Mariner Wealth Advisors announced that it will acquire San Jose, CA-based Hayes Financial, Inc. and its $325 million in assets under advisement. The acquisition—Mariner Wealth’s eighth deal to close in 2022—will establish the firm’s 11th office in California.
Founded in 2008, Hayes Financial works primarily with high-net-worth executives and employees in the technology sector, and currently serves more than 170 clients. The firm offers a suite of tailored services including cash flow and tax planning, restricted stock and incentive stock advisory, and employer stock management.
“Hayes Financial’s practice of advising clients on the choices they make for their finances by taking into consideration the full context of life’s variables, including all aspects of compensation, reinforces the client-first principle we put into practice,” said Marty Bicknell, CEO and president of Mariner Wealth Advisors. “We are excited about the opportunity to support Zach [Hayes] and his talented team in its growth.”
According to the announcement, Hayes Financial has found a niche in working with employees and alumni of a well-known tech company for the last 20 years, allowing them to provide specialized wealth advice regarding their stock purchasing plan, RSUs and more, which will further bolster Mariner Wealth Advisors’ executive service practice. In turn, the firm will provide a solid foundation for Hayes Financial’s growing business.
Hayes Financial will assume the Mariner Wealth Advisors name when the deal closes on Dec. 16 and will continue operations as usual, with its three current associates, under Zachary Hayes’ leadership. This will be Mariner Wealth Advisors’ 81st location nationwide.
ECHELON Partners served as the financial advisor to Hayes Financial, Inc. in the transaction.
