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Mariner Wealth Advisors Closed Year With a $360M AUM Acquisition

Mariner Wealth Advisors completes its seventh acquisition in for 2023. Photo Credit: Google Maps

Posted January 4, 2024

Overland Park-based Mariner Wealth Advisors announced it has acquired Calif.-based Confluence Financial Planning, adding $360 Million in assets under management, and will be Mariner’s 99th location in the United States.

The agreement, which began in October, reached finalization on December 31, the company said in a release.

“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,” CEO and president of Mariner Wealth Advisors, Marty Bicknell said in the release. “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.”

Confluence Financial Planning was founded in 1983 by Cynthia Meyers. The firm specializes in a three-pronged financial planning model for its 285 clients. Confluence will establish Mariner’s first office in the River City and its 15th location in California.

“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,” Meyers said.

This deal marks Mariner’s seventh acquisition for 2023. In November, the firm acquired Boston-based Baystate Wealth Management in a deal that officially closed on Jan. 1, 2024. That deal added $1.8 billion in AUM for the Overland Park firm.