Mariner Wealth to Acquire AdvicePeriod

INVESTMENT MANAGEMENT DEALS BLOG

August 20, 2021

On July 20, 2021, Mariner Wealth Advisors, LLC announced that it will acquire AdvicePeriod, Inc.

Under the terms of the agreement, Mariner Wealth Advisors, LLC (“Mariner”) will acquire AdvicePeriod, Inc. (“AdvicePeriod”).  AdvicePeriod will retain its brand and Steve Lockshin, Jonathan Straub and Marc Russel will remain AdvicePeriod’s principals. AdvicePeriod equityholders will exchange their interest in AdvicePeriod for interests in the combined entity. The acquisition, subject to customary closing conditions, is expected to close August 31, 2021. Further terms of the deal were not disclosed.

Mariner, based in Overland Park, Kansas, is a registered investment adviser providing a wide array of services to clients, including tax advice, trust services, estate planning, investment management, risk management, and retirement plans. Mariner oversees approximately $43 billion in assets.

AdvicePeriod, based in Los Angeles, California, is an independent advisory firm specializing in technology and providing family office services and tax planning for high-net-worth clients. AdvicePeriod has approximately $5.1 billion in assets.

To read the press release: please click here.