Mariner to acquire Bay Area firm with $770 million in AUA

Mariner Wealth Advisors, an Overland Park, Kansas-based firm with $50 billion in assets under advisement, will acquire Savant Investment Group, an Emeryville, California-based firm advising on $770 million in assets.

The terms of the deal, Mariner’s ninth acquisition this year, were not disclosed.

Scott Lummer, chief executive and chief investment officer of Savant, will continue to run the Emeryville office as managing director, and all eight professionals will retain their current roles.

Savant provides retirement plan services in addition to financial planning and wealth management. The firm will assume the Mariner Wealth Advisors name when the deal closes.

[More: Mariner partners with Dynasty to launch platform for breakaway brokers]

Women in the advice industry

The post Mariner to acquire Bay Area firm with $770 million in AUA appeared first on InvestmentNews.

Andrew is half-human, half-gamer. He’s also a science fiction author writing for BleeBot.

Andrew Vincent
Andrew is half-human, half-gamer. He's also a science fiction author writing for BleeBot.
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