Saturday, September 11, 2021

Mariner Wealth Advisors Acquires The Pinnacle Group, adding over $600 million in assets under management

 Marty Bicknell
 

 Overland Park, KS -- Mariner Wealth Advisors, a national wealth advisory firm headquartered in Kansas City, has entered into a binding agreement to acquire Cincinnati-based RIA, The Pinnacle Group, in a deal that closes Sept. 24, 2021.

 This is Mariner Wealth Advisors’ fifth acquisition since the sale of a minority stake in the company to Leonard Green & Partners in April. The firm currently has 395 advisors across 53 offices, and this will be its second office in the Cincinnati metropolitan area.

“We’re thrilled to welcome such a talented group of individuals to the Mariner Wealth Advisors family while being able to expand our presence in Cincinnati,” said Marty Bicknell, CEO and president of Mariner Wealth Advisors.

 “The Pinnacle Group’s approach to financial planning, including their retirement planning solutions for businesses, fold into our services and firm goals seamlessly. I’m excited to see what we can accomplish together.”

J. Scott Sims

The Pinnacle Group, with more than $600 million in assets under management (AUM), has built a trusted reputation with its clients since its founding in 1994.

With a significant stake of its AUM in retirement plans, this deal will contribute to the further growth of Mariner Wealth Advisors’ own retirement plan solutions, a platform designed to aid businesses in managing their employer-sponsored retirement plans for employees.

“This is an incredible opportunity for The Pinnacle Group to continue our legacy of helping clients build a successful financial future and provide an attractive career path that offers new opportunities for growth and development to our team,” said J. Scott Sims, president and founder of The Pinnacle Group.

  CONTACT:

Christian DeFazio

mariner@hotpaperlantern.com

https://www.marinerwealthadvisors.com/

 

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