In a decisive move to expand its national footprint, Mariner Wealth Advisors has announced the acquisition of Newport Advisory, a prominent financial advisory firm based in Newport Beach, California. This strategic addition establishes Mariner’s second office in the coastal city, reinforcing its commitment to growth and excellence in wealth management services.
Building a Stronger Presence in Newport Beach
With this acquisition, Mariner Wealth Advisors is solidifying its position in one of Southern California’s most affluent markets. Newport Beach, known for its high-net-worth clientele and thriving business community, offers a prime environment for financial services firms catering to sophisticated investors and families.
“This expansion reflects our ongoing commitment to bringing unparalleled advisory services to our clients across the nation,” said Marty Bicknell, CEO of Mariner Wealth Advisors. “Newport Beach is a vibrant market with immense potential, and we are excited to deepen our presence here.”
A Vision for National Growth
Mariner Wealth Advisors has set ambitious goals to expand its reach to 5,000 advisors by 2027. The acquisition of Newport Advisory aligns seamlessly with this vision, adding approximately $878 million in assets under management (AUM) and enhancing Mariner’s ability to offer personalized, high-caliber financial planning and investment strategies.
This acquisition is part of a broader strategy that has seen Mariner actively acquire advisory firms in key markets. By integrating Newport Advisory’s expertise and local connections, Mariner aims to deliver a seamless client experience that blends national resources with localized insight.
Impact on Clients and the Community
For clients of Newport Advisory, the acquisition brings access to Mariner’s expansive network of resources and cutting-edge technology platforms. This transition is expected to enhance the level of service and provide more comprehensive wealth management solutions, including tax planning, estate strategies, and investment management.
Additionally, the acquisition underscores Newport Beach’s status as a hub for premier financial services. It signals confidence in the local market’s vitality and its role as a cornerstone of California’s economic strength.
Looking Ahead
As Mariner Wealth Advisors continues its strategic growth trajectory, the Newport Beach acquisition serves as a testament to the firm’s ability to adapt and thrive in competitive markets. With a commitment to innovation, client-first service, and long-term relationships, Mariner is poised to shape the future of wealth management in Newport Beach and beyond.
Mariner Wealth Advisors’ expansion in Newport Beach marks another milestone in its mission to help clients achieve their financial goals with confidence and clarity. The firm’s growing presence in this iconic coastal city reflects a bright future for both its clients and the broader Newport Beach business community.
