Mariner Wealth Advisors has announced that it will purchase Florida-based Arbor Wealth Management, adding approximately $527 million in AUA.
After closing 14 acquisitions in 2021, the Arbor Wealth deal continues to scale Mariner Wealth Advisors’ operations across the U.S. while expanding its presence in the southeast. This is now the firm’s fifth office in Florida and first in the Destin area, according to then Feb. 15 announcement. This will bring Mariner Wealth Advisors’ nationwide tally to 69 offices across 31 states, with more than $60 billion in AUA.
“Arbor Wealth’s proven track record of growth and stellar group of advisors make the team an ideal fit to integrate into our fast-growing, close-knit culture,” stated Marty Bicknell, CEO and President of Mariner Wealth Advisors.
Arbor Wealth Management was founded in 2010 by Margaret McDowell, with sons Patrick and Andrew McDowell joining shortly thereafter. The firm has grown more than 2,000% since its inception, offering wealth management, financial planning and asset management. Arbor Wealth advises 430 clients who will now benefit further from a larger suite of wealth management services as part of the acquisition.
Arbor Wealth Management will assume the Mariner Wealth Advisors name when it joins the firm on Feb. 28, 2022, and it will continue to operate with its current team in place, the announcement further notes.
