Mariner Acquires New Jersey's Housen Financial

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.

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