Mariner Wealth Advisors Washington Acquisition Adds $300M In Assets

Posted September 13, 2023

Overland Park-based Mariner Wealth Advisors has acquired Kirkland, Wash.-based Klevens Capital Management, granting the company a larger footprint in the Pacific Northwest with $300 million in new assets to boot.

Klevens Capital Management officially became a part of its new owner on Friday, September 1.

“I’m thrilled to welcome Klevens Capital Management into the Mariner family,” CEO and president of Mariner Wealth Advisors, Marty Bicknell said. “It’s not just about the quality of the work, but the quality of the people doing the work, and that’s what will make this team such a valued partner for us. Their emphasis on relationship-building and deep knowledge of the industry make them a perfect fit to join our extremely talented group of advisors.”

Furthermore, Klevens Capital Management has over 250 households with $300 million in assets under advisement after being established in 2005 by CEO and president John Klevens. Klevens Capital Management also offers services including cash flow management, retirement planning, estate considerations and investment consulting.

Through this acquisition, Mariner Wealth Advisors now has two offices in Washington, totaling in 94 locations nationwide. The Kirkland office team, consisting of four members, will continue operations under the leadership of Klevens in his capacity as Managing Director and Senior Wealth Advisor.

Phoenix-based management consulting firm Advisor Growth Strategies served as the transaction advisor to Klevens Capital Management, according to the company.

Mariner Wealth Advisors hinted toward more acquisitions in the works with several more deals planned before the close of the year. 

View the full release, here.