Kansas City-based Mariner Wealth Advisors announced that it has acquired New Jersey-based FCG Advisors, adding approximately $2.7 billion in assets under advisement. The deal closed on Sept. 10.
According to the announcement, joining the Mariner Wealth team provides the firm with scale that offers their advisory and institutional brokerage business incredible opportunity for growth. “An internal culture focused on collaboration, not competition, is what attracted us to join Mariner Wealth Advisors,” notes John Combias, founder and managing director of FCG Advisors. “And for our valued, longtime clients, many of whom are multi-generational, their offerings from wealth planning to insurance solutions allow us to expand upon the services we provide.”
“It’s been a busy and exciting summer of growth for our team,” stated Marty Bicknell, CEO and president of Mariner Wealth Advisors. “We’re thrilled to welcome the great associates at FCG Advisors to our already talented team. Having an expanded presence in New Jersey will allow us to serve our existing clients better and give us the opportunity to provide wealth advisory services to more people across the region.”
Mariner Wealth Advisors currently has 403 advisors across 54 offices. Since July, the firm has announced six acquisitions and added over $7 billion in AUA. FCG Advisors has assumed the Mariner Wealth Advisors name since closing and the Chatham, NJ office remains under Combias’ leadership.
Park Sutton acted as the exclusive financial advisor to FCG in the transaction.
