Mariner Wealth Advisors, an Overland Park, Kansas-based firm that advises on $50 billion, will acquire Portland, Oregon-based Cascadia Advisory Services, which oversees $775 million in assets.
The terms of the acquisition, which is expected to close by the end of the year, were not disclosed.
Cascadia has 20 associates and more than 800 clients, according to a statement. Its office will be Mariner's second in Portland.
Two affiliate firms of Cascadia, which operate under the brands Adler Mechals Group and Vivid Wealth, also will join Mariner as a result of the acquisition.
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A great man died recently, but this did not make headlines. In fact, it barely even made the news. Maybe it’s because many have already mourned the departure of his greatest legacy: the 60/40 portfolio.
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