In a significant move to enhance its national footprint, Mariner, a leading financial services firm, has acquired Atlas Financial in Sarasota, Florida, and Newport Advisory in Newport Beach, California. These acquisitions have added approximately $878 million in assets under management (AUM) to Mariner’s robust portfolio, expanding its total reach to 126 offices across the United States. With the addition of these two firms, Mariner is strategically positioning itself to fulfill its vision of growing to 5,000 advisors by 2027.
Atlas Financial Acquisition
Expertise and Client-Centric Services
Atlas Financial boasts an impressive track record of over 25 years in the financial services industry, making it a highly regarded player in asset management, business continuity, and wealth transfer strategies. The firm adheres to its Serve First philosophy, a testament to its commitment to building long-term relationships with clients. This approach underlines the importance of personalized financial services and caters to the unique needs of business owners and retirees.
Atlas Financial specializes in retirement, estate, education, and business succession planning. It provides tailored solutions designed to address the most pressing priorities and financial objectives of its clientele. The firm’s success is attributed to its ability to deliver value through strategic asset management and to support clients by offering comprehensive services that go beyond basic financial planning. By prioritizing the unique goals and aspirations of each client, Atlas Financial ensures that clients receive professional, customized solutions that aim to secure their financial future.
Continued Operations and Integration
Post-acquisition, Atlas Financial will operate under the Mariner brand, allowing for a seamless transition for its current clients. The existing team, including its leadership, remains intact, ensuring continuity in the firm’s high-quality service. Atlas Financial’s integration into Mariner marks the latter’s eighth office in Florida, further solidifying its presence in the region. The acquisition is expected to bring Atlas Financial’s expertise and client-first approach together with Mariner’s wide-ranging resources, creating a more enriched experience for both current and future clients.
Orion Marx, the founder of Atlas Financial, expressed his enthusiasm about the merger, noting that joining Mariner would greatly enhance their ability to support clients. This partnership is poised to unlock valuable resources and knowledge, enabling the firm to better meet client needs and preferences. Mariner’s CEO Marty Bicknell emphasized that the core values and expertise of Atlas Financial align well with those of Mariner, making the acquisition a natural fit. This mutual commitment to putting clients first is anticipated to propel both firms towards achieving their shared goals.
Newport Advisory Acquisition
Holistic Approach to Financial Planning
Since its founding in 1995 by Jim Regitz, Newport Advisory has established itself as a pioneer in holistic financial planning. The firm’s guiding principle is to integrate every aspect of a client’s financial life, ensuring that all strategies align with their personal goals and values. Newport Advisory offers a wide range of services, including retirement and education planning, tax strategies, and liability management. This comprehensive approach ensures that the firm addresses both the current and long-term financial needs of its clients, providing them with a solid foundation for the future.
Newport Advisory’s 12-person team, renowned for its dedication and expertise, will continue operations under the Mariner brand. The merger with Mariner is expected to provide Newport Advisory clients with access to an even broader set of resources. This will enhance the firm’s ability to deliver high-quality, client-focused services while maintaining its deep commitment to individualized financial planning. The acquisition not only expands Mariner’s presence in California, marking its nineteenth office in the state, but also strengthens its national reach, paving the way for future growth and development.
Strategic Alignment and Future Prospects
In a notable development aimed at broadening its national influence, Mariner, a prominent financial services firm, has successfully acquired Atlas Financial in Sarasota, Florida, along with Newport Advisory in Newport Beach, California. These strategic acquisitions have bolstered Mariner’s assets under management (AUM) by approximately $878 million, significantly enhancing its already strong portfolio. This expansion brings Mariner’s total presence to an impressive 126 offices spread across the United States. By integrating these two firms, Mariner is making calculated strides towards achieving its ambitious goal of growing to 5,000 advisors by the year 2027. As a result, Mariner is not only expanding its market reach but also reinforcing its commitment to providing top-notch financial services through a significantly larger advisor network. This move aligns with Mariner’s broader strategy of scaling operations and resources to better serve clients nationwide, ensuring sustained growth and enhanced service delivery in the competitive financial services industry.
