Mariner Wealth Advisors buying $256 million Pittsburgh-based firm

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Mariner Wealth Advisors, an Overland Park, Kansas-based wealth firm advising on $60 billion, is acquiring Executive Wealth Counselors, a Pittsburgh, Pennsylvania-based firm managing $256 million.

The acquisition, terms of the which were not disclosed, is scheduled to close Sept. 30, Mariner Wealth said in a press release Tuesday.

Executive Wealth Counselors was founded in 2007 and currently has four associates, including three advisers. It is headed by owner Louis Valli and will adopt the Mariner name.

[More: Mariner moves into community bank asset management with $8.6 billion deal]

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