Saturday, 28 February 2015
Last updated 18 hours ago
Feb 2 2012 | 7:55am ET
Leawood, Kans.-based Mariner Wealth Advisors has acquired a majority interested in Tulsa, Okla.-based Adams Hall Asset Management, an independent wealth manager with $1.3 billion in assets under management.
Adams Hall, with its staff of 14, will retain its name and “expects to integrate its operations and systems into Mariner over time,” according to a press release announcing the purchase.
“We are thrilled to be joining Mariner Wealth Advisors,” said Jana Shoulders, founder and chief executive officer of Adams Hall Asset Management, in a statement. “Mariner offers its clients a breadth of experience and resources not available at every firm. Mariner’s support will greatly enhance our ability to deliver for our clients.”
Explaining the advantages of the union, Martin C. Bicknell, CEO of Mariner Wealth Advisors, said: “Mariner offers Adams Hall the support and resources of a nationally recognized, innovative and growing firm. In return, Mariner gains a team of experienced, talented individuals who focus on meeting their clients’ needs first and foremost. The relationship with Adams Hall will also enhance Mariner’s ability to serve clients in geographically diverse areas.”
According to the Kansas City Business Journal, the acquisition brings Mariner’s assets under management to about $3.3 billion and adds an Oklahoma location to those in Los Angeles, San Diego, Cumberland (Maryland), New York, Philadelphia, Denver, Chicago, Pittsburg (Kansas) and Leawood.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…