Thursday, 23 October 2014
Last updated 2 hours ago
Apr 21 2014 | 1:28pm ET
Leawood, Kansas-based Mariner Wealth Advisors, an independent investment advisory firm, has acquired a majority stake in the $817 million New Jersey-based Housen Financial Group.
The value of the deal, which brings Mariner's assets under management to $9.5 billion, was not revealed.
“I am excited by the opportunities this new relationship brings to our firm, and most importantly, to our clients,” said Housen Financial President Christopher R. Housen, in a statement. “Joining the Mariner Wealth Advisors family of companies will provide us with a deep bench of resources, including technology and support that will enhance the personalized wealth management services we offer clients throughout every stage of their lives.”
Mariner Wealth Advisors’ expansion into the New York/New Jersey market began two years ago when it acquired New Jersey-based Brinton Eaton followed by its 2013 acquisition of a majority stake in New York-based RR Advisory Group.
Mariner also recently launched FirstPoint Financial and Mariner Trust Company.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...