OVERLAND PARK, Kan., April 17, 2019 (GLOBE NEWSWIRE) -- Mariner Wealth Advisors, the wealth advisory firm nationally ranked by Barron’s as a top three RIA Firm in 2018, 2017 and 20161, today announced it has entered into a binding agreement to make its sixth acquisition of the year.
Singer Xenos Schechter Sosler (Singer Xenos), located in Coral Gables, Florida, has 16 associates and more than $1.3 billion assets under management2 as of their most recent ADV filing. The firm is led by partners Marc Singer, Faith Xenos, Neil Sosler and Jay Schechter. All of the partners will remain with Mariner Wealth Advisors.
“We are incredibly excited about entering this new market,” said Marty Bicknell, CEO and president of Mariner Wealth Advisors. “I believe Singer Xenos is the perfect partner for us in Miami. The team strives to put clients first and shares our focus on providing customized holistic wealth management solutions.”
With deep roots and longstanding relationships in South Florida, Singer Xenos embodies a client-first service model, with a primary focus on putting the client at the center of all it does.
According to Marc Singer, founding partner of Singer Xenos, “Our firm was founded on the understanding that success comes from growing opportunities, expanding choices and creating a more promising future. I am confident that the partnership with Mariner Wealth Advisors will enhance our ability to do all those things for both our clients and our associates.”
“Today’s world is an exciting and unpredictable place, and in a period of constant change, our firm’s security, stability and qualifications set us apart,” added Faith Xenos, founding partner, CIO and COO of Singer Xenos. “Partnering with Mariner Wealth Advisors helps ensure our clients will continue to have that security for years to come.”
In 2018, Marty Bicknell announced the firm’s national expansion plans, with a goal of acquiring several leading firms each year and green-fielding new office locations in targeted markets. As a result, the firm has acquired:
- Patriot Wealth Management (Houston, Texas, joined Jan. 1, 2019)
- Martin Financial Group (New Albany, Indiana, joined Feb. 1, 2019)
- RTB Consulting, LLC (Cincinnati, Ohio, joined February 11, 2019)
- Foundations Wealth Management (Sioux Falls, South Dakota, joined March 11, 2019)
- Authent Advisors (Corte Madera, California, joined April 1, 2019)
Mariner Wealth Advisors has also recently opened offices in Charlotte, Des Moines, Bellevue, Louisville and Philadelphia.
Park Sutton Advisors represented Singer Xenos during this transaction. Located in New York City, Park Sutton Advisors helps institutional and retail investment management firms navigate a search for a partner by utilizing their industry specific experience to complete transactions representing both buyers and sellers.
About Mariner Wealth Advisors
Mariner Wealth Advisors is a national wealth advisory firm that provides wealth advice focused on meeting client needs. Founded in 2006 with approximately $300 million in assets under management, Mariner Wealth Advisors has grown to more than $22 billion as of Jan. 31, 2019. The firm’s mission is to help clients and their families navigate their financial future, charting a course to achieve their goals today, tomorrow and for years to come.
About Singer Xenos Schechter Sosler
With more than 30 years of investment experience, and located in Miami, Florida, Singer Xenos has deep roots in South Florida. In addition, the firm’s advisors have a consistent, long-term discipline that drives the way they think, the way they advise and the way they invest, preserve, protect and grow financial assets.
1Barron’s awarded the 2018 #3 Top 40 RIA Firms to Mariner, LLC d/b/a Mariner Wealth Advisors based on data compiled for Mariner Wealth Advisors and the 2017 #2 and 2016 #1 rankings in the Top 20 Independent Advisory Firms to Mariner Holdings based upon data compiled for Mariner Holdings’ registered investment adviser subsidiaries. Barron’s publishes these lists based upon a number of criteria and the firms’ filings with the SEC were used to cross-check the data provided to Barron’s. The listing includes the firms’ numbers of clients, employees, advisors, offices and state locations. The award is not indicative of future performance and there is no guarantee of future investment success. Registration of an investment advisor does not imply a certain level of training or skill.
2As of 12/31/18.
Heather Valle
hvalle@hotpaperlantern.com