Mariner Wealth Advisors Builds on Vast Presence in California with Acquisition of Confluence Financial Planning Firm Closed out the Year with its Seventh Acquisition of 2023, Adding $360 Million in AUM
Overland Park, Kan.
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January 02, 2024 09:00 AM Eastern Standard Time
Mariner Wealth Advisors, a national wealth advisory firm, today announced it has acquired Sacramento, Calif.-based Confluence Financial Planning. The acquisition established Mariner Wealth Advisors’ first office in the River City and 15th in the Golden State. An early proponent of the lifetime approach to financial planning, Confluence Financial Planning has been at the forefront of guiding clients in Sacramento and beyond through nearly four decades of personalized financial strategies.
“The remarkable economic growth in the greater Sacramento region, coupled with the success of Confluence Financial Planning, made this acquisition a strategic union of thriving environments and proven expertise,” said Marty Bicknell, CEO and president of Mariner Wealth Advisors. “As we continue to prioritize what matters most to us — delivering an unparalleled experience and optimal outcomes for our clients — this collaboration promises to bring forth a wealth of opportunities for growth and success.”
Cynthia Meyers founded Confluence Financial Planning in 1983 to establish a firm whose services would diverge from the traditional investment-driven world of financial planning. As such, Confluence’s approach is guided by a three-pronged financial planning model, which incorporates a high level of client service, a “life” approach to financial planning, and a highly individualized process to advise upon its 285 clients, who represent $360 million in assets under management.
“The name ‘Confluence’ reflects the strength of the firm, the sense of collaboration we have with our clients, and the richness of life’s possibilities,” said Meyers, owner and founder of Confluence Financial Planning. “Though we have long prided ourselves on our ability to support our clients through a combination of in-house support and outside referrals, I have no doubt our clients will be as thrilled as we are that the confluence of these two firms will now allow us to utilize Mariner’s wide breadth of service offerings to address each of their needs under one roof.”
The agreement was finalized on October 16, 2023, with the transition reaching its completion on December 31. Subsequent to the closure, Confluence Financial Planning assumed the Mariner Wealth Advisors name, retaining its six associates and continuing its operations out of the Sacramento office — Mariner Wealth Advisors’ 99th nationwide.
To learn more, visit marinerwealthadvisors.com.
At Mariner Wealth Advisors, we provide 360° advice designed to last. We focus on one thing—partnering with clients to create a financial strategy for today and beyond that’s flexible enough to change along with them. The ultimate goal? Helping clients identify what is important so they can achieve their goals—we’re committed to being here for everything life brings their way. We’ve built our firm around what our clients need. We began by offering wealth planning resources and then added services from tax planning to insurance—all under one roof. We believe this integrated approach to wealth management helps simplify our clients’ lives. Founded in 2006 with $300 million in assets under advisement, Mariner Wealth Advisors and its affiliates now advise on over $114 billion in assets as of 6/30/23.
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