Mariner Wealth Advisors acquires wealth advisory firm FCG Advisors, closing out the summer with addition of $2.7 billion in assets
Mariner Wealth Advisors, a Kansas City-based national wealth advisory firm just makes its sixth acquisition to close out the summer of deals. Today, the firm announced that it has acquired New Jersey-based wealth advisory firm, FCG Advisors. The deal closed on September 10.
Mariner Wealth Advisors said the acquisition will provide the already successful firm with a scale that offers their advisory and institutional brokerage business an incredible opportunity for growth. The New Jersey-based FCG Advisors was founded in 1994 and has approximately $2.7 billion in assets under advisement (AUA).
In an announcement on its website, Mariner Wealth Advisors said, “FCG Advisors officially became part of Mariner Wealth Advisors on Sept. 10, 2021,” adding that it “made this transition after accomplishing our regulatory and compliance goals as part of Cambridge Investment Research. To take the next step in our evolution and expand our client offering, we decided to join Mariner Wealth Advisors.”
“An internal culture focused on collaboration, not competition, is what attracted us to join Mariner Wealth Advisors,” said John Combias, founder and managing director of FCG Advisors. “And for our valued, longtime clients, many of whom are multi-generational, their offerings from wealth planning to insurance solutions allow us to expand upon the services we provide.”
Mariner Wealth Advisors currently has 403 advisors across 54 offices. Since July, the firm has announced six acquisitions and added over $7 billion in AUA. FCG Advisors has assumed the Mariner Wealth Advisors name since closing, and the Chatham, NJ office remains under Combias’ leadership.
“It’s been a busy and exciting summer of growth for our team,” said Marty Bicknell, CEO and president of Mariner Wealth Advisors. “We’re thrilled to welcome the great associates at FCG Advisors to our already talented team. Having an expanded presence in New Jersey will allow us to serve our existing clients better and give us the opportunity to provide wealth advisory services to more people across the region.”
Founded in 2006 with $300 million in AUA, Mariner Wealth Advisors has grown to nearly $46 billion AUA as of June 30, 2021.