On November 18, 2021, Mariner Wealth Advisors announced it will acquire Savant Investment Group, LLC.
Under the terms of the transaction, Mariner Wealth Advisors, L.L.C. (“Mariner”) will acquire Savant Investment Group, LLC (“Savant”). Savant will assume the Mariner name and all eight of Savant’s employees will join Mariner and remain in their current roles. Scott Lummer, Savant’s CEO, will continue to run the Emeryville office. 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.
Savant, based in Emeryville, California, is an independent investment adviser providing financial planning, wealth management, and retirement plan services. Savant has approximately $770 million in assets under advisement. Berkshire Global Advisors served as the exclusive financial advisor to Savant on the deal.
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