Fri, Mar 29, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Industry Updates

Mariner Wealth Advisors acquires Viewpoint Financial Network

Thursday, January 13, 2022
Opalesque Industry Update - Mariner Wealth Advisors, a national wealth advisory firm, announced the acquisition of California-based Viewpoint Financial Network, its 14th deal to close in 2021. The firm embarked on an aggressive growth strategy in July of last year following a minority stake acquisition by private equity firm Leonard Green & Partners, adding nearly $13 billion in assets under advisement (AUA) throughout the last two quarters. The deal with Viewpoint Financial Network adds to Mariner Wealth Advisors' fast-growing national footprint with an office in the Los Angeles metropolitan area and another office in the San Francisco Bay Area.

"As we kick off 2022, I'm grateful for the tireless work of our associates and continued loyalty from our clients, which made this past year of unprecedented growth possible," said Marty Bicknell, CEO and president of Mariner Wealth Advisors. "It's a privilege to welcome the talented Viewpoint Financial Network team to our family."

Viewpoint Financial Network has 39 years of experience bringing clients holistic financial planning and wealth management services, overseeing approximately $950 million in AUA. Its dedicated team boasts a wide-ranging background of expertise from investment, retirement, and divorce services to estate and tax planning. Joining Mariner Wealth Advisors will enable it to expand capabilities, including tax and estate implementation services, trust and insurance services, retirement solutions for businesses, and more.

"We've always been focused on putting the clients' needs at the forefront of our decisions," said Benjamin Wong, founder and principal of Viewpoint Financial Network. "Mariner Wealth Advisors also follows a client-first mission. Not only do they put their clients first, but they also share our values of integrity and offering world-class service, and joining their team is the right step in continuing to serve our clients for generations to come."

Viewpoint Financial Network assumed the Mariner Wealth Advisors name when the deal closed on Dec. 30, 2021. These are Mariner Wealth Advisors' eighth and ninth offices in California, bringing its nationwide tally to 67 offices in 31 states. Wong will continue to oversee the two offices as managing director and senior wealth advisor, and all 15 associates with Viewpoint Financial Network will continue in their current positions.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1