninth announced acquisition since the start of the year.
Savant will assume the Mariner Wealth Advisors name when the deal closes. The companies didn’t disclose the terms of the deal or when it is expected to close.
“We’ve seen great success implementing our growth strategies, and we’re just getting started,” said Marty Bicknell, chief executive officer and president at Mariner Wealth Advisors, said in a statement. “Our growth has been driven by strategic acquisitions, and we look for like-minded partners who can grow with us. I’m thrilled to continue adding to our team with an impressive firm like Savant Investment Group.”
Savant serves more than 240 clients with around $770 million in assets under advisement at the firm, according to Mariner. Savant offers financial planning and wealth management, as well as a solutions-driven tailored retirement planning approach, Mariner says.
“This is an incredible opportunity for our firm to expand our comprehensive financial planning experience to clients and to provide career development for our employees,” Scott Lummer, CEO and chief investment officer at Savant, said in a statement.
Lummer will continue to run the Emeryville office as managing director, and all eight professionals there will retain their current roles.
Mariner says it and its affiliates have more than $50 billion in client assets.
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