On April 17, 2019, Mariner Wealth Advisors announced that it has entered into a binding agreement to acquire Singer Xenos Schechter Sosler Wealth Management.Pursuant to the agreement, Mariner Wealth Advisors (“Mariner”) will acquire Singer Xenos Schechter Sosler Wealth Management (“Singer Xenos”). Marc Singer, Faith Xenos, Neil Sosler and Jay Schechter, the current partners of Singer Xenos, will remain with Mariner after closing. Further terms of the deal were not disclosed.
Singer Xenos is a Miami-based wealth management firm with over $1.3 billion in assets under management as of December 31, 2018. Singer Xenos was advised in the transaction by Park Sutton Advisors, LLC.
Mariner is a wealth advisory firm with approximately $22 billion in assets under management as of January 31, 2019.
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