Continuing its nationwide expansion, Mariner Wealth Advisors has announced that will acquire Bloomfield Hills, MI-based Emerson Wealth, LLC, adding approximately $612 million in AUM to its books.
As its second office in the greater Detroit area, acquisition bolsters Mariner’s presence in the Midwest. “Our team continues to astound me with the level of growth we’ve achieved, and it is my personal mission to ensure we are partnering with organizations whose guiding principles align with our own,” said president and CEO Marty Bicknell.
Emerson Wealth was founded more than 30 years ago by Michael Emerson. It advises 159 clients who will now benefit further from an extensive range of services and business capabilities as part of the acquisition, according to the May 18 announcement. The firm currently specializes in life-focused services, from career transitions and retirement readiness to multigenerational wealth strategies and business services such as planning, development, succession, sale and exit consultation.
Emerson Wealth will assume the Mariner Wealth Advisors name after the deal closes on May 31, 2022, and it will continue to operate with its current team of seven associates. This will be the firm’s third office in Michigan, bringing its nationwide total to 71 offices across 32 states. Founded in 2006 with $300 million in AUA, Mariner and its affiliates now advise on more than $60 billion in assets.
To reinforce its commitment to firms and advisors that choose Mariner Wealth, the firm has expanded its corporate development and strategy team with the addition of Jennifer Hanau as senior vice president, the announcement notes. Hanau will lead a team focused on elevating the firm’s advisor transition experience—from the introductory meeting to accelerating the assimilation process and helping advisors thrive as part of the Mariner family.
