Mariner Wealth Advisors' Acquisition of Savant Investment Group to Fuel its Growth
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Mariner Wealth Advisors' Acquisition of Savant Investment Group to Fuel its Growth

By CIOReview | Monday, December 13, 2021
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Cio Review

Mariner Wealth Advisors will expand its growth strategy and provide additional value to its clients by acquiring Savant Investment Group.

Fremont, CA: "Our growth has been driven by strategic acquisitions, and we look for like-minded partners who can grow with us. I'm thrilled to continue adding to our team with an impressive firm like Savant Investment Group," states Marty Bicknell, CEO and President of Mariner Wealth Advisors.  Savant Investment Group, LLC, situated in the Bay Area, is to be acquired by Mariner Wealth Advisors. The firm's new office in Emeryville, Calif., will be the firm's seventh in the state and third in the Bay Area. Mariner Wealth Advisors has announced nine acquisitions since the beginning of the year, propelling the firm to 1,000 colleagues and 500 advisors. The deal's terms were kept private.

Since its founding, Savant Investment Group has experienced great development, today serving over 240 clients with about $770 million in assets under management (AUA). Aside from financial planning and wealth management, the firm has established a solutions-driven approach to providing customized retirement plan services that will adapt to the times. Mariner Wealth Advisors' rapidly increasing retirement plan solutions team will benefit from Savant Investment Group's experience in business retirement planning.

“This is an incredible opportunity for our firm to expand our comprehensive financial planning experience to clients and to provide career development for our employees,” comments Scott Lummer, CEO and CIO of Savant Investment Group. “I’m excited to draw on Mariner Wealth Advisors’ broad array of services to bring even more value to our clients, from insurance and tax planning to estate and trust services.”

Lummer will remain as managing director of the Emeryville office, and all eight professionals will stay in their current positions. When the deal is completed, the company will be known as Mariner Wealth Advisors.