Mariner, a leading national financial services firm, has significantly increased its presence across the United States through the acquisition of two prominent firms, Atlas Financial in Sarasota, Florida, and Newport Advisory in Newport Beach, California. This strategic expansion incorporates a combined $878 million in assets under management (AUM), enhancing Mariner’s footprint to encompass 126 offices nationwide. The acquisition underscores Mariner’s ambitious vision of growth, aiming to reach 5,000 advisors by 2027 while strengthening its position in vital markets.
Atlas Financial Acquisition
Expertise and Client-Focused Services
With over 25 years of experience, Atlas Financial is well-regarded for its robust asset management and business continuity strategies. The firm, headquartered in Sarasota, Florida, has established a reputation for excellence, catering predominantly to business owners and retirees. Atlas Financial’s strength lies in its dedication to fostering long-term client relationships through meticulously personalized services. These services encompass a wide range of financial needs, including retirement planning, estate and education planning, and business succession strategies. This acquisition brings a wealth of knowledge to Mariner, enriching its service offerings and providing clients with even more comprehensive financial guidance.
Atlas Financial’s team has honed their skills in creating tailored wealth transfer strategies that ensure business continuity and achieve clients’ financial goals seamlessly. They invest significantly in understanding each client’s unique circumstances, developing personalized plans that address their specific needs. This client-first philosophy aligns perfectly with Mariner’s commitment to offering bespoke financial solutions. The integration of Atlas Financial into Mariner will likely empower both firms’ clients, granting them access to enhanced resources and a broad spectrum of financial services, thus reinforcing Mariner’s market position as a premier financial advisory firm.
Newport Advisory Acquisition
Holistic Financial Planning Approach
Founded in 1995 by Jim Regitz, Newport Advisory has prided itself on delivering an integrated and holistic approach to financial planning. Based in Newport Beach, California, the firm has built its ethos around understanding the interconnected nature of clients’ financial lives. Offering comprehensive services like retirement and education planning, tax strategies, and liability management, Newport Advisory’s 12-person team provides tailored guidance that addresses both current needs and future aspirations. Their holistic approach ensures clients receive a comprehensive financial plan that factors in all elements of their financial life, maintaining balance and long-term sustainability.
Newport Advisory’s integration into the Mariner network brings additional strengths, particularly in areas like tax strategy and liability management, where Newport’s expertise can provide significant value. The firm’s approach of integrating various financial elements aligns seamlessly with Mariner’s dedication to comprehensive client service. Clients stand to benefit immensely from the synergy created by this acquisition, gaining a more extensive array of financial planning tools and resources to secure their financial future. As a result, Mariner strengthens its position within the industry’s competitive landscape, offering unparalleled advisory services to a broader client base.
Transition and Future Outlook
Operational Continuity and Enhanced Resources
Mariner has considerably expanded its footprint across the United States through the strategic acquisition of two well-regarded firms. By purchasing Atlas Financial in Sarasota, Florida, and Newport Advisory in Newport Beach, California, Mariner has incorporated an additional $878 million in assets under management (AUM). As a result, Mariner’s presence now spans 126 offices nationwide, solidifying its expansion efforts. This significant move aligns with Mariner’s ambitious growth strategy, which envisions having 5,000 advisors by 2027. The acquisitions not only bolster Mariner’s reach and resources but also reinforce its market position in key regions, paving the way for sustained growth and influence in the financial sector. Mariner’s strategic vision and continuous growth efforts highlight its dedication to becoming a leading player in the industry, ensuring a robust and extensive network to better serve clients across the country.
