Mariner Wealth Advisors, a national wealth advisory firm, today announced that it will acquire Bay Area-based Savant Investment Group, LLC. The Emeryville, Calif. office will be the firm’s seventh office in the state and third in the Bay Area. This is Mariner Wealth Advisors’ ninth announced acquisition since the start of the year, fueling the firm to hit growth milestones of 1,000 associates and 500 advisors. The terms of the deal were not disclosed.
“We’ve seen great success implementing our growth strategies, and we’re just getting started,” said Marty Bicknell, CEO and president of Mariner Wealth Advisors. “Our growth has been driven by strategic acquisitions, and we look for like-minded partners who can grow with us. I’m thrilled to continue adding to our team with an impressive firm like Savant Investment Group.”
Savant Investment Group has seen tremendous growth since its inception and is now serving over 240 clients with approximately $770 million in Assets Under Advisement (AUA). In addition to financial planning and wealth management, the firm has developed a solutions-driven approach to providing tailored retirement plan services designed to evolve with the changing times. Savant Investment Group’s background in retirement planning for businesses will bring added expertise to Mariner Wealth Advisors’ rapidly growing retirement plan solutions team.
“This is an incredible opportunity for our firm to expand our comprehensive financial planning experience to clients and to provide career development for our employees,” said Scott Lummer, CEO and CIO of Savant Investment Group. “I’m excited to draw on Mariner Wealth Advisors’ broad array of services to bring even more value to our clients, from insurance and tax planning to estate and trust services.”
Lummer will continue to run the Emeryville office as managing director, and all eight professionals will retain their current roles. The firm will assume the Mariner Wealth Advisors name when the deal closes.
Berkshire Global Advisors served as the exclusive financial advisor to Savant Investment Group in this transaction.
To learn more visit marinerwealthadvisors.com.
About Mariner Wealth Advisors
At Mariner Wealth Advisors, we provide 360° advice designed to last. We focus on one thing—partnering with clients to create a financial strategy for today and beyond that’s flexible enough to change along with them. The ultimate goal? Helping clients identify what is important so they can achieve their goals—we’re committed to being here for everything life brings their way. We’ve built our firm around what our clients need. We began by offering wealth planning resources and then added services from tax planning to insurance – all under one roof. We believe this integrated approach to wealth management helps simplify our clients’ lives. Founded in 2006 with $300 million in assets under advisement (AUA), Mariner Wealth Advisors and its affiliates now advise on over $50 billion in assets.