Mariner buys CBIZ wealth business

The 24-employee unit will continue to work out of seven different cities
DEC 30, 2010
Mariner Wealth Advisors is acquiring the wealth management business of CBIZ Inc. CBIZ' wealth management unit had $357 million in client assets, according to the ADV form filed in September. CBIZ provides accounting and other services to businesses. Mariner, together with its affiliate money management firms, runs about $8 billion in assets. Terms of the deal were not disclosed. The 24 advisers and professionals joining Mariner will remain in CBIZ offices in Denver, Kansas City, Los Angeles, New York, Philadelphia, San Diego and Cumberland, Md., Mariner said in a statement. Mariner was co-founded in 2006 by two A.G. Edwards & Sons Inc. veterans, Martin Bicknell and Bruce Kusmin.

Latest News

The power of cultivating personal connections
The power of cultivating personal connections

Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.

A variety of succession options
A variety of succession options

Whichever path you go down, act now while you're still in control.

'I’ll never recommend bitcoin,' advisor insists
'I’ll never recommend bitcoin,' advisor insists

Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.

LPL raises target for advisors’ bonuses for first time in a decade
LPL raises target for advisors’ bonuses for first time in a decade

“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.

What do older Americans have to say about long-term care?
What do older Americans have to say about long-term care?

Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.

SPONSORED The future of prospecting: Say goodbye to cold calls and hello to smart connections

Streamline your outreach with Aidentified's AI-driven solutions

SPONSORED A bumpy start to autumn but more positives ahead

This season’s market volatility: Positioning for rate relief, income growth and the AI rebound